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Grain Report Monday - 8th 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!


  • Quiet finish to the week with wheat up a tad and corn and beans off a bit.

  • The East Coast continues to get hammered with rain. You can’t even buy an ark on marketplace.

  • Not great for growers in the Western districts at the end of their harvest.

  • But a great start for the 2024 cropping season and soil moisture profile. Did I say the 2024 crop would be 28.6 million tonnes and the Tigers would win the flag?



  • Some cold weather through the Black Sea regions last week caused some concerns over winter kill.

  • I think winter kill is overrated. Every year over January and February, the market kills the Northern Hemisphere crops as they come out of dormancy and then come March, we realise there wasn’t that much damage.



  • There were some murmurs in the market that the Chinese were looking for some more US Soft Red Winter wheat.

  • US Soft Red winter wheat is quoted at USD $263 FOB ex the US Gulf, and if they cannot go through the Panama Canal, it would land into China for around USD $315.

  • Or the Chinese Xi Cricket Team could ring an Aussie seller and buy some ASW wheat.


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