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Grain Report Thursday - 4th January


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!

  • Is there a bear in there and a chair as well?

  • People with games and stories to tell.

  • Yes, the market, like rain on the East Coast continues to fall; it has been like that all year.


  • The world appears to be comfortable with low wheat stocks held by the majors and supply chain disruptions through the Red Sea, a major shipping route for Europe into Asia.

  • Also, still the odd missile blowing up infrastructure and ships in Ukrainian ports.

  • Also, a government official in India said they were comfortable with their stocks at 16.47 million tonnes, the lowest level in 7 years.

  • But India has 66 million more people today than they did in 2017 and at 65.5 kg per capita consumption,  it means they will eat 4.32 million more tonnes of wheat than they did in 2017.

  • Now this government official has come out and said, there is nothing to see here, we have plenty of wheat, as a building burst into flames behind him.

  • Also, another forecasting group has come out with the 2024/25 Indian wheat crop at 104 million tonnes. That’s not enough, and if it remains warm and dry through Feb – April, my plumber mate next door reckons it won’t be long now until “Get It India” must import some wheat.


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