Buyers actively trying to buy grain - Cropping update - October 22
On the doorstep of harvest, buyers have become more active on the exchange trying to secure grain and pushing prices higher.
Nervousness over the flow of grain out of the Black Sea, the fact global wheat consumption will exceed production again this year, more rain through the eastern states of Australia, and new crop harvest approaching, are all factors that saw buyers of Australian grain getting more active recently.
In addition to our MD Nathan Cattle’s thoughts on the grain market Elders’ Cropping Update of October USDA’s wheat global forecast and an update on local conditions.
Don’t miss this article and get ready for harvest.
CGX is an easy-to-use online exchange that enables growers to offer their grain at their price to all buyers and achieve its true value while being protected by anonymity and secure settlement.
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