The USDA January World Ag Supply and Demand Estimates report, WASDE, held some surprises for the corn and soybean markets. Average US corn yield estimates were reduced to 179.3 bpa (11.254t/ha) that’s well below the average trade estimate of 182.7 bpa, prior to the reports release. The USDA also...

A short session in the US as the country shows its respect for ex president Jimmy Carter after passing at the age of 100. The USDA will release the January World Ag Supply and Demand Estimates report tomorrow. US wheat futures trended lower in anticipation of little bullish news...

US wheat, corn and soybean futures all gave up value overnight. The stronger USD did not help US export values. Paris milling wheat, corn and London feed wheat futures were mixed, either side of unchanged, but generally a touch lower nearby. Paris rapeseed was again the biggest winner, putting...

International grain futures were generally flat to higher in last nights session. Closing values for Paris milling wheat futures were mixed, the nearby shedding a little value while the Sept > May 26 contracts were a smidge firmer. London feed wheat futures were up just over a pound. US...

Over the break there were some good international purchases, mainly from Black Sea suppliers, but demand is demand and it all goes towards reducing world carry in stocks before the northern hemisphere gets into the new crop in July / August. Egypt picked up 1.27mt of mostly Russian wheat...

A mixed night on the world futures markets for grain and oilseeds. Wheat trended lower with losses at both Chicago and Paris. Milling wheat futures at Paris saw €3.75 / t (AUD$6.23) shaved off the nearby contract and €3.00 (AUD$4.98) off the May slot. London feed wheat was back...

At least there’s some green on the screen this morning. London feed wheat futures were up £3.20/t out to the May slot, Paris milling wheat saw good gains in the March slot +€4.00/t, the May slot not far behind at +€3.50 / tonne. Both Chicago and Paris corn was...

US wheat, corn and soybean futures all closed lower. London feed wheat was firmer, gaining £1.30/t, Paris milling wheat was mixed, nearby contracts a smidge higher while outer month contracts were a smidge lower. Paris corn followed the lead from Chicago, closing down €1.25 on the nearby while Paris...

International Commentary There’s not a lot of green on the screen this morning. US, Paris and London wheat futures all closing lower. The AUD remains under 65c US, which is helping but lower futures may weigh on local bids today. As mentioned yesterday local basis was hit hard as...

International Commentary World wheat futures were generally a little firmer to flat overnight. London feed wheat gained £1.05/t in the March slot, Paris milling wheat was up €1.75 in the March slot and Chicago HRWW saw gains of just 3c/bu in the March slot. Paris rapeseed futures closed lower,...