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Grain Report Thursday - 9th May

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!

  • Markets were all in the red last night.

  • The trade are positioning themselves for a bearish USDA world supply and demand report tomorrow?

  • I’m a WASDE conspiracy theorist and because it’s an election year and voters don’t like inflation, Biden his time will instruct his pencil pushers to increase corn and bean stocks, leave the South American crops unchanged and reduce Chinese soybean demand.

  • It doesn’t really matter, as eventually the fundamentals kick in and paper turns into physical, which is what we call convergence.

  • At the end of the day Russia is the world wheat price driver, and the Russian crop is .......

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