The AUD is often viewed in the currency trading world as a liquid proxy for the Chinese Yuan. Hence when the press tell the world that the talks between the US and Chinese preventatives over the weekend went well, then that must be good the Yuan, bam, they buy...

There is little change in international cash and futures values this morning. Black Sea wheat values are the weakest of the major export regions, while wheat values out of the US Pacific Northwest were generally either side of unchanged by less than a dollar. During the week Algeria picked...

There’s a bit of push and pull in the international durum market at present. Drought continues in Turkey, creating sowing problems for dry land producers and potentially reducing supply into the Turkish pasta processing industry for 2026-27. Turkey is also expected to limit 2025-26 exports. The current situation is...

There were some big variations in the international canola / rapeseed market overnight. Paris rapeseed futures gained €7.25/t in the Feb slot. This move was backed up by increases in the cash port values for French rapeseed as well. The day to day conversion comparison increasing by roughly AUD$18.11/tonne....

Chicago soybean futures retreated from setting a short term high, back 1.5c/bu in the January slot. News that soybean sowing is progressing well across Brazil wouldn’t have helped the sentiment in the US. Sowing progress is estimated at 44% complete in Mato Grosso, 7pts ahead of this time last...

Desi chickpeas are indicated at US$311.50 delivered packer Saskatchewan. Extrapolating this from a packer price somewhere in central Canada to a delivered Indian price and then back to a delivered NNSW packer or ex farm LPP value starts to contain a lot of assumptions. There are a raft of...

The lack of official USDA data on a daily, weekly or monthly basis is hurting some traders more than others. The futures markets are seeing more directionless trade. From an outsiders perspective this doesn’t look entirely bad, as it does appear to be reducing volatility. Yes that’s also boring...

The AUD was weaker against most of the majors overnight, falling up to 1% against the Yen. The AUD remains bent by the trade dispute between the USA and China. It’s a little ironic as the weaker dollar will actually help Australia in its efforts to sell exports…….to China....

Offers have finished being submitted for the Algerian durum tender and we should have some news on volume and price later today or tomorrow. The tender will be broken down into four shipment windows, First half November, second half November, first half December and second half December. The tender...

Jordan picked up 60kt of milling wheat at government tender last night. Jordan, like Algeria, keeps market tender results private, but there are a number of trade estimates out there suggesting CHS was the successful seller at US$262.50 per tonne C&F for second half of Feb delivery. On the...