Profarmer Australia Market Wrap
Grain Comments 27.10.26
Oct 26, 2026 · 1 min · 2 segments
Grain Comments 27.10.26 by Bendigo Bank Agribusiness Insights
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Profarmer Australia Market Wrap
Oct 26, 2026 · 1 min · 2 segments
Grain Comments 27.10.26 by Bendigo Bank Agribusiness Insights
Australian wheat and canola markets generally lifted on Monday, while barley was mixed.
Looking at international markets, US wheat futures softened under pressure from ample domestic and global supplies.
Late-day technical selling led to a minor loss for US corn futures, with reports of speculators shedding over 80,000 net long contracts to close the week of 20 October at roughly 145,000.
Ice canola futures edged higher, supported by crude oil recovering half of its early weakness later in the day.
CBOT December 26 wheat was down $3.88 to $3.23 per tonne, Ice November 26 canola was up $2.09 to $793 Australian dollars per tonne.
Australian wheat and canola markets generally lifted on Monday, while barley was mixed.
Looking at international markets, US wheat futures softened under pressure from ample domestic and global supplies.
Late-day technical selling led to a minor loss for US corn futures, with reports of speculators shedding over 80,000 net long contracts to close the week of 20 October at roughly 145,000.
Ice canola futures edged higher, supported by crude oil recovering half of its early weakness later in the day.
CBOT December 26 wheat was down $3.88 to $3.23 per tonne, Ice November 26 canola was up $2.09 to $793 Australian dollars per tonne.
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