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Grain Report Monday - 9th September


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!


  • Markets off again on Friday night.

  • But Chicago was up AUD $18 per tonne for the week.

  • Winnipeg canola continues to fall, off CAD $44.50 over the week.

  • Aussie canola values have firmed slightly over the week with Port Kembla quoted AUD $690 track, Geelong AUD $710 and WA AUD $750.


  • At the end of August, the Yanks have sold 10.291 million tonnes of wheat for export in this marketing year, which is 31% ahead of last year’s pace. The forecast Yanks for 24/25 wheat export is 22.50 million tonnes, so 46% of this has been done and we are only 3 months into the marketing year.

  • The Yanks will be putting out their monthly supply and demand guess on Thursday, their time.  

  • Focus will be on the US corn yield and will they lower it.

  • The Ruskies have introduced a state of emergency for the Tomsk region in Siberia due to weather damage over harvest.


For further market commentary please contact the CGX team on 1800 000 410


 

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


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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 support@cgx.com.au

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