Profarmer Australia Market Wrap
Nov 1, 2026 · 1 min · 2 segments
Grain Comments 02.11.2026 by Bendigo Bank Agribusiness Insights
Australian wheat and barley were mixed across port zones on Friday while canola lifted.
Looking at international markets, Chicago wheat is slightly lower under the downward pressure of large global stocks and spillover weakness from the broader grain sector.
Corn futures ended lower as favourable harvest progress outweighed upward support from rising crude oil, which has hit a six-month high in prices.
Soybeans were relatively flat despite the announcement of two large private sales as rapid harvesting continues to apply downward pressure.
Iced canola snapped a multi-session losing streak, finding support from the spike in crude oil.
Seabot December 26 wheat is down $0.10 per tonne to $315.
Iced January 27 canola is up $5.97 per tonne to $802.
Australian wheat and barley were mixed across port zones on Friday while canola lifted.
Looking at international markets, Chicago wheat is slightly lower under the downward pressure of large global stocks and spillover weakness from the broader grain sector.
Corn futures ended lower as favourable harvest progress outweighed upward support from rising crude oil, which has hit a six-month high in prices.
Soybeans were relatively flat despite the announcement of two large private sales as rapid harvesting continues to apply downward pressure.
Iced canola snapped a multi-session losing streak, finding support from the spike in crude oil.
Seabot December 26 wheat is down $0.10 per tonne to $315.
Iced January 27 canola is up $5.97 per tonne to $802.
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