Grain Report Tuesday - 15th 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 was off again last night. Corn unchanged and beans were up.
US Spring wheat conditions improved 1% from last week.so maybe the bleeding has stopped with this crop.
Corn was up 1% to 59 Good to excellent and beans were up 5% to 59% Good to excellent.
The nervousness and production concerns over the US row crops, corn and beans can now be dismissed, as no more to see here.
However, tensions remain high in the Black Sea region with more attacks on ports and disruption to vessels.
The Australian Oilseeds Federation (AOF) have come out with an Aussie Canola Crop at 5.59 million metric tonnes, which is a bit higher than other guru forecasts, who have the crop under 5 million tonnes.
They have WA at 2.58 million tonnes, which seems a bit higher than other forecasts. This number came from the GIWA July forecast, which also had WA wheat at 9.9 million tonnes.
I sit behind a desk, so what would I know, apart from these seem too high, but its mid-August, and things change.
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