US wheat futures ignored the weekly increase in US export pace and instead focused on their disappointment in the latest monthly USDA World Ag Supply and Demand Estimates report which hit the wires last night. The WASDE showed a slight increase in US wheat ending stocks, up from 18.3mt...

The chance of US rate decreases were eroded as US inflation came in higher than expected. This saw the AUD sharply lower in overnight trade, falling 1.77% against the greenback. I wonder if those traders that blamed the stronger AUD for flat to softer sorghum prices here yesterday will...

The stronger AUD is becoming a bit of a thorn in our side yet again, putting on over 1c against the USD since this time last week. It may not sound like much but when you look at something like ICE canola futures, the move in the AUD against...

The weekly USDA crop progress report was out after the close of business at Chicago. The publication shows corn planting is just 3% against the average of 2%, very early days as yet. Most of that action is happening south of Nebraska, with Iowa and Indiana yet to plant....

The punters appeared most active in soft red winter wheat futures at Chicago, the nearby May contract making some good gains by the close. Higher grade hard red winter wheat and spring wheat saw less volatility. Fundamental strength was said to have came from rising tension in the Black...

Paris rapeseed futures were hit pretty hard last night. After gaining over ten euros in the last couple of sessions that and a little more taken back last night. The nearby May contract shed E11.25 / tonne. Taking the move higher in the AUD unto account the fall in...

US wheat, corn and soybean futures were back in the black last night. Hard red winter wheat futures at Chicago the clear winner. As a turn around from the last few session HRWW futures managed to close 17.25c/bu higher (AUD$9.65/t). A mixture of short covering and fundamentals pushed the...

At Chicago, wheat, corn and soybeans all closed lower. The wheat rally from last week now a distant memory. The improved outlook for the HRWW belt saw Kansas futures shed more in value than either the soft red winter wheat contract or the spring wheat contract at Minneapolis. Cash...

April sees the first of the USDA weekly crop progress reports hit the email. Being the first it’s not massively interesting as the trade generally track week on week variances, but it does give us an insight into their crops as we move through their spring. With little summer...

The slight rally in US wheat futures was not generally reflected across the Paris milling wheat contract. The move in US wheat wasn’t anything to write home about but the fact it broke away from pressure from a lower corn and bean market at Chicago can’t be viewed as...