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Grain Report Thursday - 18th January


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 were relatively quiet last night, apart from beans that got smashed.

  • Doesn’t make a great deal of sense as the South American crop forecast guru Dr. Cordonnier shaved some more off the Brazilian soybean crop, calling it around 149 million tonnes.

  • The USDA’s guess last Friday was 157 million tonnes, which is overdone.

  • US soybeans have fallen 137 cents / bushel or USD $50 per tonne since the start of December 2023.


  • The Egyptians bought 300,000 tonnes of Russian wheat and 60,000 tonnes of French wheat last night.

  • The Ruskie price was all fixed at UDSD $265 FOB (Free on Board) at 270 days credit, which works back to USD $253 FOB, which is the same price they paid 7 days ago.

  • World market prices don’t seem to be falling away if you are buying Russian wheat.

  • Also, the 4 sellers of Ruskie wheat all had the same price. 

  • Did someone just say single desk?

  • There was one vessel of French wheat that was sold at a discount to the Ruskie wheat.

  • See, a regulated marketing system does produce a higher return; now I will get back down off my soap box.

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