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Grain Report Wednesday - 3rd January

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!

  • 2024 has been a shocker so far, with markets off strongly last night.

  • It’s been happening all year.

  • Also, Bunnings have run out of timber, as the East Coast continues to build arks.

  • I might go the early Crow, just like Adelaide did in 2017 and call the 2024 Aussie wheat crop 28.6 million tonnes.

  • However, I will not be doing a cocky power stance, just in case a Tiger tears it apart.

  • The Aussie dollar is weaker, on the back of the USD strengthening.

  • It’s ironic how we report currency, because when one weakens, the other strengthens, because we are measuring one against the other.

  • It’s like saying Labour won because the Liberals lost.

  • Now here’s some bullish news for Oilseeds.

To read more, subscribe to Outlook Commodities Morning Commentary

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