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Grain Report Wednesday - 15th 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)

Dominic Hogan Outlook commodities comments

Look Out!

  • Turnaround bright eyes, every now and then I fall apart.

  • It was Turn-Around Tuesday with markets taking a breather and easing off a little bit.

  • I think the market sell off is probably more about profit taking after some solid rallying over the last 2 weeks.

  • It’s always good to put a few chips in your pocket when you’re standing at the commodity futures roulette table.

  • There were no bearish fundamental changes apart from some murmurs from Hanrahan the Ruskie frost damage wasn’t as bad as first thought, and we are not all ruined before the year is out.

  • However, when you look at the numbers in some regions......

To read more, subscribe to Outlook Commodities Morning Commentary

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