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...

US wheat futures found downward pressure from the open. Wheat at no stage during the session succeeding to push above the previous day’s closing price and settled the day at or just above the sessions low. Hard red winter wheat futures were hit the hardest, shedding 18.5c/bu (AUD$10.11) on...

Russia continues to rattle their sabre regarding the extension of the Grain Corridor deal. If anything, this ordeal has taught me how to spell corridor. Russia continues to export significant volumes of grain through the Black Sea while increasing their export tax to ensure domestic prices remain stable and...

Turkey picked up 220kt of feed barley by tender yesterday. The average price was estimated at US$283.71. On the back of an envelope this would equate to something close to AUD$280 XF LPP. This is pretty cheap. Russian feed barley had been indicated at US$273 FOB. This tender value...

Chicago soft red winter wheat and hard red winter wheat futures staged a minimal recovery overnight, both closing in the green. Minneapolis spring wheat futures went the opposite direct at the futures exchange and out of the PNW cash market. London feed wheat was slightly weaker and Paris milling...

Wet weather in Brazil continues to delay both the soybean harvest and the late plant corn crop. The trade suggests that at least 20% of the late corn will be sown later than planned. This could see a yield reduction if the season does not go with the crop....