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Grain Report Friday- 27th October

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!

  • And just like that, without any major change anywhere in the world, wheat futures were up last night.

  • Its like a roulette table; remember gamble responsibly.

  • However, as a bit of rain falls in South America, the row crops, corn and beans were off.

  • Some are concerned the rains in Southern Brazil might be too excessive.

  • Rumours of China buying some more Soft Red Winter wheat after they signed some big deal earlier this week to buy gazillions of dollars US commodities.

  • Also, false reports of the Ukrainian export corridor being closed due to mines and Ruskie war planes which spooked the market a bit last night.

  • With around 10% of the Aussie harvest completed, wheat quality appears to be returning to the norm, with better protein in WA, which will see more APW and AH.

  • NSW however is seeing lower protein levels.

  • Vic and SA are expected to be like last year with 60% APW/ASW and 20-25% AH.

To read more, subscribe to Outlook Commodities Morning Commentary

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