Grain Report Thursday - 5th September
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!
It seems like the commodity boat has started to tilt back towards the centre as a few bears have started falling overboard.
Chicago wheat has firmed AUD $37 since last Friday.
ASX Jan wheat is up another AUD $5 yesterday and has risen AUD $19 since last Tuesday.
This might spark the market as buyers realise the world wheat balance sheet supports firmer prices.
There are also dry weather concerns in South America and the Black Sea region.
This can affect the planting of winter wheat crops in Russia and Ukraine.
In South America, the Argie wheat crop can be impacted, and Brazil soybean planting is delayed.
In the domestic markets, particularly in Victoria we are starting to see firmer values for old and new crop, as the concerns over production grow stronger.
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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