We have a USDA World Ag Supply and Demand Estimates report due out tonight. The trade have mixed views on what this report will hold. Some expecting to see the USDA reduce US exports, increasing 2025 wheat carry out. Some expect to see little change. Funds are long. One...

Algeria picked up approximately 390kt to 420kt of soft wheat during the week. Numbers are estimates for price and volume, due to Algeria not actually confirming their trade data. The trade had expected to see volume closer to 650kt, so 420kt was a little bearish to the market. Prices...

US futures continue to hand back value, hard red wheat shedding 21c/bu (AUD$10.69/t) overnight. Many punters may argue that this is against the majority of fundamental signals, and that’s hard to deny. There are few that can stand in the way of fund manager with a sell order and...

International grain markets were generally lower. Both cash and futures shedding value on the back of outside pressure, mainly from crude oil. WTI crude shed US$7.19/b in the June slot, Brent fell US$8.60/b. This had a significant pull on the oilseed market, with both Winnipeg canola futures and Paris...

US and Canadian cash wheat values out of the Pacific Northwest were lower overnight when compared to the previous days conversions to AUD / tonne equivalent. Down roughly AUD$2.00 to AUD$4.00 per tonne, the US product lead global wheat value lower, French, Russian and Argentine values all slipped lower...

It’s Tuesday, US weekly crop progress report time. US corn sowing is underway with 38% of the crop now in the ground. Southern states are making some very good progress but generally the whole crops is going in very quickly, even though the central corn belt has seen falls...

US futures markets were generally sideways to a little firmer. London feed wheat was softer, as was Paris milling wheat. Which shed E3.25/t in the December slot, Paris corn and rapeseed both closed lower in the last session of the week. US and Canadian cash wheat values out of...

The price of Argentine sorghum has been volatile this week. Varying up to US$20.00 / t on some days. Last night was one of those days. Conversion comparison between up river rates on Wednesday and Thursday, and taking the AUD into account, show a day to day gain of...

US hard red winter wheat futures have settled above 700cbu from the July slot through to the May 2028 contract now. Dec26 closed at 736.75c/bu. The last time we saw the nearby close at the Dec level for HRWW was back in late September 2023. Values had pushed above...

US wheat futures moved sharply higher overnight on the back of the same fundamental news as it has been reading for more than week now. This leaves quiet a few analyst thinking this is another play by managed money, getting long wheat again. We have seen this in the...