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Grain Report Thursday- 8th January


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


The US grain complex was firmer overnight supported by sales of US soybeans to China and dryness concerns across the US Plains.




BOM rain for QLD and northern NSW, very hot through southern Australia today reaching 45 in Swan Hill.






$A steady at 67.2USc cooling a little with slight easing in monthly local inflation numbers.






Canola was up $5-10/t in track markets and sorghum is up to $350/t in Newcastle (better than hard milling wheat numbers) with exporters keen to own on the expectation of Chinese demand, despite US sorghum sales to China recommencing.


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



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