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Grain Report Wednesday - 7th February


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 like watching the Eagles play the Roos last night.

  • A bit of a dead rubber night as the market positions itself for the Yankie supply and demand pull a number out of your hat tomorrow night.

  • Not sure if we will see anything bullish, as the market has priced in lower corn and bean production in Brazil, and if the Yanks only make a conservative adjustment, this will be bearish.

  • If they go the whole hog and drop Brazilian corn by 10+ million tonnes, it is hard to gauge whether the market will bounce, as some of the trade already has Brazil below 120 million tonnes.

  • You’d sooner hold back the tide than to tame a market, Jim.


  • January was a fair bit drier in Argie, but rain is forecast over the next 10 days. My plumber mate has their corn crop forecast 5 million tonnes higher than the Yanks.

  • Maybe the Yanks will drop Brazil by 7 million and lift Argie by 5 to calm inflation to assist the re-election of Biden his Time.

  • Personally, I want Donald Duck to get back in as it gives me so much more material to put in my reports.

  • However, he is already stating if elected, he will put trade tariffs on China again, which is not great for their commodity prices.


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