Profarmer Australia Market Wrap
Oct 27, 2026 · 1 min · 2 segments
Grain Comments 28.10.2026 by Bendigo Bank Agribusiness Insights
Australian wheat and barley markets were generally lower on Tuesday while canola lifted.
Looking at international markets, US wheat futures continued their losses as technical selling and weak export demand added downward pressure, despite steady planting progress.
Corn futures fell to near their lowest point in more than two months, with spillover from soybeans and advancing harvest progress, now at 60% complete, adding downward pressure.
Soybean futures finished lower as harvest progress beat the previous five-year average, adding seasonal supply pressure.
Ice canola futures soften from lower crude oil, physical harvest pressure and technical fund liquidation.
Seabot December 26 wheat are down $3.51 per tonne to $319.
Ice November canola are down $7.10 per tonne to $786.
Australian wheat and barley markets were generally lower on Tuesday while canola lifted.
Looking at international markets, US wheat futures continued their losses as technical selling and weak export demand added downward pressure, despite steady planting progress.
Corn futures fell to near their lowest point in more than two months, with spillover from soybeans and advancing harvest progress, now at 60% complete, adding downward pressure.
Soybean futures finished lower as harvest progress beat the previous five-year average, adding seasonal supply pressure.
Ice canola futures soften from lower crude oil, physical harvest pressure and technical fund liquidation.
Seabot December 26 wheat are down $3.51 per tonne to $319.
Ice November canola are down $7.10 per tonne to $786.
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