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Grain Report Thursday - 24th 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!

  • All markets were up last night.

  • Reported overnight, Yevgeny Prigozhin, the Wagner leader who started a mutiny against Putin in June has died in a plane crash.

  • Hokey Pokey also attacked a grain facility on the Danube River, which has added some nervousness to the market.

  • On the flip side, reports of the Turkish President travelling to Russia to push for the resumption of the grain export corridor.

  • At the same time, analysts have increased the Russian wheat by 5 million tonnes to 92 million tonnes. The USDA has it pegged at 85 million.

  • This increase, if ever realised on the balance sheets, adds 7 million to the major exporter’s stocks, but before we get bearish .

  • This 7 million would be offset by reductions in Canada, with some calling that crop closer to 30 million tonnes.

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