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Grain Report Wednesday - 22nd November

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 Tuesday with markets all up last night.

  • Winnipeg and Matif canola were also both up.

  • Brazil is not improving, and some Hanrahan’s are already looking to cut soybean production by 20-30 million tonnes.

  • It has been so hot, a fan died due to extreme heat during the Taylor Swift concert.

  • Maybe that’s why Winnipeg canola is up CAD $43 since my birthday on the 1st of November and Matif is up EU $10 over the last 3 weeks, and our Track prices are up……hang on, our canola prices are unchanged?

  • That makes sense.

  • Add to this, the new Argie President Milei “Cyrus” wants to cut ties with China or is against communism.  

  • That’s interesting.

  • As the Aussie headers crank up and everyone catches wheat dust fever, ASX Jan 23 wheat has softened another USD $2 to get to almost contract lows at AUD $383.

  • The ASX Jan wheat contract peaked at AUD $434 on the 19th of September and has fallen AUD $51 since that period.

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