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Grain Report Friday - 8th 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!

  • Markets off last night with no real exciting news or developments.

  • MATIF and Winnipeg Canola were also both softer as the oilseed complex appears to be softening.

  • China’s soybean imports for August were down 3.8% from July at 9.36 million tonnes, but overall, they are up year on year.

  • There also might be a few concerns with the Chinese economy, which is not good for the world.

  • This is also impacting Container freight rates, which are now as cheap as chips, excluding the period when we had a bit of a potato shortage and chips were expensive.

  • They have also asked fertilizer producers to halt urea exports to put a cap on a price surge.

  • The Ruskies keep attacking facilities on the Danube, but the market seems to be comfortable with this.

  • Whilst writing about Russia, there are also some concerns regarding their wheat quality this year due to heavy rains over harvest.

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