Corn firmed 2 1/2 per cent. Spring wheat was down 1pc and all other markets firmed marginally.
- Chicago wheat September contract up US2.75c/bu to 700.5c;
- Kansas wheat September contract up 8c/bu to 660.25c;
- Minneapolis wheat September contract down 7.75c/bu to 916c;
- MATIF wheat September contract up €1.25/t to €215.50/t;
- Corn September contract was up 15.75c/bu to 571.75c;
- Soybeans September contract up 16.25c/bu to 1399c;
- Winnipeg canola November contract was up C$11/t to $909.10;
- MATIF rapeseed August contract up €2.25/t to €535.25/t;
- US dollar index up 0.2 to 93.0;
- AUD weaker at US$0.733;
- CAD firmer at $1.268;
- EUR weaker at $1.178;
- ASX wheat July contract up $4/t to A$312/t;
- ASX wheat January 2022 up $2/t to $318/t.
Grain markets trended slightly higher overnight with Chicago up 2 3/4¢, KC +8¢, Minny -7 3/4¢, and Matif +1.25€ on the earlier close. Corn was up 15 3/4¢ and beans +16 1/4¢ (Matif +2.25€, Winnipeg +$11). Crude oil has slipped slightly to $66.8 WTI / $69.4 Brent and the DOW bounced up 550 points with airlines leading higher as crude cheapens up and travel reopens globally. The AUD is trading around 73.3¢, the CAD $1.268, and the EUR $1.178.
US Corn Belt .
Local bids on both old and new crop boards had a firm start yesterday. Some grades were bid up A$5-6/t.
Canola is pushing over $800/t site for some parts of the east coast already with the board rally.
Weather maps are holding steady, with the rains still forecast for WA and a fairly widespread forecast later for southern NSW and Victoria.
Source: Lachstock Consulting