Grain Report Friday - 19th January
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!
Turn around Thursday last night with all markets in the green.
Even Matif wheat and Canola were also up.
Matif wheat is firming on crop production falling away due to excessive rains in France and Germany.
But usually rain makes grain, so you end up with a 10% loss due to rain and the other 90% of the crop has higher yields due to rain.
China’s imports for 2023.
Wheat 12.10 million tonnes versus 9.92 million tonnes in 2022.
Barley 11.33 million tonnes versus 5.75 million tonnes in 2022. That’s almost double; burp.
They have also imported 27.13 million tonnes of corn versus 20.55 million tonnes in 2022.
At the same time, the number of babies born in 2023 was a pidley 9.02 million, which was 560,000 babies less than 2022.
China’s population is declining, but demand is increasing.
But I only threw the baby in with the bathwater as something that was interesting, but not relevant to the 2023 import demand.
Imports increased because China may have had some production issues in wheat and corn last year.
They have also been buying lots of US and Aussie wheat, along with some French crap.
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