US markets were directionless with little new data to consume.
With Canada legalising weed at least they now have another import market to get revenue from, American tourist, who will be the first weed chain café owner along the northern US border.

Weakness in US wheat futures came from technical selling. Maybe the bulls will find some fodder in tonight’s US weekly export data but that might just be optimistic.

Jordan is one the few international trades to report. Picking up 60kt of 11% milling wheat for December delivery at US$263 CFR. The price represents a US$6.00 / tonne increase from the previous tender result. The supply source hasn’t been confirmed but there is speculation it is Black Sea, probably Romanian.

Looking around the world offer values were generally a little softer. Wheat out of WA was sharply lower for the new crop and is now more in line with where recent export business was done. It will be interesting to see exactly where the Japanese tender came in at. Lower west coast values mean lower east coast FOT values, which in turn may see new crop sorghum struggle to firm in NSW and QLD.