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Grain Report Monday - 29th January

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!

  • The only interesting thing about Friday night's futures markets was Chicago and Kansas both fell by the same amount.

  • Looks like AI is now doing the trading.

  • The Chinese Xi Cricket Team pig herd is apparently falling, down by 4% at the end of 2023 according to their Ministry of Agriculture.

  • Rebel groups are still blowing up vessels sailing through the Red Sea corridor.

  • The Egyptians would be annoyed as their piggy bank will be empty as they lose a lot of income from the Suez Canal Toll fee.

  • Reports Hokey Pokey wants to open talks with the US to end the war with Ukraine. Probably the first person he should speak to is Ukraine and say, “hey, how bout we call it quits”.

  • Good to see canola prices firm over the month, up AUD $15 per tonne.

  • That spread between East Coast and West Coast narrowed by AUD $5 and is now around AUD $75, which makes as much sense as the West Coast Eagles appointing 2 Captains of a sinking ship.

To read more, subscribe to Outlook Commodities Morning Commentary

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