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Grain Report Wednesday- 6th December

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!

  • Wheat markets up again last night as the Chinese Xi Cricket team step up to the deli counter once more and buy another 198,000 tonnes of US Soft Red Winter wheat.

  • Not sure why they didn’t round it up to 200,000.

  • That’s 600,000 tonnes in the last couple of days.

  • I wonder how much more we are selling to them on top of the large purchases they have already made.

  • I long for the day when our sales are reported like in the US.

  • Unfortunately, there is still a bit of pressure on the oilseeds markets with softer veg oil prices.

  • Winnipeg canola was off AUD $11 per tonne last night.

  • Canadian canola futures have fallen CAD $130 since the start of September, which is around AUD $150.

  • However, on the positive side, the weather in Brazil is still not that positive.

  • The Egyptians are also in the market to buy some more wheat.

  • It doesn’t impact Australia as our wheat won’t go close to competing there, but it gives us an idea of where the bottom of the market is.

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