To provide an update on the grains market these days you almost need to be a foreign correspondent. There are so many influences from around the globe combining to form a picture of the current market and its future direction. So strap yourself in for a trip around global grain markets.

The past week has provided much of the same with small isolated falls up to 5mm occurring across SNSW. Across the border into Vic and we see much more favourable conditions. However, it goes without saying, much of the east coast crop is in a rainfall deficit and will be heavily reliant on a kind spring in order to bring grain to head and fill the bins. 

While the dry continues in Northern NSW and QLD, Central NSW is increasingly feeling the pinch following disappointingly light and patchy rainfall. However, prospects are firming in the southern part of the state with some areas only one good fall away from a firm production outlook.

Talk about droughts and flooding rains. In the US, weather continues to play havoc, delaying planting of the corn crops and causing flooding of wheat fields. Here in Australia, areas of the  east coast are looking down the barrel of a third year of below par winter crop rainfall.

In our part of the world, follow up rain is badly needed but on the other side of the globe, too much rain is rattling markets.