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Grain Report Monday - 03rd July

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!

  • Ashes to Ashes, Dust to Dust, Bairstow was technically out, but boo if you must.

  • And just like the Australian team walking past the Gentry in the Members at Lords, the market was also booed on Friday night.

  • Unless of course if you barrack for Soybeans which like Stokes, smacked any short legside deliveries over the boundary.

  • The USDA increased corn planted acres by 2 million acres to 94 million acres.

  • This will save them knocking off 20 million in next week's World Supply and Demand guess, as the yield drop will be offset by higher acres.

  • If they reduce the yield to 176 bushels per acre, the 23/24 US corn crop will be around 380 million tonnes, which is 7 million off their June stab in the dark.

  • However, given the dry June month and ordinary crop condition ratings, yield forecasts might be closer to 170 bushels / acre which would see a crop around 367 million tonnes, or 20 million lower than the opening forecast.

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