US futures markets continued to focus on ample world and US wheat stocks overnight. Flat to softer wheat futures at Chicago and Minneapolis continues to weight on FOB offers out of the Pacific Northwest, resulting in lower prices for export wheat from both the US and Canada into the...

The latest USDA World Ag Supply & Demand Estimates report was out last night. It may go down as one of the less relevant or forgettable reports published in a while. I’ll drill down a little into the wheat numbers here to help show you why. World wheat ending...

Risk off, markets down. But is it really that simple. Will input prices fall, will fertilizer all of a sudden become a non issue, will fuel fall back to pre war prices. Was all of this a dream… for Wall St maybe, a nightmare for the rest of the...

We have a USDA World Ag Supply and Demand Estimates report due out on Thursday, US time. We should have some data to look at on Friday morning. The punters are not expecting to see huge changes. Much of the data is collated up to 30 days prior to...

There were some decent falls across the eastern parts of the US hard red winter wheat belt over the last 7 days. Some locations in Oklahoma saw 50-100mm of rain. These storms moved across the central corn belt too, adding some moisture to land about to be sown to...

I’m no stock market guru but I have enjoyed watching some of the more profitable market positions and the timing of these positions when it comes to the odd US punter over the last few weeks. I’m not saying that the markets are manipulated, or taken advantage of, or...

Sometimes I feel like the more you learn the less you know. The interrelationships between cash grain, futures, currency, outside markets and politics, and from now on AI will be have to be thrown in the mix too, can all become grey at times. The politicians are still trying...

Algeria was reported to have picked up 690kt of milling at US$272 C&F. Without knowing the exact details this does appear to be about the current value for Black Sea milling wheat. Russian 11.5% milling wheat is estimated to cost around US$236 FOB. Freight estimates are about US$33.00/t now,...

Jordan picked up 50kt of feed barley in a tender this week. It’s estimated the sale value was roughly US$260 C&F for first half of July delivery. On the back of an envelope that’s roughly AUD$260 XF LPP equivalent. East coast Aussie barley won’t work into a sale of...

Some nice gains were posted in US wheat futures last night. With US weekly crop progress report is expected to start again in April we will then start to get a better idea on how the US winter wheat crop is shaping up. This week saw a MoM decline...