Some nice moves in US wheat futures overnight could basically be countered by a 1.69% rally in the Aussie dollar against the greenback today, not exactly what we were hoping for. The US markets were generally about weather and squaring up prior to Friday night’s USDA WASDE report. Soybeans...

Seeing some conflicting reports out of Russia regarding the quantity and quality of the wheat crop. For most of the growing season the Russian wheat crop has simply been getting bigger and bigger with some reports suggesting that a crop as large of 97.5mt was on the cards. As...

Philippines passed on their tender for 150kt of feed wheat and 150kt of feed barley on Friday. This appears to be a strategy to reduce prices as they were not in line with expectations. The announcement last week that Ukraine wheat would soon be back in the mix had...

At Chicago corn held onto gains while wheat and soybeans were lower. Thankfully, the weakness in outer month beans didn’t flow through to the canola market. Paris rapeseed for the Feb23 slot and the Jan23 slot at Winnipeg both closed with small gains. Week on week Paris rapeseed did...

The US drought map and the forecast of more hot, dry weather for the western corn belt played a big role in last night’s recovery in soybean and corn futures at Chicago. Wheat futures were supported not only by spill over buying from the row crops but also from...

Talk of severe thunderstorms leaving up to 14″ of rain in some parts of the central corn belt has done little to support US corn futures, which again slipped lower. Nearby corn, wheat and soybean futures all continued lower, closing with double digit declines. Winnipeg canola was back on...

US soybean futures were hit hard overnight, the Jan23 slot shedding 61.75c/bu, roughly AUD$32.00. The punters call the weather map the key to the decline. A quick look at the weather forecast for the US does have one questioning this reasoning though. Heatwave conditions over the next 7 days...

Day three of the US spring wheat crop tour wound up Thursday. Both durum and milling wheat fields were walked with projected yields coming in close to where the USDA had expected them to be. The scouts finished the week in Fargo after touring Minnesota where spring wheat was...

It’s all about soybeans, canola, and rapeseed this morning. There were some impressive gains at Winnipeg, the Jan23 contract pushing C$39.00 per tonne higher. Paris rapeseed futures were also firmer by the close, the Feb23 slot up E11.00 or about AUD$16.04 per tonne. Not as impressive as the ICE...

Corn up, wheat down and soybeans stronger, the nearby contract very much so. The strength in Chicago soybeans spilled over into both the Paris rapeseed contract and Winnipeg canola. Cash canola bids across SE Saskatchewan followed the futures market higher, a December lift up C$11.10 to close on average...