Indian chickpea values continue to fall with another drop comparable to about AUD$20 / tonne overnight. This threatens to reduce local values further, potentially as low as $770 delivered upcountry NSW packer today. Increased arrivals from both importers and the Indian local producer has seen demand for chickpeas decrease sharply in recent days leading to speculative money moving out of NCDEX futures thus increasing downward pressure.

US values were generally flat to lower. Corn futures traded sideways as slow weekly US exports lag behind 2016 volume year to date by about 3mt. Even the slow harvest pace in the US is not assisting corn values at present. Normally in November corn harvest would be starting to wind up in many locations but the average guess is only pegging it at 52% complete at present.
The US oilseed market was generally weaker on technical selling. Fundamentally there should continue to be support for canola into most global market moving forward. Good US soybeans sales and exports kept basis level strong as daily futures slipped a little.
Wheat found downward pressure from large global stocks and a mediocre US export pace. Support came in the from of a Saudi tender announcement stating a purchase of 484kt of milling wheat for Dec / Jan.  The purchases were made on a CiF basis with prices ranging from US$221.51 from Cargill to US$229.58 from Holbud Limited.
Durum values in SW Saskatchewan held steady to slightly weaker, trading at C$274 upcountry farm for January pickup.