Grain Report Friday - 16th February
What price do you want for your grain?
Overnight moves in international markets and yesterday's actual traded prices across Australia are below to help you determine your price. If you need to change your offer price, simply edit it before market open.
Look Out!
Markets had the rug pulled out from under them last night.
Probably best to just walk past and not look; it was ordinary.
The USDA Ag “Outlook” 100 Forum (yes, I am suing Bill Gates and BOM for copyright infringement for using my trademark brand), has come out with higher Yankie wheat, corn and bean stocks, which is all bearish.
The Egyptians, who have enough wheat stocks until the next Pharaoh's return from outer space to build some more pyramids, held a wheat tender.
At the time of writing, they are still haggling, just like they do at the Khan El-Khalili “sook” where you can buy papyrus pictures and sheeshas for AUD $5 after 2 days of haggling.
Best offer is from Ukraine at USD $222 FOB (Free on Board)
Imagine Richie Benaud announcing the result; the winner is Ukraine at USD $222 FOB.
Next best is Dracula’s country, Romania at USD $236.50.
Hokey Pokey has instructed his Ruskie traders to......
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