Grain Report Friday - 30th August
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!
Chicago wheat was firmer again last night.
Corn and beans were also up.
ASX Jan wheat is up AUD $6 since the start of the week.
It feels like the markets are starting to swing the other way as a bit of demand starts to creep back in.
As predicted yesterday, after China said they will stop buying barley and sorghum, they purchased 118,000 tonnes of Yankie sorghum.
Prices are starting to firm in the Black Sea, which is also resulting in EU prices increasing.
French wheat is up USD $7 over the month.
There are a few concerns in the EU with the size and quality of the French and German wheat crops.
They are also reducing production numbers for other commodity crops like barley corn and canola.
For further market commentary please contact the CGX team on 1800 000 410
CGX now own and operate the igrain market for grain stored on-farm
If you have any queries, 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
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