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Grain Report Thursday - 29th 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!

  • Well, that’s it, summer would be officially over if it wasn’t a leap year.

  • But what’s another day amongst Gregorian’s accountant to balance the calendar books.

  • Chicago and Kansas wheat were off last night, with beans and corn up slightly.  

  • Looks like WA is getting some early autumn rains, so pencil a 30 million tonne wheat crop and we will up it again in April.

  • We often talk about the funds shorting a market, or going long, depending on which side of the boat they position themselves.

  • The funds are......

To read more, subscribe to Outlook Commodities Morning Commentary

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