Grain Report Wednesday - 28th December

Our goal is to help growers and their agents determine the selling price for their grain by providing relevant price discovery each day. Check out the moves in overnight international markets and yesterday's actual traded prices across Australia. There's also market commentary giving context and comparisons to prices of international physical markets. If you need to change your offer price, simply edit it before market open.

What price do you want for your grain?

Login to Offer grain for sale

Click here to view recent trades and search the market

• Chicago wheat off slightly last night. Kansas wheat, corn and beans up.

• With the recent cold weather and snowfall in the USA, Kansas wheat will be supported due to winter kill.

• Corn is also finding some support as the Argie corn crop keeps going backwards due to dryness.

• A respected forecaster has cut the Argie corn drop by 1 million tonnes to 46 million tonnes.

• The USDA forecasted the Argie corn crop at 55 million tonnes in their December report.

• The Argie soybean crop forecast has been reduced again, with the forecast production to be around 43 million tonnes. The USDA forecast it to be 49.5 million tonnes.

• Also, the market views China coming out of Covid lockdown as supportive to corn and bean prices.

• It has been reported Thailand bought 63,000 tonnes of feed wheat at USD $340 Cost & Freight.

• This works back to AUD $440 FIS WA and AUD $415 Track East Coast.

• Based on recent markets, this sale is AUD $90 over WA ASW FIS prices and AUD $55 over SA ASW and AUD $50 over NSW SFW Track market.

• Australia exported just over 4.8 million tonnes of wheat, barley, canola and pulses over October and November.

• 54% was exported from WA, 18% from NSW, 14% from Vic and 7% from SA and 7% from QLD.

• The stems have 5.38 million tonnes loaded and planned for December.

• This would put exports around 10 million for the first 3 months of the marketing year and in line with 40 million tonnes of exports over the year.

• GrainCorp, CBH and Viterra make up 57% of wheat exports, 81% of Barley exports and 85% of Canola exports.

• Our largest wheat buyers are Indonesia and China.

• The largest feed barley buyer is Saudi then Japan.

• Belgium and the Netherlands make up 46% of canola shipments.

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 support@cgx.com.au