top of page

Grain Report Tuesday - 28th February

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!

  • Overseas markets continue to fall as the world becomes comfortable with Supply and Demand and no real issues in the Black Seas region.

  • Also, there are no problems with Argie corn and the planting pace of the second corn crop in Brazil, which is well behind.

  • Maybe the trader's brain lays dormant over winter and emerges as the snow melts in spring.

  • Reports India’s Canola crop yields might have been reduced due to February heat waves and frosts, which could reduce their crop from 12-12.5 million tonnes to the same as last year, 10.5 million tonnes.

  • This must affect the wheat crop too, so watch this space. Maybe a repeat of 2022, where a record wheat crop deteriorated over the Feb-March period.

  • Australia has exported 18.4 million tonnes of commodities over the 1st 5 months of our marketing year (October – February).

  • One day, someone will explain to me why our marketing year starts on the 1st of October and not the 1st of November (my birthday), which is when all great things commence.

  • Anyway, Australia has exported around 11 million tonnes of wheat so far, almost 3 million tonnes of barley and 3 million tonnes of Canola.

  • I would love to show you the breakdown of each state, so you could see who is exporting what to where, and where we are ahead of pace and the impact of this on carryover stocks, supply, and demand and how this could affect prices. You could then weigh up your options, talk to my plumber next door and make well-informed decisions on what price to list your grain on CGX, but unfortunately, unless you pay for this information, you are kept in the dark.

  • But, if WA are exporting 1 million tonnes of wheat per month, when the Canola exports slow down, maybe wheat and barley exports go up a notch and that big carryover shrinks a little.

  • The East Coast balance sheet is tighter, which is being reflected in prices starting to get closer to export parity for wheat and barley.

  • However, barley exports are a bit behind the pace in Victoria.

  • Maybe we are all just waiting for China to kiss and make up, which went up another notch now Brazil has a crazy cow.

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

26 views0 comments

Recent Posts

See All


Do you want to know more?
Subscribe to our newsletter.

Thanks for submitting!

bottom of page