top of page

Grain Report Thursday - 29th June

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!

  • And just like the Taylor Swift ticket buying frenzy, the platform has closed, and the wheat and corn bulls all missed out.

  • It's Rain, Hi, That’s the Problem it's Rain.

  • Yes, that’s correct Swifty, it’s rain that has sucked the wind out of the bullish markets.

  • But to put things into perspective, Chicago December wheat was trading at 626 cents a bushel and corn was trading at 525 cents a bushel at the start of June.

  • It remained dry through the month of June, and wheat rallied 140 cents a bushel (AUD $75) and corn 100 cents a bushel (AUD $60).

  • Wheat is still trading 60 cents a bushel higher over the month and corn is 12 cents a bushel higher.

  • This market will remain volatile and if the current forecast doesn’t deliver, we will see the market strengthen again.

  • Conversely, if the forecast delivers greater rain than expected, it will probably soften off further.

  • ASX Jan 2024 wheat settled $8 lower yesterday at $396.

  • We may see it softer again today on the back of last night's market sell off.

To read more, subscribe to the Outlook Commodities commentary below:

CGX subscriptions

By subscribing to the Outlook Commodities Content you agree to CGX Subscriptions terms and conditions

Round 15 - CGX Footy Tipping Leaderboard

Most importantly we're always here to help!

Please give us a call or email if you have any questions.

Call 1800 000 410 or Email

14 views0 comments


Do you want to know more?
Subscribe to our newsletter.

Thanks for submitting!

bottom of page