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Grain Report Friday - 11th August

Market Almost Open - CGX daily report

What price do you want for your grain?

Overnight moves in international markets and yesterday's actual traded prices across Australia are below to help you determine your price. If you need to change your offer price, simply edit it before market open.

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)

Dominic Hogan Outlook commodities comments

Look Out!

  • Markets were as exciting as watching a soccer match that doesn’t involve the Matildas playing.

  • The funds are positioning themselves before tonight’s USDA World Supply and demand guess; it's like moving chips around a roulette table before the dealer launches the ball and calls last bets, please.

  • And everyone watches nervously as the USDA ball lands on Corn Yield at 176 bushels per acre and the dealer wipes all the chips off the table as everyone had their money on 175 bushels per acre.

  • Corn seems to be a done deal now with a large Brazilian crop just harvested and the US crop not suffering too much from the original dryish start and hot weather.

  • I think we can take our focus off that now until next year’s South American crops, and we will all get excited again in February and March.

  • The market is telling us there is nothing to see with a CME wheat corn spread for DEC at 168 cents a bushel.

  • I wonder if the USDA will reduce the Aussie, EU and Canadian wheat crops.

  • I doubt they will add imports to India for wheat.

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