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Grain Report Wednesday - 6th September

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 quiet last night with wheat and corn up slightly and beans off slightly.

  • US Corn crop conditions dropped another 4% this week to 53% Good to excellent.

  • Soybean also dropped 5% to 53% Good to excellent, which should be supportive to oilseeds.

  • But Winnipeg Canola was off CAD $15 last night and MATIF off EU $10.

  • But crop conditions are released after these markets have closed, so maybe a rebound today.

  • The Aussie dollar is under 64 cents, which is good for our prices.

  • Talking about our prices, which I am meant to do, that new crop ASX piece of January 2024 paper is up another AUD $8 bucks today, settling at AUD $418.

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