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Grain Report Monday- 2nd March


Market Almost Open - CGX daily report


What price do you want for your grain?

Australia’s independent grain report—designed to help support your pricing decisions before the market opens at 10:00am AEST. 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



Dominic Hogan Outlook commodities comments


US wheat futures rallied hard as US/Iran military conflict sparked short covering by funds.


Soybeans rose to a 20-month peak.


European rapeseed futures moved steadily higher during January–February, approaching levels last seen in mid-2025.


$A retreated sharply from above 71USc to 70.5USc following US attack on Iran.


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.   


For further market commentary please contact the CGX team on 1800 000 410



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