The US futures markets concentrated on poor weekly export inspection numbers for wheat, corn and soybeans. The main three grains were all lower by the close bar spring wheat futures at Minneapolis.  Spring wheat actually bucked the trends and closed 6c/bu (AUD$3.10/t) higher on the nearby contract. The extensive flooding in the Dakotas has some punters expecting to see a slight reduction in spring wheat acres as producers struggle to get fields prepared in time for planting.

Canadian cash bids for new crop spring wheat were also a little higher on the day as was cash bids for canola ex farm SW Saskatchewan. Nearby durum values in SW Sask continued to be under pressure but new crop remained flat. New crop canola saw cash market gains of roughly C$2.70 / tonne while ICE canola futures put on C$1.50.

Wheat offers out of the Black Sea were mixed with moves of US$1.00 lower to US$3.00 higher depending on location. US offers out of both the PNW and the Gulf were generally steady. The sharp drop in offer value out of WA appears to be a little excessive compared to moves elsewhere in the international market.
The CME Platts Aussie FOB wheat contract was unchanged nearby but a little firmer on the new crop at US$234.75 for the December slot.