top of page

Grain Report Wednesday - 16th August

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!

  • Red dials all over the shop last night, with all markets apart from canola, coming off.

  • Market is concerned about the Chinese economy as they cut interest rates, but other than that the world markets are dead boring with not much really happening.

  • Not sure what I will do tonight; hopefully, there is something interesting on the TV to watch?

  • Chicago wheat has dipped back under USD $6 per bushel in the nearby. It feels oversold.

  • Good news with the AUD weakening increasing returns to Aussie growers.

  • I was wrong, calling basis around AUD $40. It is now around AUD $60. I am happy to take that on the chin.

To read more, subscribe to Outlook Commodities Morning Commentary

CGX subscriptions

By subscribing to the Outlook Commodities Content you agree to CGX Subscriptions terms and conditions

CGX Footy Tipping Leaderboard

Most importantly we're always here to help!

Please give us a call or email if you have any questions.

Call 1800 000 410 or Email

29 views0 comments

Recent Posts

See All


Do you want to know more?
Subscribe to our newsletter.

Thanks for submitting!

bottom of page