It’s September USDA World Ag Supply and Demand Estimates day. Was it a case of sell the rumour / buy the facts, you might say so. The wheat data wasn’t bullish, but was generally what most had expected to see. Looking at the data the big picture is 3.98mt...

There were some major corrections in Black Sea wheat values over the last 24-48 hours, downwards. Russian and Ukraine values had been holding on much better than US values, keeping a healthy premium, up until the last couple of session. Day to day changes in Black Sea values are...

There’s a USDA World Ag Supply and Demand Estimates report due out tomorrow night. The punters have been active squaring up this week, some of this action had been supportive but the steam appears to have ran out. US futures were a sea of red last night apart from...

The AUD was a smidge lower in overnight trade. This did help counter some weaker numbers from the futures markets and other major grain exporters, but it may not stop local bids here from drifting a little lower today. Mind you the risk of a frost across a lot...

The USDA crop progress report was out after the close last night. 95% of the corn crop is in dough stage, 74% dented and 25% is rated as mature. US corn harvest pace is in line with the 5 year average at 4% and is just getting under way...

The Aussie dollar is stronger against all the major currencies this morning bar the Yen and Euro, which it was only fractionally stronger against. The move in the dollar puts a lot of pressure on the conversion of international grain prices, cash and futures. For the conversion of SRWW...

European grain futures were generally lower, London feed wheat shed £1.00/tin the Jan 26 slot, Paris milling wheat was flat nearby but slipped €0.50 / tonne in the December slot, Paris corn futures were lower and Paris rapeseed also closed in the red, shedding €2.25 / tonne in the...

The September USDA World Ag Supply and Demand report is due out on the 12th US time, Friday week, so data here on Saturday morning of the 13th. The chance of increases in world wheat production is potentially high. Yields across Canada have been a little better than expected....

The USDA weekly crop progress report was out after the US futures market closed last night. Just skimming through it we see corn there is now 58% dented, 15% mature and has a G/E condition rating of 50/19=69%, compared to last weeks G/E rating of 51/21=72%. This may help...

Canada and the USA took the day off leaving grain market news a little thin on the ground this morning. International values are mixed, barley and canola / rapeseed appear higher, while many wheat values FOB origin are a little weaker. International conversions are also appearing a little lower...