The US grain market gets plenty of attention usually, however in recent times it is the clearly dominant story, and for good reason. Politics is impacting, with a massive export program to China under the Phase 1 deal a big story, we also have the...
Sometimes the hardest thing to do when looking at markets is to decipher the real message from the published message. There is a lot of rhetoric around the China imports and US exports of grain and beans, with polarized stories representing positive and negative positions....
Key Points With harvest underway in parts of the US, the World Agricultural Supply & Demand Estimates (WASDE) report was released last night our time and was met with a neutral response from commentators. Markets confirmed no surprises with a stable response, with the USDA lifting wheat...
Key Points It feels like the Australian grain industry is operating with a sense of calm despite the global chaos regarding China and COVID-19. The cause for this calm in Australia is the rainfall to date or the “seasonal conditions”.Focusing on the domestic front, growers...
Key Points As we head into June, a period of uncertainty looms. Do we see price rises as weather concerns mount, or does a large global crop hamper upside? One thing for sure is that the next two months will be volatile.CBOT wheat futures lost...
The grains industry has been fully focused on barley this week. This is hardly surprising considering the enormity of the impact of the Chinese import tariff. In this week's comment, we will be giving barley a little break. Let’s look at what is happening in...
Key Points The world is slowly creeping out of isolation and there is still a large degree of uncertainty about the road ahead. Will there be a second wave? Will the economy recover? The wheat market, however, does not lack direction, it has got direction and...
Key Points In this week’s market comment we take a look at the new-old crop spread, the discount for barley and the Chinese anti-dumping investigation.At a local level, the new crop ASX lost A$1 during the past week, however, old crop suffered with the spot...
Key Points Sentiment around the country is improving as seeding commences into moist ground across large parts of the nations cropping belt. This weekly comment looks at rain, the ASX new crop – old crop spread and International Grains Council forecasts.The rainfall during April has...
Key Points The extraordinary times continue with crude oil crash into negative territory. In this update, we look at wheat futures (overseas and locally) and a brief discussion on negative crude oil.Wheat futures rose at the start of the week, as concerns mounted of dryness in...