Algeria picked up 300kt of wheat on Friday, the majority being Russian. Approximately 180kt of the tender is Russian wheat from the Black Sea. Other supply destinations included Bulgaria, France and Ukraine with 30kt each. Algeria is also in the market for 50kt of durum wheat, this tender closing...

US wheat and corn futures pushed higher on Friday night after the USDA quarterly stocks report through up some interesting numbers. Corn stocks were lower than expected pushing corn futures. Wheat saw a good rally in futures but this wasn’t on the back of stocks being vastly different to...

The bombardment of complex outside market influences continues to take the lead over fundamental influence in world grain markets. The world will continue to eat, probably grains and meat, (maybe bugs). So, keeping a close eye on fundamentals is going to head you right in the long run… but....

US wheat futures continue to push along in the same volatile nature they have exhibited for some time now. Once again the catalyst for the surge higher in US wheat futures is tension in the Black Sea. Most of the punters seem to think there is more of a...

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...