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...

International cash values for canola were hit again last night. The canola market continues to be very volatile, the introduction of heavy tariffs on Canadian canola into China continues to change international dynamics. Canadian canola is already cheap, cheaper than either Ukraine or Australian canola into Europe. Australian canola...

Chicago soft red winter wheat futures took back all of the previous sessions losses last night. Week on week we see the Chicago SRWW contract down just 0.75c/bu (less than AUD50c/t at the spot rate) compared to last Thursday. Our biggest problem here is the AUD is 1 US...

Canadian durum values were sharply lower overnight. PDQ reports the average farm gate price out of SE Saskatchewan fell by CAD$21.55 / tonne yesterday, closing the day bid at CAD$283.79 / tonne for a December lift. It’s hard to be accurate when converting the SE Sask durum number to...

The USDA weekly US crop progress report was out yesterday. Corn is now 83% dough stage and 7% mature on average. The G/E condition rating was stable at 51/20 = 71% versus last week at 50/21=71%. 4% of the US soybean crop is dropping leaves and the rating was...

I get asked what I think wheat will be worth in 3, 4, 6 , 12 months often. Fair enough given what I do. The outside influences are always the same. The weather, politics and currency. This can make it appear hard, very hard sometimes, like now, when politics...