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Grain Report Monday- 18th December

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 up on Friday night as the roller coaster ride continues.

  • This is how the US markets work now.

  • Market drops, the Chinese Xi Cricket team buys some SRW.

  • The market then rises, and the Chinese Xi Cricket team goes back into the dressing rooms.

  • Market drops, the Chinese Xi Cricket team buys some SRW.

  • Repeat.

  • This is more interesting. US export values are firming, Hard Red Winter wheat is up USD $21 per tonne over the month of December and Soft Red Winter wheat is up USD $23 per tonne.

  • Hang on, aren’t US exports sluggish, world demand is dead.

  • It’s amazing what a little bit of Chinese buying will do.

  • Ruskie wheat values were also up USD $6 over the last month.

  • So how much were Aussie wheat values up over the last month because we only have a 25 million tonne crop at best and exports are almost half of what we did last year.

  • Zip. Nadda. Zero. Not one cent.

  • Yep, that’s right, world values are firming, and Aussie values are softening.

  • Shut up and take my money.

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