A better weather outlook in the US for those trying to finish the summer crop harvest saw technical selling dominate the US futures markets resulting in a close lower for corn, wheat and soybeans at Chicago.
Warmer, dry weather across the Canadian Prairies should also help those farmers there looking to wind up canola harvest. The better outlook also saw ICE canola futures dip C$5.90 on the January 19 contract.

The world cash markets saw offer values at an FOB level generally firmer. Black Sea wheat offers were up a little to flat while offers off the west coast of Australia were around $5.00 firmer by the close of business. US values moved against the trend in the futures pits and closed the day a little firmer at the Gulf and the PNW terminals.
The firmer close in WA offers may result in increased values FOT east coast Australian port today unless the market is covered in the short term.

Japan are looking for tenders for the supply of 127kt of wheat. Australia is asked to offer on 33kt of ASW for December delivery. The Japanese may be surprised by offer values but low grade wheat from the west coast will slot in well with east coast millers at present.