top of page

Grain Report Monday - 24th April

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)

Look Out!

  • The markets finished in the red on Friday night.

  • CME wheat is back to its lowest level in a month.

  • There are rains forecast for the Hard Red Winter grain belt, which has been doing it tough.

  • Extreme heat waves hitting Thailand, and China is also recording some record hot weather.

  • I find it amazing the market is comfortable that Ukraine can move their grain through neighbouring counties, which is considered bearish (or inefficient), and yet Hokey Pokey keeps saying the corridor will not be extended unless some restrictions are lifted. The corridor agreement expires in 4 weeks’ time.

  • Brazil sold 2 cargoes of beans to the USA? The US produces 510 million tonnes of wheat, corn and beans, plus numerous other crops including cotton, rice, barley, sorghum, and yet they have no concerns or processes in place that restrict the importing of a commodity from another country? In Australia though, we are happy to import Covid cases on the Ruby Princess, but mention bringing a cargo of wheat or corn when drought market prices are extreme, and you are condemned for destroying the whole Australian agriculture industry? Did I just find a new soap box? A deregulated market one way and price protection the other way?

  • Reports South Korea purchased 50,000mt of wheat from Australia.

  • They paid USD $293 FOB (Free on Board) for ASW, USD $305 FOB for ASW9 and USD $325 FOB for H2 for July shipment.

  • This would equate to AUD $405 FIS (Free in Store) WA for ASW, AUD $425 FIS WA for ASW9 and AUD $455 FIS WA for the H2.

  • The Philippines also booked 60,000 tonnes of feed wheat at USD $297 C&F (Cost & Freight), July shipment.

  • If this came from WA, it would work back to AUD $377 FIS WA. It doesn’t work from the East Coast at AUD $350 Track for SFW wheat.

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

22 views0 comments


Do you want to know more?
Subscribe to our newsletter.

Thanks for submitting!

bottom of page