top of page

Grain Report Friday - 03rd March



Our goal is to help growers and their agents determine the selling price for their grain by providing relevant price discovery each day. Check out the moves in overnight international markets and yesterday's actual traded prices across Australia. There's also market commentary giving context and comparisons to prices of international physical markets. If you need to change your offer price, simply edit it before market open.


What price do you want for your grain?

Chart including Wheat CBOT prices, Wheat Black Sea prices, Canola ICE prices and Canola MATIF prices

Grain trade prices for Australia Grain (wheat, barley, Sorghum, Lupins, Canola, Faba Beans, Oats, Chickpeas and lentils)

Look Out!

  • Wheat and beans up last night and corn slightly softer.

  • No new news in the market overnight, apart from the Black Sea corridor.

  • World markets have all softened over the last few weeks, apart from Australia, which softened in January, but held firm over February.

  • WA APW1 is quoted at USD $333 per tonne FOB or $460 FIS WA and $430 Track East Coast.

  • Russian and German wheat are quoted around USD $300 FOB (free on board)

  • French wheat has fallen out of bed and is now quoted at USD $287 FOB. It was USD $302 last week and USD $322 on the 16th of Feb. That’s off USD $35 in 2 weeks.


  • What is interesting, is the 30-day forecast for France and Europe is dry.

  • I think the Frogs are throwing the croissant out with the l’eau du bain (look it up). They don’t need to drop their strides with Russian still at USD $300.

  • But the world market sky is falling on our heads.

  • As we saw with the Thai purchase of feed wheat this week, the bottom of our market is at $440 FIS WA and AUD $420 Track East Coast (for ASW of SFW wheat).


  • Corn is being sold into Asia at USD $328 C&F (cost & freight), which is about the same as Aussie Feed wheat. If things start to go pear shaped with that late planted Brazilian second (Safrinha) corn crop, then hang onto your hats as corn rallies and markets look for more Aussie feed wheat.

  • Also, whilst discussing things going pear shaped, things are still heating up like a curry in India. Watch this space and hold onto your boats.

  • I was listening to a bloke on the radio complaining about Jetstar and trying to get his money back from a cancelled flight and all the “rigmarole” he would have to go through.

  • What a brilliant word; rigmarole.


  • Marketing your own grain to numerous buyers, ringing them, checking their websites, ringing the plumber next door to see what the market is doing and then going to the pub to get the low down, not really knowing what to do? Who has the best bid in the market? Do they pay?

  • Chasing bids and going through a whole heap of rigmarole to find the best bid is the old school way.

  • Tuck that little ripper word away for a rainy day; for when you need to fill out a government form or set up the My Gov app on your phone and just list your grain on Clear Grain at the price you want.

  • No rigmarole required.

Most importantly we're always here to help!

Please give us a call or email if you have any questions.


Call 1800 000 410 or Email support@cgx.com.au

17 views0 comments

Comentarios


Do you want to know more?
Subscribe to our newsletter.

Thanks for submitting!

bottom of page