Mixed for grains and lower for oilseeds.

• CBOT wheat down -3.75c to 507.75c,
• Kansas wheat up 0.25c to 492.5c
• Spring wheat down -3.5c to 568c.
• CBOT corn unchanged 373.25c,
• Matif corn down €0.50 to €173,
• Soybeans  down 3.25c to 887.25c
• Winnipeg canola down C$0.70 to $478.50,
• Matif canola down €0.75 to €369.50,
• Dow Jones down -27.59 to 25338.84,
• Crude oil up 2pc to US$51.39,
• AUD up 0.2pc to $0.731,
• CAD down 0.1pc to $0.752,
• EUR up 0.2pc to $1.138.

Wheat

Wheat ran into some selling in SRW finishing with mild losses, while HRW managed to stay in the green. Weekly exports were disappointing at 377,000t. Implied volatility in March SRW went out at 19.75pc. Matif wheat was down €1.25/t to €201/t, Black Sea Wheat was down $1/t to $244.25/t and the Ruble was up 1.29pc to 0.015. Cash prices in the Black Sea are declining due to phyto issues and paper long liquidation.

Corn

Corn futures finished trading a 1c/bu range, with dismal volume. Weekly exports were better than expected coming in at 1.2 million tonnes vs. market ideas of 650,000t.

Soybeans

Soybeans finished with mild losses, 7c/bu off their highs in a quiet session ahead of the Trump Xi meeting over the weekend. Soybean meal was down US$-1.1 and Soy oil was down -0.079 points. US exports came in at 628,000t for the week.

Australia

Aussie cash markets remain supported on the east coast, with farmer selling very limited. WA faced some pressure with ideas for the barley crop there increasing. Weather wise 15-20 mm is forecast for parts of central Queensland which may provide some assistance for the sorghum crop there.

Source: Lachstock Consulting