The Aussie dollar is sharply lower this morning, back 1.32%. Talk of higher interest rates in the USA, the current inflation rate and low employment rate all key reasons to why they feel the need to grind the economy back into the dirt. When you do nothing but print...

What a week for Chicago wheat futures, the now expired March contract starting the week at 1425.25c/bu (AUD$709.98) and falling to 1073.75c/bu (AUD$535.61) on Thursday and then finally finding, hopefully, a floor and rallying 16.25c/bu (AUD$8.10) last night. Although the Dec22 slot was not as volatile it too did...

Continued profit taking in US wheat drives futures values sharply lower. This was not the case for corn and soybean futures at Chicago. Both corn and beans enjoyed a little fundamental support from the USDA WASDE report and continued speculation of improved US exports of both grains. China continues...

To be honest I wasn’t as interested in what the USDA monthly World Ag Supply and Demand Estimates reports had in it as what I usually am. I mean how does any report with 30 day old data compete with the last couple of weeks. Some highlights of the...

Chicago wheat futures closed sharply higher again overnight, this is indeed something historical we are watching. The March contract, although now very low in volume, settled at 1425.25c/bu. A price most US producers would be happy to get for their soybeans year in year out. The May22 slot for...

RIP Warnie and Rod Marsh, what a sad day for Australian cricket, two of the game’s biggest legends gone. I can hear Richie, recapping their glorious innings. US SRWW wheat futures at Chicago were limit up again overnight. The May22 slot closing at 1209c/bu (AUD$602/t). The March22 contract isn’t...

How would you like to be short a few thousand March 22 Chicago SRWW futures contracts this morning. A 235c/bu move higher might take the edge off the morning coffee (heroin maybe). Short and caught, so this is how grain futures converge with the cash market, mmmm yes, OK,...

See on the wheat barometer chart, the one on the daily bid sheets in the afternoon. The little green slice, that is how long US futures spends in the top 30% of historical prices. We are currently in the top 5% of prices. The chart would tell you these...

The supply and demand tables are a very live document at present. Black Sea restrictions could, in a worse-case scenario, create severe market shortages compared to supply on current stock estimates . In other words, if there are no further Ukraine / Russian exports of wheat prior to new...

Was it Einstein who said every action has an equal but opposite reaction. It appears the laws of physics may also be able to be applied to grain futures markets after last night’s demise of US grain futures. Wheat futures at Chicago were crushed as the punters took profit....