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Grain Report Wednesday - 14th June


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!

  • Wheat relatively unchanged last night.

  • Corn was off in the nearby, but slightly firmer in the new crop position.

  • Beans were up, with vegetable oils firming since the end of May, which is good for canola.

  • Matif rapeseed has firmed around AUD $100 since the start of June and Winnipeg has AUD $55 over the same period.

  • This has translated into new crop values firming around AUD $45 over the last 2 weeks.

  • The market is continuing to compare the 2023 US corn season with the 2012 drought, where corn rallied over USD $3 per bushel (USD $118 per tonne) from mid-June to August.

  • US December corn futures are up around 40 cents/bushel (USD $15 per tonne) since the middle of May and the highest level since late April, and all this when the USDA is calling it a bin busting 387 million tonnes.


  • In other news, Bunge and Viterra went out to dinner last night and after numerous beverages, they went back to the hotel together? If they are now a couple, maybe their new name should be “Beera” as in, 2 Beera’s please barman.

  • Also Hokey Pokey is considering pulling out of the grain corridor deal again. He puts his corridor agreement in, he pulls his corridor agreement out, he puts his corridor agreement in and shakes it all about.

  • Lots happening in the world currently, with lots of moving parts.

  • If only you subscribed, I would show you what these moving parts are.

  • The next 2 weeks will be interesting, or not.


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