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Grain Report Wednesday - 14th February


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


Dominic Hogan Outlook commodities comments

Look Out!

  • Markets are about as exciting as watching the NRL grand final and then the Rugby world cup all in one night.

  • Happy Valentine’s day NSW and QLD, I am finally showing you some sporting love in my commentary.  

  • It's February, which in the Northern Hemisphere is the same as July in our cropping season, so apart from some winter kill and snow thawing, crops are dominant.

  • However, in the back end of their season, supply does start to tighten up slightly as old crop supply tightens.

  


  • At the same the buyer also tries to stretch out inventory, holding out to buy cheaper new crop.

  • I still think demand will swing to our side of the world through the April – June period.

  • South Korea booked............


To read more, subscribe to Outlook Commodities Morning Commentary


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