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Grain Report Monday- 18th 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 was up on Friday, whilst the row crops, beans and corn were off.

  • Argentina is experiencing a spring heat wave with temperatures reaching 40+ degrees in some regions.

  • The Argie wheat crop is going backwards, with the Rosario Grain Exchange now forecasting the wheat crop at 15 million tonnes. The USDA has it forecast at 16.5 million.

  • Also, the warm temperatures in Argie have caused an eyebrow to be raised with regards to their corn crop, which is halfway through being planted.

  • The world has Argie pencilled in for a record corn crop, but it’s not off to a good start; however it is early days and an El-Nino for Argie usually results in a wetter season.

  • There are also some concerns about the high Urea prices and what impact this will have on South American corn production.

  • It’s starting to warm up in Oz as well as temperatures climb past 30+ degrees in some regions. We might be in for an early harvest.

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