Grain Report Thursday - 15th 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!
Look Out!
Sell the farm, we’ll all be ruined said Hanrahan as markets all came off again last night.
ASX March wheat futures go smacked and settled AUD $8.50 lower at AUD $354.50.
If we used that as an indication as the lowest pricing point of the East Coast wheat market, Portland Tack APW, it would convert to USD $263 FOB (Free on Board) or USD $23 (AUD $35) per tonne under export parity values ex WA. Happy to concede USD $5 – $7 for Ocean freight, but USD $23 is just being silly.
Mexican farmer, do you know what the market is bidding for your up country APW in a BHC silo.
Go on, take a guess.
“AUD $355 track, the same as the ASX March contract, which is Portland track equivalent”.
Don’t be silly, there is no world demand, we had great summer rains and East Coast wheat is completely worthless compared to WA wheat.
Oh, I didn’t know that. Ok are they bidding ......
To read more, subscribe to Outlook Commodities Morning Commentary
By subscribing to the Outlook Commodities Content you agree to CGX Subscriptions terms and conditions
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
Comentarios