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...

International wheat markets were generally lower overnight, both cash and futures. There was a 0.51% slip in the AUD against the USD which has helped turn a lot of the weaker closes into flat or even slightly firmer comparisons to yesterdays numbers. Hard red winter wheat out of the...

The USDA World Ag Supply and Demand Estimates (WASDE) report was out overnight. Corn appears to be the biggest loser this morning. Both US yields and area were increased. The punters have forgotten about the rapid pace of US exports and jumped onto the “sell” wagon at Chicago, smashing...

Chicago futures saw minimal movement in wheat, corn or soybean futures. Positioning ahead of the WASDE report due out on Monday was probably the dominant factor in overnight trade. Fundamental influence is minimal in the northern hemisphere. It’s the middle of winter, most locations have good snow cover. Central...