Market Comment
Wheat takes a breather
The wheat market has stalled a little in the past couple of days. The bullish reaction to the Russian export tax story has dulled a
Nick Booth
January 22, 2021
The wheat market has stalled a little in the past couple of days. The bullish reaction to the Russian export tax story has dulled a
The wheat market is in chaos and it is due to political interference more than any fundamental issue. We know that wheat is riding the
The USDA published its assortment of January crop reports earlier in the week, with the World Agriculture Supply & Demand Estimates (WASDE), along with the
The main driver of increasing international wheat prices over the traditionally slow holiday period appears to be the falling US dollar. There has been a
Mecardo’s Percentiles update for December 2020. Click below to view the latest report Grains Oilseeds Sheep and lambs Cattle Wool Dairy Fuel Percentiles are an important
It was raining heavily up and down the east coast on Monday, and the timing was pretty good for most grain growers, with much of
After last week’s WASDE report trimming global wheat stocks, the market felt like it would take a breather. But where there’s smoke there’s fire and
The FAO publishes a set of indices monthly that track the collective fortunes of the global oilseed complex and its derived products. The indexes cover
The December Australian Bureau of Agricultural and Resource Economics (ABARES) Crop Report added fodder for the bears, while the USDA World Agricultural Supply and Demand
Last night was a ‘big data’ night, with all eyes peeled on the USDA’s WASDE (World Agricultural Supply & Demand Estimates) report. It did not
In the vegetable oils complex, the key commodities of palm and soy oil have enjoyed a sustained strong rally over the last six months on
Earlier this week, the December ABARES report made some revisions to Australian wheat production which weighed heavily on the market. Total wheat production is factored
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