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Grain Report Thursday- 23rd October


Market Almost Open - CGX daily report

What price do you want for your grain?

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

No change in international markets overnight. Soybeans are holding their gains on the chance that China/US may strike a deal….although nothing tangible. There are no new sales of United States' soybeans to China and nothing is expected to be loaded in coming weeks. Harvested soybeans are not moving to export hubs and instead going to storage.

 

Corn and wheat weighed down by large global supplies, forecasts for rising stocks and few threats to new crop production.


BOM handy rainfall through SA, VIC and parts of southern NSW with more in the forecast.


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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