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Grain Report Monday - 8th July

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!

  • US Future markets were all up on Friday night.

  • US wheat is too cheap and subsequently they sold 805,000 tonnes last week, which was above expectations.

  • Interestingly, of their shipments for the last week of June, 45% went to......

  • Because the world market is tighter this year with stocks held by the exporters at a very “precarious, hanging from a jacket off a cliff” situation, and you are risking a weather issue for 25/26 Northern Hemisphere production and Get It India buying some wheat.

  • Did I also mention......

To read more, subscribe to Outlook Commodities Morning Commentary

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