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Grain Report Monday - 14th August


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!

  • Markets all off on Friday night after the USDA released their latest guess.

  • They cut production of most commodities but balanced the books by dropping consumption.

  • They also forecasted the Commonwealth Games would cost Victoria around AUD $2 billion dollars.

  • Wheat production was trimmed in Canada, Europe as expected. They also knocked 3 million tonnes off the Chinese crop.

  • On the flip side, they increased wheat production in Stan and Ukraine.

  • They left the Aussie crop at 29 million tonnes, which is optimistic. They also think the Cats will make the 8.

  • The final masterstroke, to make the world wheat balance sheet pretty much unchanged and not drive prices higher, they dropped consumption by just over 3 million tonnes.

  • Stocks held by the major exporters increased slightly to 52.69 million tonnes, which is 7 million tonnes less than last year.


To read more, subscribe to Outlook Commodities Morning Commentary


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