- Brussels has issued weekly wheat export certificates totalling 455,784 mt, which brings the season total to 5.95 million mt. This is 1.35 million mt (29.3%) ahead of last year. Barley exports for the week reached 71,672 mt, which brings the season total to 1.09 million mt, which is 2.09 million mt (65.7)% behind last year.
- US export data was released as follows:
- Chicago has seen mixed trade with the grains and soybeans trading in opposite directions. Soybeans picked up a bid whilst the grains sank on fresh fund related selling. Buyers remain reluctant to chase the rally with harvest immediately ahead whilst farmer sellers are reluctant to sell at current levels – stalemate and choppy, rangebound trade anyone? Yield data and buyer aggression will determine if, and by how much a rally develops in October, and we are still of the opinion that a low has been (or will be) formed during September.