Wheat supply and price both trending lower
The latest World Agricultural Supply and Demand Estimates (WASDE) report was released by the United States Department of Agriculture (USDA) last week, and while it
The latest World Agricultural Supply and Demand Estimates (WASDE) report was released by the United States Department of Agriculture (USDA) last week, and while it
Having ticked off ‘three-year lows’ on its bingo list, wheat staged something of a rally overnight. The trouble is, it wasn’t anything of its own
As outlined in Friday’s weekly comment, US wheat currently looks oversold. For wheat and cereal consumers here, that is of little comfort, with local prices
The hits keep coming for the wheat market. Last weekend, the wheat market fell to fresh 3-year lows after the USDA released data showing the
Despite the dry weather continuing, and yield prospects declining, it seems strange that local wheat prices haven’t taken off. There is good reason for this,
The market has tried a number of times to rally on news that the Australian and Argentinean crop is suffering from dry conditions. One side
Canola crop and production will be impacted by a dry spring, but due to geographical spreads and differences in relative demand, it doesn’t get the
Expectations of lower Australian and Argentinean wheat crops have not been enough to stall the drop in CBOT wheat prices. This week, Chicago fell to
Like the winter cropping regions, the summer croppers also benefitted from La Niña over the last few seasons, producing a couple of bumper crops in
Another tough week in the wheat markets. How long and low can they fall? The script reads that a huge Russian stockpile, frenetic export pace,
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) released their September crop report last week. The dry winter across many cropping regions
The market is approaching seasonal lows as the weight of Northern Hemisphere harvest – nearly complete – rides precedent over rumours coming out of Canada,
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