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Grain Report Monday- 11th 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 and corn futures were off slightly on Friday night.

  • Beans were up a smidgeon.

  • Globally still not a huge amount of commodity stuff happening, which is quite boring.

  • The USDA World supply and demand stab in the dark is out tomorrow.

  • From their last report, world wheat stocks held by the major exporters dropped approximately 6 million tonnes to 58.3 million tonnes, which is supportive to prices.

  • I wonder if they will reduce the Argie, Aussie and Canadian wheat crops. Overall, they are about 8 million higher than reality.

  • At the same time, their Ruskie wheat crop forecast is under what all the other gurus forecast.

  • World corn stocks are forecast to increase by 14 million tonnes to 311 million tonnes.

  • But that might be adjusted tomorrow as the corn crop yield is potentially lowered.

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