Rural Press has received reports from various marketers that there have been strong sales of wheat across the world, with buyers looking to make the most of current low values.

Of this, it is rumoured there have been around 200,000 tonnes of Australian wheat sold to south-east Asia, while Black Sea producers such as Kazakhstan are said to have made some big sales into the Middle East.

Australian cash wheat prices are generally sitting around $200/t port in the export dominated markets, with domestic premiums existing in New South Wales and Queensland.

International marketers continue to take advantage of the low values, fuelled by reports of growing crops, with the US Department of Agriculture talking up a massive corn crop, and South America on track for a huge soybean harvest.

In oilseeds, all eyes continue to focus on China, and whether it lifts its ban on Australian and Canadian canola, due to concerns regarding blackleg.

ProFarmer reported Canada has done sales to Pakistan and that Chinese crushers are itchy to get at the lower values currently on offer.

Locally, reports from local traders are that some grain is starting to come out of warehousing, with farmers concerned about declining values deciding to take the prices currently on offer.

On the futures exchanges, there was a feeble rally on the Chicago Board of Trade March 10 futures on Monday, one of only a couple of days of gains since the slide began in early to mid January.

March 10 futures were trading at US476.2 cents a bushel on Tuesday afternoon.