• Markets reopened last night with mixed and mostly small moves on the grain side – Chicago wheat ended off a quarter cent at 594¢, KC up three quarters to 531 1/4¢, Minny up a cent and a half to 544 1/4¢, and Matif up two euros there to 202.75€.  Corn was up two and a quarter while beans bounced just over a dime to 1044¢ – making back about a third of Monday’s losses (Winnipeg was off $2, Matif up three).
• Cancellations of coronavirus vaccine trials have spooked some worries in macro markets, with questions raised (once again) about economic recovery potentials and risks as cases surge globally again.
• The USDA flashed a new corn export sale – 110,000t to Mexico.
• Weekly inspections were generally positive with beans at 2.1 million tonnes versus ideas under 2, corn at 632,000t was on the low end of ideas and wheat at 514,000t included three boats to China.
• Weather maps continue to trend generally better across the world – moisture on the forecasts in bean areas of South America, some ideas about possible rains on the deferred maps in the US southern Great Plains, and chances of moisture along the Volga River valley as planting moves towards completion in Russia.  All forecasts are still to be realized, but they boost optimism in markets about crops and potentials.
• Crop progress figures in the US saw corn harvest up to 41pc, bean harvest 61pc, and winter wheat planting at 68pc. No major surprises there.

Australia