top of page

Grain Report Tuesday - 19th December


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 and corn got smacked last night.

  • Beans and Canola were up.

  • Saudi bought some Milling wheat for USD $278 to USD $285 delivered between February and May next year.

  • Price variance is dependent upon which side of the country you drive your ship to, Red Sea or Arabian Gulf.

  • Hokey Pokey and Dracula (Romania) will most likely be the suppliers.  

  • Freight from the Ruskies is around USD $25 to Red Sea and USD $32 to Arabian Gulf, so it works back to USD $253 FOB Russia.

  • Add USD $50 for the premium for Aussie wheat, which is where we were selling this year when we had a 39 million tonne crop and wallah, USD $300 + FOB ex WA.  



  • The Chinese Xi Cricket Team imported a record 3.59 million tonnes of corn in November.

  • But China produced a record 289 million tonne corn crop this year.

  • Their hog market is a basket case as the economy is on its knees and everyone has run out of money to buy food.

  • So, apparently China has no demand for commodities this year, nudge nudge, wink wink, say no more.



  • There are 20,000 weather pictures of Brazil coming out every day, some are wet, some are dry, so who knows what will happen over there.

  • The December rainfall is forecast to be well below the average and the temperatures are the hottest in 24 years.

  • The forecast for the Jan – March period is for average rainfalls, but the crop might already be past recovery in the Matto Grosso region which is 30% of the planted soybean crop.

  • Reports now that Brazilian farmers are also delaying the purchases of fertilizer for the Safrihna corn planting.


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 now own and operate the igrain market for grain stored on-farm

igrain logo

If you have any queries, we're always here to help!

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

Call 1800 000 410 or Email support@cgx.com.au

8 views0 comments

Bình luận


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

Thanks for submitting!

bottom of page