Chicago wheat futures pushed lower again overnight. With volume towards the thinner side of expectations punters short soft red winter wheat futures remain in the driving seat. The continued pressure on wheat futures in the US has many analysts perplexed. With a net short position of roughly 200k, or...

The downward trend in Paris rapeseed futures and Winnipeg canola remains firmly intact. Paris rapeseed shed E12.75 / tonne on the nearby contract last night. Taking moves in the AUD / Euro into account the fall equates to AUD$12.17 per tonne. The sharply lower AUD against the Euro is...

The Grain Corridor deal is doing a good job of keeping everyone a little confused if nothing else. Russia is saying that because they objected to the extension for 120 days and suggested that the deal be extended for just 60 days that the deal is indeed up for...

Some more US corn booked by China in another “flash sale”. This time around it’s 677kt, so that’s 1.289mt in two days. Chicago corn futures rolled over and tapped the alarm clock for a non-start, unless you consider a 5.75c/bu (AUD$3.42) higher close in the May slot a worthy...

The New York Stock exchange saw an unusually large number of company shares being suspended from trade on Monday. The failure of Silicon Valley Bank and subsequent bail out sent a ripple through the market place. This does tend to muddy the water significantly for grains as outside market...

Black Sea grain corridor deal looks more certain, today…… I mean really has it ever looked uncertain over the last couple of weeks. The Russians have objected to a few things but really, does it make any difference to the Russians, no, no it doesn’t their grain export pace...

US wheat futures closed higher, not eroding week on week losses but taking back a slice of the previous sessions loss. Hard red wheat fared best, as one might expect to see given the weather outlook for US states like Texas, Oklahoma, and Kansas. The HRW contract is interesting...

US wheat, soybean and corn futures initially shows some strength in the overnight session but by the close of the day session it was sea of red. Nearby corn futures were smashed, wheat was sharply lower while the soybean market is still struggling to digest a 150+ million tonne...

Wheat and corn futures at Chicago were mixed but generally trended lower after the release of the USDA World Ag Supply and Demand Estimates report released last night. Soybeans failed to hold onto early gains, closing the session flat. A quick look at the wheat table in the WASDE...

The move in the AUD will counter the sideways action in US markets. Fundamentally the trade is likely to wait this out to some extent and see what the USDA WASDE report has in store later in the week.  The stronger US dollar may also put pressure on US...