Markets

Daily Market Wire 21 July 2021

Lachstock Consulting, July 21, 2021

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.

International

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 .

Australia

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.

 

Grain Central: Get our free daily cropping news straight to your inbox – Click here

HAVE YOUR SAY

Your email address will not be published.

Your comment will not appear until it has been moderated.
Contributions that contravene our Comments Policy will not be published.

Comments

Get Grain Central's news headlines emailed to you -
FREE!