US wheat futures were flat to softer. The weakness in HRWW and spring wheat futures were not reflected in cash values out of the Pacific Northwest. In fact when converting PNW values to AUD per tonne prices there are roughly AUD$3.00 to AUD$5.00 higher apart from white wheat, which was just a dollar per tonne higher.
The big loser was soybeans. Chicago futures shed 21.5c/bu on the nearby contract. The weakness in beans flowed through to Winnipeg canola futures but not into Paris rapeseed futures. In fact Paris rapeseed closed higher by roughly AUD$11.26 per tonne when taking day to day currency changes into account. Winnipeg was roughly AUD$6.72 lower day to day, when taking currency into consideration.

Egypt booked French and Russian wheat overnight. The single boat load of French wheat was booked at US$284.50 C&F, US0.70c/tonne less than the cheapest Russian wheat in the tender, US$285.20. There was also a single Russian load booked at US$286.15 C&F.
Interesting to see the freight rate used from France to Russia was also back from previous estimates of US$28, to US$22. Maybe there’s some competition creeping in for business that avoids Suez and Panama canals at present. Some sources had been suggesting France > Egypt was worth as much as US$34.00 per tonne. The inclusion of French wheat in a tender where Russian prices were unchanged from the previous tender is encouraging for EU exports that have become a little slow. The Paris milling wheat futures contract showed little interest in the physical market, but did manage to close E2.00 higher on the nearby, while outer months moved just E0.25 either side of unchanged.
Tunisia picked up two boats of durum at US$444.89 & US$446.89. On the back of an envelope roughly comparable to AUD$505 XF LPP.