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Grain Report Friday - 6th September


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 off slightly last night as the market took a breather.

  • Although Matif and Winnipeg canola were both up, as the markets realised the antidumping claim by China against Canada might take a while to be implemented. Then again, they could impose a tariff anytime.


  • A bit happening in the corn balance sheets, with Get it India increasing ethanol production which will see them change from an exporter of corn to an importer.

  • Also, recent weather in the world has not been great for corn, beans and wheat production.

  • Dry conditions in Brazil and Argentina is raising one eyebrow on the planting of their corn and bean crops. 

  • The Argie wheat crop (and Brazil) has also been under a bit of pressure from lack of moisture.


  • The recent warm weather in the US will probably knock the soybean yields a little bit. 

  • Also 47% of the US Hard Red Winter wheat belt is in drought, which is not great for planting, which is about to start.  


For further market commentary please contact the CGX team on 1800 000 410


 

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


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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 support@cgx.com.au

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