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Grain Report Monday - 17th July

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 were up again on Friday night, with wheat leading the way.

  • Not much happening in the world apart from Italy melting like mozzarella cheese on a pizza.

  • Some other countries like Pakistan, China and the US are also seeing record high temperatures broken in some areas.

  • Did someone say Global Warming?

  • Today is the final day for the Black Sea Grain corridor, and the UN has requested that Hokey Pokey extend the deal and they will set up a new bank account that accepts SWIFT payments.

  • I am not sure what the market reaction will be if the deal is not extended. It should be bullish, but the market seems to have lost interest, or nervousness in the whole Black Sea situation.

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