Paris rapeseed futures were hit pretty hard last night. After gaining over ten euros in the last couple of sessions that and a little more taken back last night. The nearby May contract shed E11.25 / tonne. Taking the move higher in the AUD unto account the fall in Euros is roughly equivalent to -AUD$21.88 here today. Winnipeg was not hit as hard but did close in the red. The nearby canola contract there shedding just C$0.60, but the AUD was up sharply against the CAD, thus the conversion blew out to a day to day decline of roughly AUD$4.03 / tonne.
New crop moves at Paris, Feb 24, rapeseed was not hit as hard as the nearby, but did slip E7.50. Winnipeg for the Jan25 contract fell C$1.30.
Good rainfall across most of the east Australian wheat belt should help build the soil moisture profile. Although the rain is too early for most producers to sow wheat or canola in the south it will get central and northern NSW and QLD winter crops off to a start, depending on the final volume, by next week.

Tunisia picked up 100kt of durum overnight. The lowest price being from Viterra at US$383.93 C&F. The highest price on offer was US$393.29 C&F. These values are much lower than their Feb 7th tender, booked at US$414.68 C&F. The latest numbers convert back to something close to AUD$410 ex farm LPP, comparable to the latest French values but under current Canadian values.

The Indian government has asked local and international traders to refrain from buying local wheat stocks from farmers until the government has purchased their demands from the farmer. The Indian gov is keen to increase their reserves after stocks fell last year. India banned wheat exports last year after dry weather reduced quantity. This year is currently projected to be a new record, so stocks should be replenished. India, like China, tend to predict big wheat crops often only to then become importers. Looking at World Ag Weather and the 90 day rainfall for India, it was a little drier than average.