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Grain Report Friday - 25th 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 and corn markets were off last night and Wear Ya Beans were up slightly.

  • Not much happening in the world markets as the Yanks finish their crop tours.

  • It is hot and dry in the US which could drop corn and bean yields.

  • Europe is reducing all their production forecasts for wheat, barley, canola, and maize crops.

  • There is no real market reaction to the Russian plane crash killing the Wagner boss or the drone attacks on Ukrainian port facilities on the Danube river.

  • According to the market, these incidents are like water off a ducks back.

  • Reports Hokey Pokey is setting minimum floor prices for Russian wheat, with separate prices for private sales and public tenders.

  • No change to the original floors with September at USD $260 FOB (Free on board) for privates and USD $270 for tenders.

  • However, these floors are moved up USD $10 for November and December sales, to USD $270 and USD $280 FOB.

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