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Grain Report Wednesday- 7th January


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 edged higher as dry conditions in the US Plains and rising tensions in the Black Sea export region supported prices under pressure from ample global supplies.




BOM has rain for QLD over the next week with little anywhere else.




Non-GM canola prices have risen $15-20/t in line with …




Track cereal markets in the Kembla zone are carrying a $20/t premium indicating that there may be a supply deficit in the region, particularly if current conditions prevail into autumn.




Notable international developments that could impact local prices; US sorghum back into China and Canadian/Chinese discussions on access for Canadian canola products.


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



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