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Grain Report Thursday - 27th July

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!

  • I have some good news and some bad news.

  • Give me the bad news first Dom.

  • The markets got smacked last night.

  • OK, I can handle that. Now what’s the good news.

  • The USDA just dropped their Indian wheat crop by 5 million to 108 million tonnes.

  • Yep, a smaller wheat crop in “Get It India” should see them drop that import tariff and open up for imports.

  • This would suck another few million tonnes off the exporter balance sheet and tightens up major exporter stocks.

  • Anyway, short and sharp today as I am at the Australian Grain International Conference (AGIC), learning all about the world grain markets.

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