The US futures market saw mostly technical trade ahead of tonight’s monthly USDA World Ag Supply and Demand Estimates report and their weekly export shipments and sales report. The consensus leading into the WASDE report is for larger world and US wheat production, with increases in both hard red...

International futures appear to be ignoring the current fundamentals, selling wheat futures lower at Chicago, Minneapolis and Paris. The sell down may have squared up the December SRWW contract. The Dec stochastic now neutral. This could be an indicator that the market is in a position to react either...

US wheat futures slipped away on Monday night, eroding more than half of last weeks gains in just one session. Lower corn and soybean futures wont help. We also have a stronger AUD against the US dollar compounding the move when converting it all to AUD / tonne this...

US corn futures closed at a two week high on the back of speculation US sown area may not make USDA initial projection. It has nothing to do with the corn / wheat spread trade, or an escalation in the Ukraine / Russia war, or a weaker USD, or...

The AUD, up one day, down the next, then up again, the punters love their volatility. The rise of the AUD this morning will counter the move in US SRWW futures by roughly AUD$1.00 per tonne. The higher grades were less volatile in the US. HRWW harvest pace and...

US wheat futures took a hit overnight. The data out of yesterdays crop progress report for both spring and winter wheat in the states was more bearish than bullish. The main kicker being the 5pt improvement in the G/E rating for spring wheat. Both MGEX spring wheat futures and...

The USDA weekly crop progress report was out last night. Corn planting progressed to 93% complete, the major production states, Iowa, Indiana and Illinois, are pretty much bang on the 5 years average pace. Indiana is a little slow at 86% sown vs the avg of 90%, but this...

US and Canadian spring wheat values continued to rise Friday night. Canadian spring wheat XF SE Saskatchewan was bid at an average value of CAD$300.05 according to PDQ. This is a spread above the average December lift price of CAD$23.90, new crop is a discount to old crop. The...

The recent fall in corn and soybean values out of the USA appears to be attracting buyers. Good sales are being reported for both commodities out of the US with the punters expecting to see good numbers in this weeks USDA weekly export sales report due out tonight. Chicago...

US wheat futures responded positively to the USDA weekly crop progress report. The decline in quality for winter wheat was expected but still managed to put the brakes on the decline in SRWW and HRWW from the previous session. The report held the first condition estimate for both corn...