Market Articles

• Morning Report: China Turns Its Attention South

  12^th March 2010

  Commodity markets took a hit on all fronts yesterday as US export demand dropped off further. China turned its back on a US soybean tender and has headed south to wait in line for the South American crop. The market is so oversupplied with wheat and corn that weather conditions and planting fears... more

• Morning Report: USDA Report; Oilseeds Advance, Grains Retreat

  11^th March 2010

  The USDA supply and demand report has sparked a rally in the oilseed complex with US ending stocks lower than expected. The grain sector took a blow with US wheat stocks at a 22 year high and estimated US export demand down significantly. The report impacted heavily on futures as the market has b... more

• No Joy In USDA Report

  11^th March 2010

  There was little joy in last night's March USDA report with higher stocks the order of the day across coarse grain and cereals. The exception was oilseeds where US stocks were reduced owing to the maintenance of strong demand for US beans in light of harvest delays and logistics issues across... more

• Good Kick Start For Winter Cropping On East Coast

  10^th March 2010

  An average of 148mm was received throughout QLD cropping areas in March. In central Queensland, the Northern Highlands region received an average of 198mm whilst the southern highland received a whopping 279mm. Further south (where it is now flooding), the highest totals were received in the so... more

• Morning Report: Grain Markets On The Backfoot

  10^th March 2010

  The value of grain traded on international futures exchanges came under pressure last night amid bearish market sentiment, weakness in crude oil and a stronger $US. Although many are anticipating the USDA to reduce the size of 2009 crops slightly when it report on Wednesday night (Aust time), fe... more

• Morning Report: Market Waits On USDA Report For Direction

  9^th March 2010

  International oilseed futures experienced a slight bounce in values in trading on Monday night. This was due to technical short covering and fresh support from canola market fundamentals.. Grains were relatively unchanged after a day of choppy trading as the market waits for the USDA supply and d... more

• What Is The Problem With Greece?

  9^th March 2010

  For the past month, the Greek economy has been the talk of financial markets. Concerns over the health of this economy and has triggered a sharp decline in the Euro against other developed market currencies. Recently the $A has hit a record high against the Euro. So what is the problem? Greece s... more

• Morning Report: Lower On Lack Of News

  8^th March 2010

  CBOT May soybeans finished up $US2c/bu to $US9.34c/bu following choppy $US movements and a lack of fresh fundamental direction. The soy complex has experienced a month-long range-bound trend as the market waits on new information from South America’s harvest or US crop planting. The bulk of tra... more

• Will The USDA Move The Corn Needle?

  8^th March 2010

  Following the January Annual Production Summary, USDA announced it would resurvey some states that had a significant amount of corn still in the field for a special 2009 corn crop update on March 10. Almost immediately, traders and crop watchers assumed this pointed down USDA’s national avera... more

• Markets In Transition?

  5^th March 2010

  In light of the recent market advice we published, suggesting a defensive hedging mindset in 2010, it was interesting to ProFarmer Canada's views on the market this week. ProFarmer Canada thinks markets are in transition from 2 years up (2007-08), 2 years down (2008-9) and now 2 years sidewa... more

• Morning Report: Bad News Day For Grains

  5^th March 2010

  International grain markets fell heavily overnight as a list of bad new items hit the market. The catalyst for the declines was strength in the $US on thoughts that European countries would need to keep their interest rates lower for longer than the US. Compounding the impact of a strong $US we... more

• Morning Report: Mixed Results Overnight

  4^th March 2010

  US wheat futures ended with strong gains Wednesday on supportive outside market factors and technically inspired buying. May CBOT wheat ended 11c or 2.23%, higher at $5.16/bu. The sharp drop in the $US provided a psychological boost to prices on perceptions that it increases investor appetite fo... more

• Sth American Early Harvest Results Disappoint

  4^th March 2010

  US ProFarmer has just completed a crop tour of Sth American summer cropping regions and report that production potential in crops across Sth America have peaked and are now going backwards, that said the Brazilian crop will be record large (66mmt - current US Profarmer estmate). The number of co... more

• Sth American Early Harvest Results Disappoint

  4^th March 2010

  US ProFarmer has just completed a crop tour of Sth American summer cropping regions and report that production potential in crops across Sth America have peaked and are now going backwards, that said the Brazilian crop will be record large (66mmt - current US Profarmer estmate). The number of co... more

• Sth American Early Harvest Results Disappoint

  4^th March 2010

  US ProFarmer has just completed a crop tour of Sth American summer cropping regions and report that production potential in crops across Sth America have peaked and are now going backwards, that said the Brazilian crop will be record large (66mmt - current US Profarmer estmate). The number of co... more

• Sth American Early Harvest Results Disappoint

  4^th March 2010

  US ProFarmer has just completed a crop tour of Sth American summer cropping regions and report that production potential in crops across Sth America have peaked and are now going backwards, that said the Brazilian crop will be record large (66mmt - current US Profarmer estmate). The number of co... more

• Afternoon Report: Prices Higher Despite $A

  4^th March 2010

  Grain prices in the local market were mostly higher today bouyed by a strong lead from CBOT wheat futures prices. Prices gains for wheat were in the vicinity of $2-4/t in markets across Australia. The gains in overnight futures were largely driven by outside markets and $US weakness. The lead f... more

• Morning Report: $CA Strength Pressures Canola

  3^rd March 2010

  CBOT May soybeans finished slightly firmer at $US9.63c/bu up $US1c/bu on the back of spread related trading. Tuesday saw soybeans bought and grains sold, which is the reverse of last weeks’ trade. The threat of rain during South America’s harvest is a minor supportive feature, but the predict... more

• Morning Report: End Of Week Gains Lost

  2^nd March 2010

  Wet harvest conditions in Brazil showed support for US soybeans as the two markets compete for buyers. Most of the activity in the soy complex involved buying soil oil and selling soy meal as India’s demand for soy oil rose. CBOT May soybeans finished firmer by $US1c/bu at $US9.62c/bu on the ba... more

• Morning Report: Fresh Fundamental News Bullish

  1^st March 2010

  A weaker $US, firmer crude oil prices and supportive fundamental news sparked a price rise for soybeans on Friday closing up $US9c/bu to $US9.51c/bu. China has purchased 113,000mmt of US soybeans in the 2010/11 marketing year giving trader’s confidence that China has not turned all its attentio... more