AWB market update
Wheat finished up at the close overnight. Strong demand more recently from Brazil along with a weakening US dollar contributed to this. The USDA is back online, althougha 'Supply and Demand' report will have to wait until November 8th. Tenders out of Tunisia and Libya are also contributors.
Chicago wheat for December 2013 is 4 ¼ cents higher at 686 US cents a bushel.
Corn finished marginally higher overnight. Supporting corn were the unknowns on the demand of corn along with continuing high yields in the US, as well asexpectations for Argentina's plantings to be unchanged from last year. While the US dollar impacted on the other grains, it had little to no effect on the corn market which pulledback a bit.
Chicago corn for December 2013 is ¼ of a cent higher at 443 US cents a bushel.
Winnepeg canola was steady throughout the day but market activity increased late and eventually finished lower at the close. Rallying for canola is the large Canadian harvest which is now nearing completion.
Winnipeg canola for November is $2.00 lower at C$481.70 per tonne.
The Australian dollar is currently trading at 0.9637 US cents.
Get the latest news from thewest.com.au in your inbox.
Sign up for our emails