The USDA World Ag Supply and Demand Estimates report (WASDE) was out last night, hanging a wet blanket over the wheat market. Looking at the data the thing that sticks out the most is the increase in both opening stocks and closing stocks. The net result a month of...

Winnipeg canola and Paris rapeseed futures were hit hard overnight. Led lower by Chicago soybeans to some degree but the C$40.00 / tonne hit at Winnipeg was outdone by even sharper falls in the upcountry cash bids where XF SE Sask values fell by more the C$70.00 / tonne....

There was much more green on the screen this morning. US grain futures posted gains for all the major commodities, wheat, corn and soybean all closing higher and dragging other futures markets higher in the process. Both Winnipeg canola futures and Paris rapeseed futures moved higher, as did Paris...

The AUD is stronger against most of the major currencies this morning, closing at the session high against the greenback. This is not great for the conversion of futures and cash values back to AUD per tonne this morning. Take nearby Chicago SRWW futures for example. The move in...

I’m not stating anything new hear, but the whole Trump thing is making it very hard to crystal ball any markets at present. It’s not all to do with tariffs and counter-tariffs, but the importance of these can not be understated. It has a lot to do with simple...

US wheat futures found spillover pressure from corn and soybeans as well as political pressure as the implementation date for US tariffs against Canada and Mexico near. The row crops were also pressured by progress in the South American soybean harvest, and sowing progress in the second corn crop...

US grain and oilseed futures followed the path of least resistance again last night, shedding value across corn, wheat and soybean futures. Corn has been hit hard this week. A combination of the funds clearing long positions accumulated since October last year as a hedge against inflation, and the...

International futures markets were a sea of red last night, nearby Chicago corn and wheat pushing into double digit losses. The weaker AUD will help counter a good slice of the negativity today, but it will have its work cut out for it to cover the move lower in...

What would the end of the Russia / Ukraine war mean for Australian grain prices. It’s a complex question, the complexity of the answer is also being further exacerbated by the current US craving for import tariffs, who and how will exporters / importers retaliate to these tariffs. At...

US grain futures were generally lower, wheat led the pack shedding 6.25c/bu (-AUD$3.62/t) on nearby Chicago SRWW. Spring wheat futures at Minneapolis were hit hardest, closing 8.5c/bu (AUD$4.92/t) lower nearby. Chicago corn futures shed a couple of cents a bushel and soybeans were mixed, nearby a smidge firmer, outer...