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Grain Report Monday- 9th March


Market Almost Open - CGX daily report


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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 grain and soybean futures closed higher, supported by rising crude oil US wheat futures rose sharply (up 7% for the week) to approach a one-year high, with the escalating Middle East conflict fuelling short-covering ahead of the weekend.




BOM heavy rain in the north, some showers in the south. A large pocket in sth QLD and nth NSW as far south as Mudgee and Dubbo remains very dry.




$A under pressure this morning back under 70USc as safe haven $US lifts and concerns about impact of high oil prices on global growth increase.




WA canola markets +$10/t Friday and wheat +$5/t with strength mainly in milling wheats.


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