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Grain Report Tuesday - 24th January

Our goal is to help growers and their agents determine the selling price for their grain by providing relevant price discovery each day. Check out the moves in overnight international markets and yesterday's actual traded prices across Australia. There's also market commentary giving context and comparisons to prices of international physical markets. If you need to change your offer price, simply edit it before market open.

What price do you want for your grain?

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!

  • Markets got smashed last night on the back of some rain in Argentina and US plains.

  • Also, China has shut up shop for a wee, to celebrate the year of the Karren.

  • Talking about Rabbits, China is buying most of their barley from France, one of the EU origins approved by China.

  • French barley is currently trading at USD $329 FOB (free on board) or AUD $440 FIS (free in store) WA and AUD $420 track east coast.

  • I reckon at those values; we could dump a heap of barley into their market.

  • But I am against dumping cheap barley into the Chinese market; yes, I am anti-dumping.

  • In more startling news, the earth’s inner core has stopped spinning in the same direction and might even be rotating in the opposite direction.

  • This core is the size of Pluto, which means absolutely nothing to me as I have never been to Pluto?

  • However, this explains why my golf game was off on Saturday…I knew something was out of whack.

  • Indian wheat prices continue to rise, hitting record highs, as their government has delayed releasing extra stocks to dampen the panic. Their new crop harvest is still a few months away.

  • When will they step in to buy?

  • In Australia, our markets will be under some pressure with the AUD now over 70 cents.

  • New crop wheat (Jan 2024) will also be softer.

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

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