Technical Tuesday, call it what you will. The market was happy to buy a little back yesterday after some sharp moves lower in recent sessions. US wheat futures found buying support mainly from the short covering side of the market, profit taking, but also from reports that Russian drones...

Spill over selling from the share market hurt US grain futures overnight. One might have expected to see the US market rally a little with the prediction of a Hurricane crossing the coast of Florida and pushing inland, but the markets chose to concentrate on the bigger picture. That...

When Chicago wheat broke through the 100-day moving average the market started to feel a little top heavy according to some analyst. These analysts appeared to have been right as the market did suffer some technical selling overnight closing in the red across all three US red wheat grades....

Lots of sabre rattling between Russia and the west over the last couple of days. The water continues to be muddied by political influences across the globe. We haven’t seen the world simmering like this for some time. Russian airports are packed, border crossings cues, up the 35km long...

US wheat futures pushed sharply higher in overnight trade. The strength in wheat assisted both corn and soybeans to close in the green. The strength wasn’t reserved for just US wheat futures either, Paris milling wheat putting on over AUD$20 in the December slot by the close. Even London...

Weakness in US futures was initially fuelled by speculation that the Black Sea corridor is now not at risk. Putin must like having Black Sea wheat values on a string, one negative statement sending prices higher, only to fall just as quick on a positive statement. Russia has a...

Wheat futures in the US closed the session higher. This represented a week on week gain from last Fridays for both HRWW and spring wheat but a week on week decline for soft red winter wheat. In Aussie dollar terms we see SRWW down AUD$5.33, HRWW up AUD$3.28, DNS...

US futures were lower across the board, wheat, all grades, corn and soybeans all shedding value as the world talks more of recession in 2022-23. Awesome, so recession with inflation and increasing interest rates. That’s a pretty nifty trick by the FEDs, killing everything all at once. I mean...

US corn and soybean futures closed in the red overnight. The later influencing a lower close in both ICE canola at Winnipeg and Paris rapeseed. In Aussie dollar terms the difference in day-to-day prices for canola futures represents a decline in Paris of about AUD$18.12 for the Paris Feb...

The USDA weekly US crop progress report was overshadowed by the USDA WASDE report this week, but the crop progress report did carry some information worth noting. Corn condition and progress is the main interest. With 77% of the crop now dented agronomists are starting to get a much...