The WASDE report was considered underwhelming by the majority of the trade. The lack of expected adjustments rippled through the market as negativity and resulted in sharp falls in both wheat and corn futures. Soybeans saw a little upside...

The pressure remained on US corn futures with a new contract low for December being set at US$3.84 3/4 per bushel, that’s about AUD$210 /t to you and me. There is continued talk of a big US corn crop...

US wheat futures closed higher with good gains in the December contracts. Soft wheat, hard wheat and spring wheat futures all had gains of over 10c /bu by the close. December soft wheat had a week on week change...