US wheat futures at Chicago followed soybean futures higher. Soybeans were the standout in last night’s session climbing 19.25c/bu (AUD$12.20/t) on the nearby contract and 12.25c/bu in the new crop.  Wheat was a little more sedate climbing about AUD$2.69 / tonne but is being out done by the increase...

The bottom pickers were out in force last night. Grains in US futures rallied nicely but the stand out must have been crude oil which put on 24% placing it back above US$25.00 / barrel…lol. Useless info time, a barrel of oil will make about 68 litres of petrol....

57.93 US cents per dollar, that’s what the screen said when I opened it this morning. The session low came in at 57.25. The Aussie dollar crashed against all the majors bar the Sterling. It accounts for a AUD$8.69 worth of movement in canola and about AUD$9.66 worth of...

The bottom pickers trolled the US wheat pit last night resulting in some much needed upside by the close in HRW. Technically SRWW at Chicago is oversold and has been for most of March. It’s just been one thing after another pushing punters to short wheat but fundamentally wheat...

US grain futures, except spring wheat, were sharply lower overnight. Soybeans lead the row crops lower shedding 27c/bu (AUD$16.20) on the nearby contract. New crop corn faired a little better, increasing soybeans supplies from S.America continue to hurt US prospects. The bulk of the weakness continues to be spill...

The AUD was slaughtered again overnight selling off late in the session and dipping as low as 61.29 before fumbling along in the dark and closing at 61.47. There have been official rate cuts in Europe, the US and Britain to help the economic situation. The EU are starting...

US grain futures had no choice but to follow the outside markets lower. There were losses in corn, soybeans and soft wheat contracts at Chicago. HRW futures and spring wheat hung on a little better but still finished in the red. Weather across the USA and much of Europe...

US grain futures pushed lower with nearby spring wheat at Minneapolis slipping below 500c/bu for the first time since late November. In 2019 MGEX nearby wheat spent a few weeks under 500c dropping to a low of 466c/bu on the 3rd of September. Looking back at 2019, 2018, 2107...

A quick look at the USDA WASDE report that came out last night. Projected world wheat ending stocks were reduced a tad from 288.03mt to 287.14mt. They reduced Aussie production from 15.6 to 15.2mt and also reduced exports from Australia by 200kt, thus ending stocks slipped to 4.01mt, still...

We have a USDA report due out tonight but one can’t help but think it may be overlooked somewhat considering the commotion in outside financial and energy markets. US weekly wheat export inspections were back week on week but cumulative sales are still keeping ahead of the required pace...