Grain comments 26.10.2026

Australian grain markets were mixed on Friday, with bids mostly easing for wheat, steady for barley and higher for canola.

Looking at the international markets, US wheat futures were broadly steady as technical selling outweighed any support from conflict in the Black Sea.

US corn futures continue to decrease as harvest progresses further and technical selling is spurred on.

Chicago soybean futures modestly rose from technical buying in response to recent sales to China, and ice canola futures found some support from the rise in crude oil prices while the Canadian harvest nears completion.

Seabot December 26 wheat was down 66 cents to $326 per tonne.

Ice November 26 canola was down $0.30 to $791 Australian dollars per tonne.

And Matif November 26 canola was up $19.46 to $815 per tonne.