Grain Report Friday - 20th January
Our goal is to help growers and their agents determine the selling price for their grain by providing relevant price discovery each day. Check out the moves in overnight international markets and yesterday's actual traded prices across Australia. There's also market commentary giving context and comparisons to prices of international physical markets. If you need to change your offer price, simply edit it before market open.
What price do you want for your grain?
Look Out!
Markets all off last night; all is good in the world, now that a bit of rain is forecast for Argentina.
It's amazing what a shower can do.
Argie corn crop is not out of jail, but maybe in another week, it may sit before the parole board.
China has too many pigs and the cost of production is greater than the value in the market; sounds a bit like farming some years.
It’s a sweet and sour situation (see what I did there).
The Australia Cricket team (Xi) President Ping has asked farmers to stop producing to reduce herd size.
Also, interestingly, China’s population reduced in 2022 with more deaths than births.
India is “potentially” the world's largest populated country.
A German Environmental Minister is making a proposal to withdraw from using crops to make biofuels.
This is a potential storm brewing, as recent high food and commodity prices driven by the Black Sea situation is fueling this shift; but fueling it with a desire to use waste instead of crops to make biofuels?
I might buy a DeLorean with a Flux Capacitor.
If this new environmental shift flows through to other countries, it has huge impacts on oilseeds and corn.
It seems the world is comfortable with the current wheat and corn balance sheets.
However, as crops come out of dormancy in Feb-March, if a production problem arises in one of the majors with see volatility return to the market.
Most importantly we're always here to help!
Please give us a call or email if you have any questions.
Call 1800 000 410 or Email support@cgx.com.au
Comments