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Grain Report Wednesday - 1st 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!

  • Wheat markets off last night on the back of rain forecasts for Southern Russia.

  • Beans and canola were also off as we hit 2-month lows on palm oil.

  • The South American crop forecasting guru, Dr. Cordonnier lowered the Argie corn crop by 1 million tonnes to 49 million tonnes, which is 6 million tonnes lower than the USDA.  

  • The US Ag Attache’ has come out with the early crow and forecast the Australian wheat crop for 24/25 at 25.80 million tonnes, which is the lowest number we have seen.

  • They are forecasting lower.....

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