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Grain Report Wednesday - 6th March

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!

  • Markets were off last night.

  • Some call it turn around Tuesday whilst us Aussies just call it choose-dee.

  • The market must be expecting a bearish USDA world supply and demand guess on Friday.

  • Buyers on the Eastern side of the globe have been buying cheap wheat, with Algeria paying USD $228 C&F (Cargo & Freight) and Jordan paying USD $236 C&F.

  • I don’t even know where it will come from, maybe Ukraine? If it came from Hokey Pokey’s house, it would make Ruskie wheat sub USD $200 per tonne.

  • That’s scary.

  • But prices increase as you............

To read more, subscribe to Outlook Commodities Morning Commentary

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