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Grain Report Monday - 4th March

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 got smacked on Friday night, with Chicago off AUD $10 and Kansas off AUD $13.

  • Corn was off slightly and beans were up.

  • On the canola front, it was mixed with Winnipeg off and Matif up.

  • There are reports of the Asian markets buying German feed wheat, rather than buying Black Sea wheat due to supply chain execution risks.

  • However, it was also reported China has been back in the market buying barley from France, Australia, and Ukraine, so they have no execution concerns.

  • I will talk about the Chinese barley business later and Australian barley export pace which is very important...........

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