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Grain Report Tuesday - 23rd January

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!

  • Yawn: markets remain unexciting, despite 2 major conflicts and supply chain disruptions.

  • None of that seems to matter, and just like Covid deaths, the world is comfortable with these conflicts.

  • Regarding Covid, Victorian farmers are demanding mandatory mask wearing mandates be brought back in so no one can see the smile on their faces after a bin buster harvest and 10 inches of rain over December.

  • We have seen a small rally in oilseeds on the back of higher vegetable oil prices.

  • Canola is trading at AUD $635 Track East Coast/SA and AUD $705 Western Australia.

  • This is up AUD $25 per tonne from last week.

  • I still don’t understand why WA is AUD $70 premium over the East Coast, maybe their oil tastes better.  

  • Victorian Canola into Europe would land around USD $450 per tonne and WA Canola would land at USD $490.

  • Wee, wee, common telly view, may I have some Victorian canola seed, tray be anne.  Pardon my French.

  • Few things make sense to me these days.

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