Overnight recap before the MATIF open: 

-Iran is in talks with Russia and India to buy of wheat in decent amount.

-A Bloomberg article reported Australian wheat crop may have a 13 to 15% decline from last season since farmers switch to barley and canola. Wheat harvest may drop to 25.7 million tons (versus 29.5 million tons)

-The international tender market is quiet. Japan is tendering for 117,000 tons of milling wheat in its regular tender. A group of private Israeli buyers tendered for 30,000 tons of Corn yesterday. 

FX: Major Commodity Currencies:

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AUDUSD 1.0613 -0.25%

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