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Grain Report Friday - 24th 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!

  • Wheat was up again last night, in particular Kansas (APW), which was up AUD $8 in the nearby.

  • Corn was up slightly, and beans were off.

  • I’m sorry but the oilseed complex has a bearish tone in the overall picture due to increasing carryover stocks in 24/25 due to the magnificent yielding recently or unplanted crops that will blow your socks off; just add water.

  • The International Grains Council released their guesses last night.

  • They dropped global wheat production by .....................

To read more, subscribe to Outlook Commodities Morning Commentary

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