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Grain Report Thursday - 9th 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!

  • Boom Boom let's go back to my room!

  • Wheat markets up strongly last night before the USDA World Ag Supply and Demand stab in the dark, pick a number out of my hat guess tonight.

  • Corn was also up. I wonder if the USDA will cut the Brazilian corn crop as they are a bit optimistic at 129 million tonnes.

  • Beans were slightly unloved. Probably feeling the pressure of softening oil prices. However, it is remaining dry in central Brazil and the forecast into the next month is not looking that good.

  • Canola was basically unchanged.

  • I wonder if the Yanks will drop Argie wheat production tonight. That’s probably the only production they have a bit too high.

  • The Rosario Grains Exchange in Argie is calling the crop 13.5 million tonnes, and the Yanks are calling it 16.5 million tonnes.

  • They have the Aussie crop at 24.5 million tonnes which is in the ballpark, unless you’re a broker wanting to stimulate selling activity, in which case you would call it 28 million tonnes after the country saving rain in Victoria and Riverina in early October.

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