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Grain Report Monday - 13th February

Our goal is to help growers and their agents determine the selling price for their grain by providing relevant price discovery each day. Check out the moves in overnight international markets and yesterday's actual traded prices across Australia. There's also market commentary giving context and comparisons to prices of international physical markets. If you need to change your offer price, simply edit it before market open.

What price do you want for your grain?

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)

Look out!

  • Markets exploded on Friday night, all on the back of Putin doing a bit more hokey pokey.

  • Putin is complaining they are benefiting from the Grain corridor deal and the EU is annoying.

  • At the same time, the Institute for Agricultural Market Studies in Russia also known as IKAR and not IAMS, has forecast the Russian export for the 22/23 season up 1 million more tonnes to 46 million tonnes.

  • Irrespective of the world supply and demand fundamentals, the situation in the Black Sea is still the biggest market price driver; up or down.

  • If Russian exports of wheat stop, prices will explode, because we will not be able to replace this grain from any other country. It's not like Australian and other major exporters can just turn the dial all the way up to 11 and increase exports.

  • On the flip side, if the situation resolves, world wheat prices will fall significantly.

  • Not too many are on this side of the boat though.

  • The good news for Aussie farmers though, is our markets will be firmer today on the back of the overseas tensions. Also, our currency has softened again.

  • So, maybe it’s time to lift your offer prices and flash your grain at the buyers on the CGX stage.

Most importantly we're always here to help!

Please give us a call or email if you have any questions.

Call 1800 000 410 or Email

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