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Grain Report Wednesday - 12th July

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 were all in the green last night, as the trade start to position themselves for the USDA S&D report on Thursday.

  • As mentioned, I am currently up in sunny QLD relaxing and enjoying the wonderful weather.

  • Each day is a beautiful 22 degrees.

  • However, this morning there was a Heavy Dew lying dormant on the grass on the Gold Coast.

  • I prodded him a few times, trying to wake him up, but he told me to go away. I hope he is OK.

  • Like the Gold Coast suns, things in Canada have not been great with 60% of Canada experiencing abnormally dry to drought weather with 76% of farmland affected. This is 6% up on last week.

  • However, Alberta is receiving some rain this week, but keep an eye on the Canadian spring wheat. If the US and Canadian spring wheat continues to suffer under stress, this is good for high protein wheats from Australia.

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