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Grain Report Friday - 31st 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!

  • Markets were off again last night.

  • The world traders obviously don’t pay much attention to Rusagrotrans, who have come out with a forecast for the Ruskie wheat crop below 80 million tonnes.

  • Wow, who are Rusagrotrans?

  • Rusagrotrans is a railway operator, a bit like the old V/Line.

  • Their train drivers must look at the crop as they pass through the grain belt on the way to the ports and ring their boss giving a yield update.

  • They have put all these observations together and have come out with a crop forecast of 77.40 million tonnes. 

  • I think the market......

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