Weakness in US soybean futures at Chicago weighed on the market. Beans slipped 14.75c/bu (AUD$8.31) on the nearby contract. This didn’t help corn or wheat. Wheat futures did fare a little better, gaining back some ground in the premium grades while soft red winter wheat futures were a smidge...

US weekly net wheat sales were reported by the USDA at 322.5kt, a little lower than both last week and the 4 week average. This didn’t help wheat futures in the US and won’t help us as much as the 0.63% reduction in the AUD against the greenback will....

International grain futures were broadly flat to lower. Corn and soybeans at Chicago managed to stay in the green while wheat in the US, across all three futures contracts, was lower, handing back yesterday’s gains. The Winnipeg canola market managed to slip lower, against the flow in beans. Paris...

S.Korea confirmed the purchase of 86.2kt of US milling wheat yesterday. There is talk the sale also included 50kt of Aussie milling wheat. The first US consignment was a mixed consignment of 12.2kt of soft white wheat @ US$244.03 / tonne FOB, 11.5kt of HRWW @ US$273.45 and 12.5kt...

Losses in Chicago soybean futures were reflected, and some, in both Paris rapeseed futures and ICE canola futures at Winnipeg. Paris shed E12.50 per tonne on the nearby contract, Winnipeg C15.50. When converting these losses to AUD / tonne and taking daily variances in cross currency rates into account...

US wheat futures grabbed a few more cents per bushel from the open. Warmer temperatures across the US plains will be welcome after the last week or two where many locations experienced blizzards. The possibility of unseasonably warm weather across parts of the US Midwest may also see a...

Not exactly a volatile Chicago market for corn and soft red winter wheat, both making relatively small moves either side of unchanged. Hard red winter wheat at Chicago and out of the Pacific Northwest kicked the trend in SRWW and corn, and managed to push higher. Soybean at Chicago...

US grain markets were a bit of a non event last night. Wheat and corn futures remained generally flat, while soybeans were 10-11c/bu higher by the close. The stronger close in soybeans at Chicago rolled across to a better close for Winnipeg canola futures, up C$8.00 on the nearby...

USA weekly net sales for the week January 5th to 11th for sorghum were 201,800 tonnes for the 2023-24 marketing period, up 52% from the previous week. China picked up 199,200 tonnes of that. Weekly export volume for US sorghum set a marketing year high of 354,100 tonnes, China...

Chinese imports for the year January 2023 to December 2023 are interesting. Wheat imports were estimated at 12.1mt, +22% year on year. Corn imports were up 32% year on year to 27.13mt, that’s interesting given the massive feed wheat crop they harvested. Barley imports were also much higher year...