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Grain Report Wednesday - 28th 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!

  • Turn around bright eyes.

  • Markets were all firmer last night.

  • Even corn was up after hitting a four year low on Monday night.

  • A little bit of hot weather moving through the US which might dampen bumper corn and bean yields.

  • Matif and Winnipeg canola were also both up as well.


  • Indonesia is planning to increase the inclusion of palm oil to 50% in biodiesel.  

  • This would be supportive to oilseed prices, although it’s still hard to get bullish for canola given the soybean balance sheets.

  • Domestic wheat prices in Russia continue to strengthen. 

  • That’s interesting, given the overall bearish tone in the markets, driven by cheap Russian and Black sea wheat prices.

  • The Argie wheat crop is under a bit of stress, with dryness and frosts knocking it around a bit.



For further market commentary please contact the CGX team on 1800 000 410


 

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


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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

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