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Grain Report Thursday - 17th August

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!

  • Well, the bleeding finally stopped last night with Chicago wheat unchanged and Kansas Wheat up.

  • Corn and Soybeans were also firmer.

  • Canola also continues to firm on the back of stronger Veg Oil prices with MATIF and Winnipeg both up.

  • The AUD continues to slide lower, as concerns over the Chinese economy could impact Australian trade.

  • Actually, a few countries are starting to get nervous about the Chinese economy and the impact this could have globally.

  • There is a forecasted heatwave and dryness to hit the US, which is adding some minor concerns to corn and bean yields.

  • Reported drone strikes to grain storage facilities along the Danube. Yawn, another day, another drone strike.

  • At the same time a cargo vessel leaves Odessa and Hokey Pokey didn’t attack it.

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