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Grain Report Tuesday - 11th April



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)

Look Out!


  • Wheat and corn markets firmer last night, and the Aussie dollar off.

  • Kansas Hard Red Winter wheat which is APW and H1/H2 equivalent, (except for lower extraction rates and longer conditioning times, making it inferior) was firmer on the back of dry conditions. The US Hard Red Winter crop is not doing so well and current ratings are lowest on record for this time of year.

  • US Hard Red winter wheat is quoted at USD $394 FOB (Free on Board) Pacific North West (PNW). Not bad for a wheat that doesn’t perform as well as Aussie hard wheat.

  • Beans were softer in the nearby contract and unchanged in the new crop position.


  • Before the rabbit delivered some chocolate chicken eggs, which makes no sense at all, the Egyptians bought 600,000 tonnes of wheat from the Ruskies.

  • And guess what; the price was USD $275 FOB Russia, which is the floor price Hokey Pokey said sellers must not go under, or they will fall out of a window.

  • The Russian wheat market looks like it has been “nationalised”, which is a 'woke' name for single desk.

  • Now we just need to wait for Hokey Pokey to stop wheat exports. Remember they only extended the corridor deal for 60 days.

  • But at USD $275 FOB, this puts the floor in our market at USD $315 FOB or AUD $440 FIS WA and AUD $410 Track East Coast.

  • Australian feed barley is quoted at USD $265 FOB, or $365 FIS (Free in STore) WA and $340 Track East Coast.

  • No news out of China yet regarding the barley tariffs.

  • The USDA will release their World Supply & Demand Estimate Guess tonight.


Most importantly we're always here to help!

Please give us a call or email if you have any questions.


Call 1800 000 410 or Email support@cgx.com.au

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