Grain Report Friday - 20th December

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.

Login to Offer grain for sale

Click here to view recent trades and search the market

Wheat slipped again due to ongoing stiff competition for export business. A Tunisian tender is expected to be filled by Black Sea and Bulgaria. Exports out of western Europe remain stifled and Argentina continues to offer strongly. Russia continues to export at around 4mt per month.

Corn held firm in choppy trade as US export levels hold despite a stronger $US.

Oilseeds bounced with Canadian canola much higher as strong commercial demand and a tight balance sheet come to the fore. Canadian canola is now well priced compared to other oilseeds and Canadian farmer selling has slowed with the fall in price.

Soybeans stabilised in unconvincing fashion as concerns mount over Chinese demand and as south America prepares to harvest a record crop. Not to mention concerns over US biofuels policy.

India has suspended trading in futures and derivatives in crude palm oil, wheat, paddy rice, chickpeas, green gram and rapeseed until the end of January as it seeks to curb the impact of speculative trading on food inflation.

So not much has changed and not much joy. Wheat continues to be pressured by competitive offers for only routine levels of demand, soybeans and the oilseed complex looks under pressure fundamentally (canola won’t escape this pressure despite a strong balance sheet) and export demand for US corn and corn values are holding despite a stronger $US.

$A weak at 62.5USc.

BOM clear for next week in cropping areas.

ASX wheat $320/t.

Cereals $5-7/t stronger on the west coast but $2-5/t weaker in the east. Canola suffered heavy falls $15-24/t. Lentils were back up to $915/t Wallaroo, while chickpeas are again attracting interest in delivered markets at $900/t Brisbane.

24/25 Best Bids 19/12

Wheat APW1 $384/t Kwinana (+7), $354/t Geelong (-5).

Feed barley $326/t Kwinana (+5), $313/t Geelong (-2).

Canola EU $850/t (-15) & non-EU $710/t (-22) Kwinana, EU $765/t (-24) & non-EU $655/t Geelong (-15).

Open Market Call

Prices will be flat with little international support.

For further market commentary please contact the CGX team on 1800 000 410

---

CGX now own and operate the igrain market for grain stored on-farm

If you have any queries, we're always here to help!

Please give us a call or email if you have any questions.

Call 1800 000 410 or Email support@cgx.com.au