Mixed for grains and lower for oilseeds.
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 $244.25/t and the Ruble was up 1.29pc to 0.015. Cash prices in the Black Sea are declining due to phyto issues and paper long liquidation.
Corn futures finished trading a 1c/bu range, with dismal volume. Weekly exports were better than expected coming in at 1.2 million tonnes vs. market ideas of 650,000t.
Soybeans finished with mild losses, 7c/bu off their highs in a quiet session ahead of the Trump Xi meeting over the weekend. Soybean meal was down US$-1.1 and Soy oil was down -0.079 points. US exports came in at 628,000t for the week.
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