Grain Report Tuesday - 19th 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!
Markets got smacked last night, with Beans off the most.
MATIF and Winnipeg Canola also had their pants pulled down.
The US corn crop reduced 1% in its good to excellent ratings to 51%. Beans remained unchanged at 52% good to excellent.
The harvest has started on both these row crops, with corn 9% harvested and Beans 5%, and in another 2 weeks as harvest progresses, crop conditions are no longer relevant.
Interesting import figures released for China, who we have been concerned about their economy and the impact of deflation
Over the January to August period, they have imported 6.2 million tonnes of Barley and 9.5 million tonnes of wheat.
At the same time last year, they had imported 3 million tonnes of Barley and 4.5 million tonnes of wheat.
I can see why they wanted to resume Barley trade with Australia.
French barley landed into China is around USD $285 per tonne C&F (Cost & freight). This would work back to USD $265 FOB (Free on board) WA or AUD$380 FIS (Free in site) WA for feed barley.
Working it back to the East Coast, it would be AUD $350 Track, which is below current new crop barley values.
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