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Grain Report Thursday - 4th April

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 can’t wait for someone to turn the lights on a bit earlier in the morning. I am starting to feel like a dairy farmer getting up 3 hrs before the sunrise.

  • Markets were relatively quiet last night with mixed moves wheat, corn and beans.

  • Matif canola was off a solid EU $11.25 or AUD $18.52 per tonne.

  • Reports that it remains dry in Southern Russia.

  • Russian wheat values have firmed USD $13 per tonne from USD $197 FOB to USD $210 FOB over the last 2 weeks.

  • Also talk is the Phyto issues with 2 major Ruskie exporters has been resolved? I wonder if a tall building was involved in the discussions.  

  • Closer to home, the May ASX wheat contract has settled at AUD $332, or USD $252 FOB.

  • The good news is, in the early part of March, ASX May was quoted around AUD $316 per tonne, so we are up AUD $16 over the last 3 weeks...

To read more, subscribe to Outlook Commodities Morning Commentary

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