Wheat following a well-worn path
If you look in the dictionary, the definition of a rut is a ‘habit or behaviour that has become dull and unproductive but is hard
If you look in the dictionary, the definition of a rut is a ‘habit or behaviour that has become dull and unproductive but is hard
Harvest is either going or rapidly approaching in many cropping zones at the moment. With harvest comes selling, or at least much greater interest in
Wheat has risen off the canvas, taken a standing eight and launched into a counter-punch. Having touched 540c/bu a couple of weeks ago, the CBOT
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
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