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Grain Report Wednesday - 26th April

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)

Look Out!

  • The Chicago market has hit its lowest level since mid-July 2021 at 639 cents a bushel, or USD $235 per tonne.

  • It has fallen USD $20 per tonne since the start of the year, which doesn’t sound as dramatic as saying it’s at its lowest level in almost 2 years. So, I will stick to the lowest level in 2 years, as it strikes fear into the hearts of all growers.

  • The sky is falling on our heads; we are all doomed! We are starting to sound like Tiger supporters. Sack Hardwick, off with his head.

  • But there are still a few bullish drivers in the market; so it’s not all doom and gloom, and it's mathematically possible for all teams to make the 8.

  • There are some production concerns in Eastern Russia, and the gurus are calling the 23.24 crop around the 84 million tonnes, which is a significant drop from last year.

  • The Ukrainian wheat crop is forecast at 16.2 million tonnes, which is also down 2.7 million tonnes from last year. Their exports in 23/24 are forecast to be under 9 million tonnes, which is 4 million less than this season. Basically Ukrainian wheat exports have been halved since the invasion? Who makes up this gap next year?

  • The US Hard Red Winter wheat crop is rated at 26% good to excellent, which is the lowest rating for this time of year since 1989.

  • The Grain Corridor to continue exports from the black sea expires on the 18th of May, and Hokey Pokey doesn’t want to extend it unless there are some changes to current sanctions placed on Russia.

  • Russian exports for April are forecast to be less than 2 million tonnes, more than 50% lower than previous months. Something is going on there, with the major international exporters departing this market (or being asked to leave).

  • So, don’t tear up your Tigers memberships just yet, and don’t just quit your grain just yet. Lots to play out; lots of boats to load and buyers need your grain, so offer it on CGX, but offer it at the price you want, who knows what might happen, because I have no idea?

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

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