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Grain Report Friday - 14th July

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 all up last night.

  • Unfortunately, the Aussie dollar also firmed by almost 1 cent, which knocks AUD $7 off our prices.

  • But the big news story is coming out of India.

  • Rumours have it that the import tariff for wheat is going to be removed, which equals wheat imports, which equals another reduction in the majors stocks.

  • Currently, Indian imports are forecasted at a piddly 100,000 tonnes.

  • If they remove the import tariff, hold onto your hats.

  • Can everyone remember what happened in May last year?

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