Wheat, soybean, and corn futures all held onto Friday night gains. Wheat managed to climb a little but the increase in value of the AUD against the US dollar will likely counter the move in SRW futures. Philippines booked 110kt of what most traders think was Aussie feed wheat...

It was all about wheat and soybeans at Chicago last night. Hard red wheat futures closed the session up 30c/bu (AUD$15.95) on the nearby, the Dec23 slot also pushed higher, gaining 24.5c/bu (AUD$13.02) by the close. Chicago soybean futures were up 23.25c/bu on the nearby. Strength rolled through to...

Cash values out of the US Pacific Northwest followed US futures lower overnight. Hard red wheat values were back day to day, taking variations in the USD / AUD into account, HRW was back roughly AUD$10.40 FOB PNW. Spring wheat values were not hit as hard, shedding AUD$6.15 when...

Another WASDE report, how quickly the months do go past. What does a quick look at the world wheat S&D table for February tell us. Well, not why US wheat futures went up last night. World opening stocks were 120kt lower, production was 2.49mt higher, consumption was a little...

The bullish news was in the oilseed pit. Nothing overly optimistic, good weekly US exports prior to the mass arrival of S.American soybeans was viewed as positive. Talk of Indonesia suspending some palm oil export permits to make sure domestic supply is met was bullish. Indonesia has a program...

The USDA WASDE, World Ag Supply & Demand Estimate report, is out on the 8th of Feb US time. So, we should see the details on Thursday morning here. The punters are backing an increase in Australian wheat production, something which has generally been factored into the equation since...

It’s all about the Aussie dollar today. Overnight weakness against the USD saw the AUD fall of 2.13%, closing the session closer to 69c than 71c where it spent the last half of the week. The decline in straight up Aussie dollars per tonne is worth between AUD$10 and...

Egypt, GASC, is seeing wheat offers for their latest tender coming in between US$353.75 and US$322.80 per tonne. If Australia was to try and compete into this market accumulation would need to occur at something close to $315 XFLPP, that’s not going to happen, especially for milling wheat. Russian...

The funds continue to sell Chicago SRW wheat futures lower, happy extending their short positions for the time being. Some analysts continue to talk this market up, it’s easy to see why with the volatility of the Black Sea market and poor conditions in the US and the chance...

US wheat futures found support from both the technical side and the fundamental side of the market last night. Technical short covering / profit taking was noted as January closed out. Fundamentally the condition the US HRW crop went into winter is now regaining some traction as we near...