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Grain Report Friday - 18th 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!

  • Wheat off last night, corn and beans up.

  • Matif and Winnipeg canola were both up again and the Aussie dollar continues to fall like a flare from the sky at Federation square.

  • At the start of August, the Aussie dollar was 67 cents and is now 64 cents.

  • This adds AUD $21 per tonne to our prices.

  • Get it India is having a chat to Russia about buying 9 million tonnes of wheat.

  • This apparently is a private deal and at a discount to the world market prices.

  • If it happens, it will lift world prices, as Russia is maxed out on exports, so the 9 million tonnes to other importing countries must be made up from other major exporters.

  • Meanwhile Hokey Pokey attacked a Turkish owned cargo vessel last weekend, which was probably not a smart move as Russia and Turkey were meant to be mates.

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