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Grain Report Monday- 09th October

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!

  • With the Hamas attack on Israel and the declaration of war by Israel, a large amount of uncertainty has just entered the world markets.

  • The IMF has stated it was too early to assess any economic impact.

  • I am not sure how the commodity markets will also react when they open tonight.

  • This will be impacted by the position other countries may or may not take and whether this escalates regionally, putting pressure on some major trade relations.

  • Supply chains can be disrupted, but these markets are commodity importers, so if anything, it can be potentially bearish commodities and potentially bullish Oil.

  • It’s a wait and see.

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