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Grain Report Thursday- 12th October

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 off slightly last night, corn up slightly and beans off moderately.

  • Canola was also off and there seems to be some pressure on oilseed prices with sunflower oil pricing itself at parity with palm oil.

  • However, this year, canola values are correlating with soybean values, which have a bearish tone with big South American crops forecast.

  • Beans are getting down to their lowest levels in 2 years.

  • After the Egyptians did a private Belt and Pyramid Deal with the Ruskies, they decided to hold a public tender for some more wheat.

  • The USDA will release their supply and demand guess tonight.

  • Will they make the wheat adjustments to Oz, Argie, Kazakhstan and Canada?

To read more, subscribe to Outlook Commodities Morning Commentary

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