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Grain Report Thursday - 2nd November

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!

  • Finally, wheat found a little bit of support, whilst corn was unloved, and beans were up a smidgeon.

  • Hokey Pokey must be running out of Pasta in Russia as he has banned Durum wheat exports.

  • Although I prefer al dente, I suspect it will firm our Durum prices, albeit we don’t produce and export large amounts of Durum wheat.

  • I just wanted to throw it in today’s report so I could use the al dente reference.

  • Whilst the Black Sea conflict has fallen off our radars, the Ruskies continue to drop explosive objects into the paths of vessels in the Ukrainian Humanitarian corridor.

  • However, it appears, at this stage, to not have any impact on Ukrainian exports.

  • In the other conflict in the Middle East, there are some rumours circulating Hezbollah (Lebanon) and some Iranian groups are looking to step in supporting Hamas if the Israelis do not cease fire by Friday.

  • The ASX Jan 24 wheat contract was off AUD $2.50 yesterday and is now trading sub AUD $390 per tonne.

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