It’s a strange world out there at present, skimming through headlines is simply an exercise in futility. Today I can look at an analyst report and see one story about Brazil increasing wheat production so as to become a net exporter. While on the same page there’s also a...

As the USA cranks up their summer crop planting program for spring wheat, corn and soybeans. The current supply chain and pricing issues around fertilizer, spare parts and chemical supply has a few of the analyst wondering if the US will actually achieve the projected areas sown as suggested...

US wheat futures continue to push higher. Yesterday we saw the first of the weekly US crop progress reports for the 2022 season. Wheat condition across the HRW state of Kansas took a few by surprise. The ratings of 32% Good to Excellent was a little low, 30% of...

Saudi Arabia confirmed the purchase of 625kt of milling wheat yesterday. With an average price of US$422.47 / tonne C&F it is well above the last tender which averaged US$57.33 per tonne lower at US$365.14. The 12.5% hard milling wheat is scheduled for arrival between September and November. There...

Just a thought on US corn acres, they are down, or will be according to the USDA report on Thursday. This prompted a move higher in futures on Thursday which was countered last night with some downside, leaving corn futures at Chicago lower week on week. In the US...

The USDA prospective plantings report, although a little predictable, did have an impact on US futures overnight. As expected by many the high cost of inputs for corn will result in some acreage swapping to soybeans, a crop that is a little cheaper to grow than corn and is...

There is so much information coming from so many different directions at present it is very hard to glue it all together to determine a plausible outcome relating to grain production, consumption and ultimately price direction. Demand destruction due to price increases, area adjustments due to drought, flood, and...

India booked 45kt of sunflower oil with Russia overnight at a new record price of US$2150/t. This represents a rally in Black Sea values of $520 over values prior to the Ukraine / Russia war. The purchase was delayed as India determined the spread of sanctions against Russia.  Indian...

Both US and European wheat futures pushed lower overnight. Nearby milling wheat at Paris some E11.50 lower (AUD$16.86). Outer months at Paris were not as hard hit but still fell away E8.50 in the December slot. US futures were lower across all three exchanged. The weaker AUD countering the...

US wheat futures appear to be trying to find a base around these numbers. Selling moves higher and buying moves lower. The key is still speculation about increased demand for US wheat from those usually reliant on Black Sea wheat exports like Egypt and the Middle East. I find...