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Grain Report Friday - 17th May

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 slightly softer again last night.  

  • The Yanks are walking through their crops and the early assessment is for slightly better yields than originally expected by the desk jockeys.

  • Pencil in a wheat crop over 50 million tonnes for the Yanks, so not much to see over there. The expectation is for their ending stocks to increase, which would put pressure on their markets and prices. However, with the situation in Russia changing, this might not be the case and their exports for 24/25 may increase.  

  • At a conference in Geneva, one of the main presenters has forecast India to............

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