Market Comment
Wheat finds its feet
Wheat is doing something highly unusual. It is going up. Having withered on the vine for the best part of 12 months, wheat has finally
Nick Booth
December 8, 2023
Wheat is doing something highly unusual. It is going up. Having withered on the vine for the best part of 12 months, wheat has finally
This year has been one of relatively consistent price declines for grain and oilseed markets. Coming out of a season where we reached record levels
Did Australian weather just move the market’s needle? After weeks of the market edging lower and lower (we hit multi-year lows earlier this week with
2023 Winter crop harvest has stalled with rainfall on the East Coast dampening progress. There is still plenty of grain and oilseed to still come
The wheat market hit multi-month lows this week after continued pressure from cheap Black Sea supplies and relief in the form of rain across parched
If you’re reading this, you’re interested in grain prices, and as such, you’ll likely have seen the weather forecast for the coming week. With rain
After such a bright start to the week, the wheat market has again given way to bad habits. The precursor to the leg-up was ongoing
The United States Department of Agriculture (USDA) World Agricultural Supply and Demand Estimates (WASDE) Report was released late last week. There was little movement in
In the last week or so, the long-term downtrend had been bucked somewhat. There had been observations that the Russian export pace was slowing down,
Harvest is off to a flyer this year. Graincorp has already produced three harvest updates, with the latest released on Monday. Last year the first
Immediately after the invasion of Ukraine, we saw and became accustomed to a huge-ly volatile market, where wheat was jumping at shadows and anything that
The United States Department of Agriculture (USDA) has an easily accessible database for all things Agricultural production. This week we pulled out the data on
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