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Grain Report Wednesday - 10th May

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)

Comment by Dominic

Look Out!

  • Kansas wheat continues to firm in the nearby and up slightly up in the new crop December position.

  • However, Chicago wheat is about as loved as Meghan Markel and continues to slide backwards, hopefully eventually out of sight.

  • Corn and Beans were also off.

  • Everything is good in the world, finally.

  • There are no black sea tensions and less vessels being registered through the corridor to load ex Ukraine.

  • This corridor deal ends on the 18th of May – or does it end in just over another 2 months? I still don’t think it was ever confirmed whether the extension was 60 days or 120, but with anything the UN does, it is always a confused fiasco; just look at how the Oil for Food deal was managed by those Muppets.

  • I was sitting at the Lalbert pub the other day with an old mate, and we were talking about the Oil for Food deal and how the UN are a joke and how they will also screw the Black sea trade corridor up.

  • My mate put a redfin on the bar and bought 2 schooners.

  • The barman poured them and handed back $8 bucks change.

  • “Jeeze, you don’t get much for $12 bucks” Goose said, “now tell me all about the markets Dom, what do you think about the ending stocks of the major exporters next year, and the Aussie crop? What about Canola seed, and that Canadian crop? Isn’t it hot in Canada?”

  • “Sorry Goose, you just spent your $12 bucks on 2 beers. For the same amount, you could have subscribed to my daily commentary and got all this info every day”.

  • “Well, your next shout, so I will pass, and you can just get me a monthly subscription”, Goose said with a grin.

  • Good old Goose, always wheeling and dealing; a very smart gr

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