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Grain Report Wednesday - 3rd April

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 again last night apart from Matif canola, up EU $8.25 and Winnipeg canola was up CAD $1.00.

  • Palm Oil is driving canola values now, which is looking supportive as Indonesia may restrict exports, even though Matif has fallen AUD $20 since the March rally.

  • Current canola crop values are around AUD $630 - $640 Track on the East Coast and AUD $700 on the West Coast.

  • New crop values for the East Coast are quoted around AUD $680 and AUD $700 for the West Coast, so that WA premium erodes closer to the natural freight advantage. Maybe the WA canola oil doesn’t taste so much better than the East Coast canola oil.

  • The Indian government has asked.........

To read more, subscribe to Outlook Commodities Morning Commentary

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