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Grain Report Thursday- 22nd February

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 softer last night after the big one-day rally.

  • Beans were off as the Brazilian harvest progresses ahead of pace and puts pressure on prices.

  • But the Rosario Grain Exchange reported last week the Argie bean crop could have suffered some yield loss (20-30%) due to heat stress.

  • The Argies are forecast to grow around 50 million tonnes of soybeans.

  • Also, Agroconsult has dropped its Brazilian bean forecast by1.6 million tonnes to 152.2 million tonnes. The USDA has it at 156 million tonnes and my plumber neighbour has it under 150 million tonnes.

  • This might ............

To read more, subscribe to Outlook Commodities Morning Commentary

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