US wheat futures are mixed, hard red winter wheat stabilising somewhat while both soft red winter and spring wheat continue to slip away. Chicago corn found weakness in the December slot, back roughly the same as wheat. Chicago soybeans were a little firmer, up around 15.5c/bu (AUD$8.28) for the...

There was a bit of a bounce in US corn, soybeans and winter wheat futures at Chicago last night. The push higher in soybeans appeared to help the new crop canola contract at Winnipeg gain some ground as well. Paris rapeseed wasn’t left out of the equation, new crop...

US wheat futures continue to tumble. Minneapolis spring wheat leading the way. Pressure in winter wheat is predominately harvest driven in the states. Less than inspiring weekly wheat export sales data out of the US don’t help. The sales number came in at the low end of expectations and...

The oilseed market bounced overnight, soybean, canola and rapeseed all clawing back some of the previous sessions losses. Crude oil also pushed a little higher, oilseeds is seeing spill over support and spill over weakness from outside markets. Paris and Chicago wheat futures continued to slide, nothing more than...

It’s taken a while but sooner or later the US wheat market had to come to terms that the punters got it wrong, and the prevention of Ukraine wheat exports wasn’t going to create a world-wide disaster. I’ve been on the other side of that narrative for a while...

The biggest loser in the overnight markets was again oilseeds. Canola and rapeseed futures were smashed over the fence. The Paris Feb 23 contract was down AUD$43.57 / tonne while the Jan23 Winnipeg canola contract was back AUD$47.28. Cash bids for new crop canola ex farm SE Saskatchewan were...

US wheat futures were crushed in overnight trade. Talk of a Ukraine / Russia deal to allow grain exports from Black Sea ports is apparently gaining momentum, if not in the real world, it is over a cup of coffee at the morning meeting of the fund managers who...

With the US markets closed for yet another long weekend, market information is a little thin this morning. Unfortunately, the markets that did trade overnight are not sending a positive signal this morning. Both ICE canola futures and Paris rapeseed futures were sharply lower. The Winnipeg market has shed...

Overnight wheat futures in the US fell away sharply. Come Monday we may see the move somewhat countered by a lower AUD here but the fall in the dollar will not be able to counter all of the fall in futures if the fall in futures is reflected dollar...

The US will allow the sale of E15, lower-carbon ethanol blend petrol, to be sold year round.  The move was touted as an attempt to help American households save some money on increasing fuel costs. E15 sells for about 40c/g less than the standard E10 fuel. The corn based...