Markets closed higher in overnight trading.
- Chicago wheat March contract up US4.25 cents per bushel to 787.75c/bu;
- Kansas wheat March contract up 2.75c/bu to 824.5c/bu;
- Minneapolis wheat March up 9.5c/bu to 1009c/bu;
- MATIF wheat March contract up €1.75/t to €282.25;
- Corn March contract up 0.75c/bu to 605.5c/bu;
- Soybeans March contract up 0.75c/bu to 1368.75c/bu
- Winnipeg canola January 2022 contract up C$48.90/t to $1087.40/t;
- MATIF rapeseed February 2022 contract steady at €769.25/t;
- ASX Jan 2022 wheat contract down A$7.50/t to $361/t.
Local markets were quiet yesterday, with cash bids relatively unchanged. Trade markets were absent, and we saw small parcels of grower selling on wheat and barley. Trading in the ASX east coast wheat contracts for January and March was active over the course of the day.
CBH network hits 20mmt of all grains received for the 21/22 season thus far, with harvest still going in the West
Temperatures are set to rise through South Australia and Victoria for the next two to three days, and we could see some harvest bans across the states because of fire risk.
Source: Lachstock Consulting