Grain Report Monday - 21st 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!
Markets all up on Friday night as a few bullish stories and events hit the markets.
Firstly, it’s hot, and dry in the US which may drop corn and bean yields. Not a game changer, but supportive to prices.
Get it India looks to be having their driest August on record, which will affect summer crops.
Has anyone noticed we seem to be setting weather records all over the world this year?
Tensions in the Black Sea went up a notch as export ports are the new target for drones.
There are also “unconfirmed” reports Russia, Turkey and Qatar are working on a new grain deal to supply grain to poorer countries.
Now add in the wild card, which I mentioned the other week. An El Nino weather event in the Southern Hemisphere can impact Brazilian rainfall.
Brazil is now a major player in Corn and Beans.
The USDA forecast Brazil will produce 163 million tonnes of beans in 2024, which is 40% of world production.
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