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Grain Report Friday - 12th April

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!

  • Well Biden His Time paid the right number crunchers to manipulate the World Supply and Demand guess and not add to inflation.

  • Earlier in the week he also announced he would drop interest rates before the end of the year, another vote winner.

  • For the wheat balance sheet, there were no real changes with world ending stocks off by 600,000 mt tonnes to 258.27 million tonnes.

  • World wheat production remained slightly lower, demand and exports slightly higher, which at the end of the day is bullish, but last night’s report wasn’t about wheat, it was about their country bumpkin cousin corn.

  • The Yanks still refuse to see the burning building in the South American corn crops and only dropped the Argie corn crop by 1 million tonnes to 55 million tonnes, when every other number cruncher has adjusted it to 50 million tonnes after some bug has eaten 5 million tonnes of the cob.

  • They also.......

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