The US futures market overlooked the good weekly US wheat export sales number that was 48% above the prior 4 week average, and decided to concentrate on some profit taking. Dec wheat has closed higher on 4 of the last 5 sessions. Prior to the release of the US...

US and EU wheat futures continued to push higher overnight. HRWW futures closed more than 20c/bu higher, some cash bids even more so. Export values out of the US Pacific Northwest were also firmer. Taking the limited move in the AUD against the US dollar into account HRWW values...

It appears Iran has entered conflict between Israel and ……… anyone nearby. I’m not about to take sides in this “war”, both sides have done their fair share of escalating things over the years, with neither putting in much of an effort to stabilise. I’m here to simply look...

Corn and wheat futures in the US, Paris and London found some upside overnight while Chicago soybeans gave back a little of the recent gains. Canada had a holiday but Paris rapeseed futures managed to buck the trend in Chicago beans and closed up €1.00 in the Feb slot....

It was all about soybeans last night, and the impact Hurricane Helene will have on production. For those of you punting cotton there is also a chance for significant crop losses in US cotton. Corn and soybeans, more so beans, were the clear winner last night. Fields east of...

The Aussie dollar will take back what it gave us yesterday, up over 1% against the US dollar overnight. The bad news this morning is that we see the rally in the AUD coinciding with weakness in most US grain futures markets. Wheat, corn and soybean futures in the...

All three US wheat futures contracts pushed higher. The reversal tending to support the current fundamentals developing for both new and old crop wheat across both hemispheres. The move higher in Dec24 SRWW futures at Chicago more than covers the previous sessions decline. Many analyst are now moving towards...

Volatility in the Chicago soybean market was a feature of last nights session, the trade torn between weather concerns in S.America and harvest pressure in the USA. Combine this volatility with some recent wet weather in parts of Canada and the net result was further gains in Winnipeg canola....

Dry sowing issues across Russia and Ukraine, wet weather across the Brazilian crop at harvest, frost damage to fields across southern Australia and cold dry weather across Argentina were all fundamental factors backing some much needed technical buying in Chicago wheat futures last night. Weekly US wheat export inspections...

The Australian wheat crop is seeing revisions lower for the first time in months. Frost damage to southern districts in NSW, Victoria, South Australia and Western Australia has seen private estimates fall from the previous weeks high. Some locations falling as much as 30%. Frost damage is hard to...