Overnight Grains

The overnight grains are slightly firmer this morning, with beans around 6c higher and wheat and corn both 1-2c firmer.

Asian stock markets are up after their US counterparts gained the most in a month last night, as 230 point rally in the Dow lifted trader’s spirits.

Crude oil is a little firmer too, back up above $40/barrel, ahead of Energy Dept stocks data due later today.

No news came out of the Argy farmers meeting with the government who re-iterated their "the lady's not for turning" stance on export taxes.

US wheat crops face very dry conditions as they emerge from winter dormancy, and the forecast isn't for much relief anytime soon.

Conditions appear to have improved in China, especially in the south where around a third of their wheat crop is grown.