China has announced, again, that it will continue to expand its farmer support programs to help ensure food security and lower its reliance on imports. Considering the level of uncertainty created by the US, and in part China’s own actions, in regards to using tariffs as a trade tool....

Taiwan picked up 106kt of US wheat out of the Pacific Northwest last week. With official US export shipments for the week ending January 29th at just 326.8kt any business will be considered good business. Mexico, Taiwan and Malaysia all feature on the US buyers list. US wheat continues...

According to the Indian weather office January was unusually warm and the prediction of a warmer, drier February has a few punters back peddling of winter crop production estimates there. The main crops likely to be impacted are wheat, canola and our favorite… chickpeas. I’m always skeptical of those...

China has began to buy Canadian canola again after a trade deal struck. As China has said many times in the past, China will do what is best for China. This is the case with this deal. In exchange for allowing the import of 49,000 Chinese EV’s into Canada,...

The dollar is stronger, topping out at 70.79 mid session in the 12 hour chart before falling sharply to 69.77 on profit taking. The punters appeared to have taken the 1c drop as a buying opportunity, the AUD climbed back to 70.33 over the next few hours, flattening, before...

US wheat futures found some upside, and why not, the US dollar continues to soften making US exports more affordable to many international consumers. Hard red winter wheat values out of the US Pacific Northwest were steady at 599c/bu. Converting this value to a C&F Asian market, and then...

The AUD is sharply higher against the US dollar again this morning, 69.79US cents, just 6pts below the sessions high of 69.85, not quite breaking through the 70c mark. The AUD saw little change against many other currencies, including most of our major trading partners, bar the Yuan which...

The AUD is up over 69c this morning. We have the RBA meeting on the 2nd and 3rd of February, next week, will rates go up after the RBA polishes their crystal ball. Some punters seem to think we are on the way to 70c in the short term....

When it comes to wheat there’s not a lot of green on the screen this morning. US futures were lower, the higher grades taking the bigger hit, but nothing has really fallen out of bed. The move lower in US milling wheat futures was reflected in cash values out...

International wheat values are back to the grind. US wheat futures recovered a little, nothing very convincing, but at least they didn’t closer lower like Paris milling wheat futures did. The nearby Paris contract was back E1.50/t, May shed E1.25/t. Looking over the major exporter conversion values compared to...