Facebook Twitter

Daily market wire 26 July 2017

Guest Author, 26 July 2017

Grains futures markets were lower overnight. The weather forecast in Australia has better prospect for showers in northern WA, along with central and western NSW.

Daily market wire 25 July 2017

Guest Author, 25 July 2017

The Saudi Government purchased 900,000 metric tonnes of optional-origin feed barley for September-October shipment, with prices ranging from US$199-$213 cost and freight . These values are significantly lower than Australian replacement, but supportive of prices in Europe and the Black Sea.

Daily market wire 24 July 2017

Guest Author, 24 July 2017

The Aussie forecast continues to disappoint everywhere but Victoria. Western Australia is getting some reasonable southern showers, but the forecast for NSW holds nothing for the crop in the coming week.

Daily market wire 21 July 2017

Guest Author, 21 July 2017

It’s ground hog day for the Aussie weather forecast, with no significant changes. NSW needs some decent rainfall soon or we will see basis again move higher.

Daily market wire 20 July 2017

Guest Author, 20 July 2017

Kansas and Chicago wheat markets were a little lower overnight, other markets were firmer. Australia’s weather outlook is patchy and yield forecast likely to be trimmed again.

Daily market wire 19 July 2017

Guest Author, 19 July 2017

Kansas and Chicago wheat markets were a little lower overnight, other markets were firmer. Australia’s weather outlook is patchy and yield forecast likely to be trimmed again.

Daily market wire 18 July 2017

Grain Central, 18 July 2017

Aussie basis is continuing to show strength in new crop, with limited grower liquidity, the market is hard to define and easy to overdo.

Daily market wire 16 July 2017

Guest Author, 17 July 2017

There were relatively small, and mixed, moves in grains futures prices overnight Friday; oilseeds futures and the Australian Dollar were stronger. Low pressure systems are influencing rain in the southern tip of the continent, but are not directing rainfall inland.

Daily market wire 13 July 2017

Guest Author, 13 July 2017

Central and Northern WA, Western SA and Southern and Northern NSW need to see some significant rain, probably in the next two weeks, to prevent national yield revisions.

Daily market wire 12 July 2017

Guest Author, 12 July 2017

Funds are long and going to keep pushing wheat, until their black box tells them not to.