Mostly technical trade in US futures as the punters position themselves ahead of next weeks USDA report. Chicago wheat futures followed both corn and soybean futures lower while Minneapolis spring wheat futures defied the Chicago market, closing a couple of cent a bushel in the green. Paris milling wheat...

There’s a USDA World Ag Supply and Demand Estimates (WASDE) report due out next Tuesday US time. There are a few trade estimates around prior to the release. Currently the trend seems to be expecting increased corn and soybean yields and production over last months estimates. US corn production...

US wheat futures were hammered again on Tuesday. Technical sellers gained traction and the slippery slope got wetter. HRWW futures were the hardest hit, shedding 12.25c/bu (AUD$6.95/t). The fall in futures was reflected at the port. Values out of the Pacific Northwest for HRWW were also lower, shedding AUD$7.20...

Canada had the day off, so no data from Winnipeg this morning. Cash bids across SE Saskatchewan were generally flat to lower for wheat and durum while a smidge higher for canola. US values out of the Pacific Northwest were generally less than a dollar lower for wheat, including...

Russia continues to be a major wheat exporter for the year ahead. SovEkon raised their export estimate by 400kt to 43.3mt the current crop being harvested. The Russian harvest is producing a mixed bag of results after a slow start. There has been areas in the south affected by...

The headlines get a little over the top these days. The first one I read this morning was “scorching weather fails to heat up grain prices”. US centric obviously. I remember in the past hot weather wasn’t even rated unless it sat in the low 40c for a week...

Delhi chickpeas were firmer again, up 8Rs/Q, but the stronger AUD made short work of such a small move. Compared to yesterdays conversion to AUD / t, Delhi chickpeas are roughly AUD$5.28 / tonne lower this morning. There’s still a large degree of speculation over both Indian chickpea production...

US, Canadian and Russian wheat values were generally lower last night. Cash prices from all three major exporters across most grades shed value. In the US and Canada the fall in cash values tracked similar moves lower in the futures markets. Spring wheat out of the Pacific Northwest slipped...

The international wheat market seems to be trying to set a seasonal low. With buyers like Algeria picking up over 1mt of wheat during the week it may be signalling that the demand side are sensing the seasonal low is close, or in, and it’s time to put the...

I’ve rolled most of my price indicators to reflect the new wheat crop. Things like basis and international cash price comparisons for barley, wheat and canola will tend to reflect new crop comparisons unless stated otherwise. Sorghum comparison and index values will continue to reflect nearby plus one or...