Be ahead of Aussie price changes with 'Market Almost Open' report.
Every morning before the CGX market opens, you receive a snapshot of overnight global grain movements and yesterday's CGX traded prices.
It takes less than a minute to read and can help guide any changes in your offer prices. Remember, you're able to edit your offer price any time before it trades.
You'll recognise the email header below, make it part of your morning routine while enjoying a coffee.
Kochies comments on what's actually impacting prices
Richard Koch, grain market analyst at Elders, provides daily market commentary available exclusively through CGX. There's a sample of his wisdom below.
Richard connects the dots between what's happening globally and what it means for prices here in Australia. The intent is to provide you detailed analysis of potential price movements so you can edit your offer price if needed.
His commentary is included in the 'Market Almost Open' report and inside your CGX account under the commentary section - it's an opt-in subscription.
You can subscribe for the full daily comment below.
Expert Market Commentary (Monday, March 2nd)
"US wheat futures rallied hard as US/Iran military conflict sparked short covering by funds.
Soybeans rose to a 20-month peak as investors weighed likely increase in crude oil prices which would support veg oils through increased biofuel demand.
Corn scaled a seven-week top, fuelled by technical buying and spillover support from wheat.
$A retreated sharply from above 71USc to 70.5USc following US attack on Iran. Crude oil traded above $80/bll over the weekend with the closure of the Strait of Hormuz likely to push oil above $100/bll.
BOM: it is still raining through western NSW and central Vic and forecasts are improving for widespread rain 25-100mm across NSW/VIC the next few days with the heaviest falls through river regions of NSW/VIC. Heavy widespread falls of 50-100mm through most of SA, western VIC and south-west NSW and western Riverina over the weekend.
A weaker $A and stronger futures pushed international grain futures $10-15/t higher into the weekend. Commodities are often seen as a haven to park some money and as a hedge against inflation. The large grain short will be very nervous about a prolonged conflict in the Middle East which should create some fireworks when markets reopen tonight.
The rain is very supportive for southern grain growers and should start to get some grain moving. Should be a lively week. I would be putting some grain on offer for sale today at least $10/t above recent trades and let the market do its work."
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