Profarmer Australia Market Wrap
Nov 3, 2026 · 1 min · 2 segments
Grain Comments 04.11.2026 by Bendigo Bank Agribusiness Insights
Australian wheat and barley markets were mixed on Tuesday, while canola prices were softer across the port zones.
Looking at international markets, US wheat futures resumed their downward trajectory on the back of technical selling.
US corn futures softened facing pressure from solid domestic supply expectations, with losses limited by the announcement of two large export sales.
Chicago soybean futures eased as traders focused on harvest pressure rather than further Chinese purchases.
And ice canola futures decreased on the back of spillover pressure from comparable oil seeds.
Seabot December 26th wheat was down two Australian dollars per tonne to $316 per tonne.
Ice January 27th canola was down three Australian dollars per tonne to $802 per tonne.
And Mattia February 27th canola was down eight Australian dollars per tonne to $865 per tonne.
Australian wheat and barley markets were mixed on Tuesday, while canola prices were softer across the port zones.
Looking at international markets, US wheat futures resumed their downward trajectory on the back of technical selling.
US corn futures softened facing pressure from solid domestic supply expectations, with losses limited by the announcement of two large export sales.
Chicago soybean futures eased as traders focused on harvest pressure rather than further Chinese purchases.
And ice canola futures decreased on the back of spillover pressure from comparable oil seeds.
Seabot December 26th wheat was down two Australian dollars per tonne to $316 per tonne.
Ice January 27th canola was down three Australian dollars per tonne to $802 per tonne.
And Mattia February 27th canola was down eight Australian dollars per tonne to $865 per tonne.
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