Markets

Daily Market Wire 31 December 2021

Lachstock Consulting, December 31, 2021

Most markets closed at least 1pc lower. Soybeans fell more than 2pc.

  • Chicago wheat March contract down US8 cents per bushel to 779.75c/bu;
  • Kansas wheat March contract down 11.75c/bu to 812.75c/bu;
  • Minneapolis wheat March down 17.5c/bu to 991.5c/bu;
  • MATIF wheat March contract down €2.25/t to €280;
  • Corn March contract down 9.5c/bu to 596c/bu;
  • Soybeans March contract down 30.25c/bu to 1338.5c/bu
  • Winnipeg canola March 2022 contract down C$3.50/t to $1018.90/t;
  • MATIF rapeseed February 2022 contract was down €7.75/t to €761.50/t;
  • ASX wheat January 2022 down $6/t to $355/t;
  • ASX wheat January 2023 down $6.50/t to $367.50/t.

International

Australia

Local markets were quiet again with a lack of bids across the east coast boards. We saw South Australian wheat bids firm a fraction over the day on the cash boards, with APW1 going through at $390/t Adelaide for small volume while Port Lincoln port zone continues to trade at a $10-11/t premium.

The Western Districts’ wheat harvest has kicked off with reports of another impressive season of high yielding red wheat crops; growers through the region will get a solid run at harvest over the next 3-4 days.

We have started to see some precipitation build into the 8-day BOM forecast with southern NSW and Victoria forecast to receive 10-20mm; this will hold things up towards the middle to back end of next week through the western parts of Victoria.

Have a safe and happy New Year may the 2022 season bring plenty of joy again to growers and grain markets.

 

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Your email address will not be published.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Contributions that contravene our Comments Policy will not be published.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!