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Grain Report Thursday- 26th October

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!

  • That’s it, sell the farm as markets are all off again last night.

  • The Ruskie Ag minister has gone the early crow and called the 23/24 Russian wheat crop to be 93 million tonnes, the second largest on record. The winter wheat is being planted now.

  • He also forecast the Tigers to make the 8 and Without A Fight to win the Melbourne Cup.

  • Rains in Ukraine and USA winter wheat areas are seen as a positive for their recently planted wheat crops.

  • Also, forecasted South American rains will help Argie and Brazilian Corn and Bean crops.

  • Chinese corn prices are tanking, and India hasn’t pulled the trigger on importing wheat.

  • The world is flooded with cheap Ruskie wheat.

  • ASX Jan wheat was also off AUD $4 per tonne to settle at AUD $392 or call it USD $282 FOB (Free on board) Portland. Hello China.

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