top of page

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.

To read more, subscribe to Outlook Commodities Morning Commentary

CGX subscriptions

By subscribing to the Outlook Commodities Content you agree to CGX Subscriptions terms and conditions


CGX now own and operate the igrain market for grain stored on-farm

igrain logo

If you have any queries, we're always here to help!

Please give us a call or email if you have any questions.

Call 1800 000 410 or Email

15 views0 comments

Recent Posts

See All


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

Thanks for submitting!

bottom of page