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Grain Report Thursday- 14th August


Market Almost Open - CGX daily report

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Australia’s independent grain report—designed to help support your pricing decisions before the market opens at 10:00am AEST. If you need to change your offer price, simply edit it before market open.



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Chart including Wheat CBOT prices, Wheat Black Sea prices, Canola ICE prices and Canola MATIF prices

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Dominic Hogan Outlook commodities comments

Wheat and corn prices consolidated at recent lows as the market swallows the news of a record US corn crop and bulging supplies.

 

This corn crop has the potential to weigh on the market for some time and now markets will be looking for record usage to stop further falls. With lower cattle numbers in US feedlots export and biofuel demand will be keys.


Local canola prices fell in response to China’s announcement of prohibitive tariffs on Canadian canola.


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


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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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