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Grain Report Monday - 05th June

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!

  • The world returned to some normality over the weekend with markets up and the Tigers back on the winners list.

  • Some hot weather in Russia. Reports that over half the Russian spring wheat could be impacted by this hot, dry weather .

  • Also dry across the US corn belt and wet in China.

  • Chinese imports were forecast at 10 million for 2023/24. That number might be dialled up a notch or two.

  • The USDA will release their guess this Friday, and they might just adjust that corn yield down a little bit.

  • Forecast rains across the Australian grain belts are bringing smiles to farmers' faces.

  • El Nino, shmino, I hear the market say.

  • Our Basis is back to -AUD $10 per tonne for old crop and -AUD $6 for new crop.

  • This means we are growing a 30+ million tonne crop.

  • Anything is possible in June, but forecasts further out don’t look gre

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Congratulations Sam, winner of round 12... Dom Hogan fighting his way back to the top...

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