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Grain Report Tuesday- 24th October

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!

  • Wheat was basically unchanged last night, up 1 cent a bushel, whilst beans and corn were both off on the back of South American rainfall.

  • The US Corn harvest is 59% completed and beans 76% completed.

  • US Winter wheat is 77% planted.

  • It would be great to be a fly on the wall at the meetings between Albo and Biden this time.

  • “Hello Joe, how’s our nuclear Submarine going, can I drive it back home with Julian Assange?”

  • An anonymous source who used to work in the Kremlin has reported Hokey Pokey had a cardiac arrest in his private Moscow apartment.

  • Maybe he saw that Ruskie wheat prices are being quoted at USD $240 FOB (Free on board) levels when he has told everyone not to go below USD $265 FOB for private deals.

  • Or maybe he read the Aussie that some local analysts are now calling the Australian crop at 26-28 million tonnes on the back of better-than-expected yields.

  • I think the local analyst needs to see an analyst.

  • My mate, the plumber next door, still hasn’t moved his forecast over 24 million tonnes yet.

To read more, subscribe to Outlook Commodities Morning Commentary

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