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Grain Report Thursday - 21st 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 all up slightly last night, apart from Kansas, which was off a little.

  • The Egyptians bought 2 cargoes of Romanian wheat at USD $255.91 FOB (Free on board).

  • Russia traders obeyed Hokey Pokey and didn’t offer under the minimum floor price of USD $270 FOB.

  • I suppose now the Egyptians and Russia will do a private deal that will be leaked to the world 2 minutes later.

  • South Korea bought some Aussie ASW9 and H2 wheat. Honestly, I prefer the ASW7, it is a lot better year and has a soft and fruity flavour and is easy on the palette.

  • They paid USD $295 C&F (Cost & Freight), which works back to AUD $395 FIS (Free in site) WA, which is interesting as its Trading at AUD $410 FIS Kwinana.

  • They also bought some H2 at USD $335 C&F, which works back to AUD $455 FIS WA which is AUD $25 over where some H2 traded in Albany 2 days ago.

  • For those on the Easy Coast, it works back to a $425 Track, which is about AUD $10 over where H2 has been trading and AUD $20 over SA values.

  • But on the new crop, APW is $425 Track for APW and add AUD$10 for H2, so it is under new crop values. No need to throw the baby out with the bath water.

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