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Grain Report Friday - 22nd December

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

Ho, Ho, Ho, Look Out!

  • Merry Christmas to everyone unless you don’t celebrate Christmas, in which case happy Monday.

  • Looks like we are in for a wet Christmas in Victoria, however, with harvest almost done, the impact will be minimal.

  • Markets overseas were up slightly for wheat and corn and beans were off.

  • Canola was unchanged.

  • It appears the East Coast and SA canola growers have been naughty this year and Santa is giving them lumps of coal.

  • WA Canola is quoted at AUD $700 Track and Victoria/ Kembla / SA is quoted almost AUD $100 lower around AUD $610 Track.

  • We export the surplus Canola and the freight spread between East Coast and West Coast is around USD $5 per tonne.

  • The international prices are the same irrespective of which state the seed comes from and the seed goes to the same markets.

  • Once again, the current Aussie markets make little sense.

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