Old crop corn, wheat and soybeans at Chicago were lower overnight. Wheat sharply so. The Aussie dollar is also firmer against the US dollar. Combining the move in the AUD, -AUD$2.14/t and the move in nearby SRWW futures at Chicago, -AUD$16.98, in theory we have a plausible downside of...

The punters are backing the RBA will follow US interest rates higher. Will this cool inflation or will it simply hammer a few more nails into already struggling businesses. With unemployment rates in Australia at a 13 year low in February, the punters may not be far off mark...

The US wheat futures market is like a toddler on red cordial being injected directly into their heart, with a puppy and a pair of scissors. This is worth watching but it can get ugly real quick. As an 85c/bu fall in futures prices tends to indicate. Wheat prices...

Covid is back in the Chinese equation again, it appears to be having more of an impact on their exports at present but was used as the catalyst for the sell-off in Chicago soybeans overnight. Not a massive fall lower compared to more recent market moves but with beans...

The Aussie dollar is sharply lower this morning, back 1.32%. Talk of higher interest rates in the USA, the current inflation rate and low employment rate all key reasons to why they feel the need to grind the economy back into the dirt. When you do nothing but print...

What a week for Chicago wheat futures, the now expired March contract starting the week at 1425.25c/bu (AUD$709.98) and falling to 1073.75c/bu (AUD$535.61) on Thursday and then finally finding, hopefully, a floor and rallying 16.25c/bu (AUD$8.10) last night. Although the Dec22 slot was not as volatile it too did...

Continued profit taking in US wheat drives futures values sharply lower. This was not the case for corn and soybean futures at Chicago. Both corn and beans enjoyed a little fundamental support from the USDA WASDE report and continued speculation of improved US exports of both grains. China continues...

To be honest I wasn’t as interested in what the USDA monthly World Ag Supply and Demand Estimates reports had in it as what I usually am. I mean how does any report with 30 day old data compete with the last couple of weeks. Some highlights of the...

Chicago wheat futures closed sharply higher again overnight, this is indeed something historical we are watching. The March contract, although now very low in volume, settled at 1425.25c/bu. A price most US producers would be happy to get for their soybeans year in year out. The May22 slot for...

RIP Warnie and Rod Marsh, what a sad day for Australian cricket, two of the game’s biggest legends gone. I can hear Richie, recapping their glorious innings. US SRWW wheat futures at Chicago were limit up again overnight. The May22 slot closing at 1209c/bu (AUD$602/t). The March22 contract isn’t...