In the US we see corn flat, wheat generally drifted lower while soybean futures rallied a few cents a bushel.
It still amazes me how a product like corn at Chicago can see a daily volume of 193,483 contracts, that’s 24mt, trade a 1.75c/bu range in a day and close the session out unchanged.
With no bad news in regards to wheat production or supply CME wheat futures took the path of least resistance, lower, following the trend set in the previous session. The slow pace of exports from the major global suppliers is weighing on wheat prices currently.

ASW wheat off the west coast of Australia works into the east coast of Australia and not too many other destinations at current values. With a large volume of WA exports expected to be towards the east coast this is not having a huge impact on the value of grain into Asia as yet though as the exporter of WA wheat is simply waiting for east coast demand to turn around after initial harvest purchases of west coast grain swamped east coast demand. ASW is offered FOB WA as low as US$258 / tonne.

Algeria picked up 600kt of French milling wheat during the week with an average price of US$247 CFR. This is expected to be for product around the 11% mark and compared to recent FOB offers from France around the US$230 mark signally a week on week decline of roughly US$3.50 / tonne.