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Grain Report Tuesday - 5th March

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 all up last night.

  • South American weather is ok, but China is looking for more corn.

  • I wonder if they would like some more barley.

  • A Bear in There raised the Aussie wheat crop to 26 million tonnes. They also called the barley crop 10.8 million tonnes, which my plumber mate reckons is too high, especially with some test weight concerns in Southern Victoria due to rains over harvest. The bear called the canola crop 5.7 million tonnes, which is around the mark.

  • The Yanks will put their world supply and demand guesses out on Friday, so I will put $5 bucks on them shifting their Aussie crop number to 26 million tonnes.

  • Now let’s do a back of the envelope supply and demand for Aussie...........

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