top of page

Grain Report Friday - 23rd February

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 was unchanged to off slightly last night.

  • Row crops, corn and beans were softer.

  • A group of South Korean flour mills is tendering to buy 136,400 of wheat from Australia, USA and Canada.

  • This is broken up into different milling wheats and 50,000 will be from Australia, 50,000 from the USA and 36,400 from Canada.

  • Aussie basis is back to AUD $6.60 which is well below where it should be trading for a 25 million tonnes wheat crop.

  • The ASX March wheat settled at AUD $333.50, which works back to a USD $250 FOB (Free On Board) value ex Portland.

  • Yet, West Australian APW ......

To read more, subscribe to Outlook Commodities Morning Commentary

CGX subscriptions

By subscribing to the Outlook Commodities Content you agree to CGX Subscriptions terms and conditions


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

igrain logo

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

8 views0 comments

Recent Posts

See All


Do you want to know more?
Subscribe to our newsletter.

Thanks for submitting!

bottom of page