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Grain Report Monday - 13th May

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!

  • Well, it looks like Biden His Time will be voted out in the US Presidential Elections as Friday night's WASDE report has increased the cost of living with higher bread and popcorn prices.

  • This is their first guess of the 2024 numbers, and whilst they attempted to persuade the market to be bearish wheat values, by increasing US ending stocks by 1.5 million tonnes next year, dropping the Ruskie wheat crop to 88 million tonnes caught people’s attention.

  • Nothing to see here as a building bursts into flames behind the WASDE reporter.

  • The other number that caught the markets attention is the .............................

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