Grain Report Thursday - 29th 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!
Wheat markets up again last night.
Corn and beans were off though.
Reports are coming out about the poor-quality French wheat crop and only 25% makes the minimum export test weight (76kg/hl). Their protein levels are also lower this year in what some are saying is the smallest crop in over 40 years.
This major production issue was reflected in the markets with Matif wheat up EU $4.75 (AUD $8) last night.
It looks like China is about to step up and buy Aussie barley and sorghum because last night they came out and said they are telling major buyers not to buy barley and sorghum.
Bloomberg reported people who asked not to be identified as they are not authorised to talk about sensitive topics publicly re China, spoke about sensitive topics publicly, advising major Chinese grain buyers have been instructed to curb the buying of barley and sorghum from November through to the 1st quarter of next year.
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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