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Grain Report Tuesday - 16th 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!

  • The market doesn’t seem to care about the Israel, Iran spat, with all commodities off last night.

  • Even crude oil and Matif / Winnipeg were also both lower.

  • Makes about as much sense as the Eagles beating the Tigers.

  • But I can feel a turnaround Tuesday coming tonight; I can feel it in me waters.

  • It feels like the market in Australia has also shifted with more buyers chasing grain.

  • Last week on the Clear Grain Exchange there were a record 53 buyers wanting grain, which was the most buyers in over 2 years.

  • That’s telling me something.......

To read more, subscribe to Outlook Commodities Morning Commentary

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