Grain Report Wednesday - 08th February
Our goal is to help growers and their agents determine the selling price for their grain by providing relevant price discovery each day. Check out the moves in overnight international markets and yesterday's actual traded prices across Australia. There's also market commentary giving context and comparisons to prices of international physical markets. If you need to change your offer price, simply edit it before market open.
What price do you want for your grain?
Look Out!
Markets mixed again before today's WASDE report.
Kansas March wheat futures (APW equivalent) was up 10 cents per bushel ( AUD $5.31).
Beans and corn were off.
It’s like moving pawns around a chess board, with the market positioning itself ready for the release of the report.
Just imagine if Australia had a fully deregulated market, where information flowed freely like the Murray River this year.
Imagine once a month, all farmers were updated with a Supply and Demand report to allow them to make better decisions on how to market their grain?
Imagine if stocks had to be reported and we could all just click on one page to find combined shipping stems and weekly exports and sales.
Information is so important to all parties buying and selling commodities, and until it becomes readily available and transparent for everyone, the market is not deregulated.
We have transparent trading platforms for buyers and sellers to transact.
CGX provides such a platform to list your product for the market to buy.
It’s like the Queen Victoria Market; farmers set up stalls on the CGX platform and put out their wheat, barley, canola and other products on display for the buyers to browse.
Buyers walk around with their Asian 'wheat-buying' girlfriends, pretending to not be interested.
“Oh, look” the Asian girlfriend says as she walks up to a stall with some wheat, “I just love it. Can we buy it? Please, please, please” she says and winks at her Big boy.
“How much?” the Big Boy says pretending to not be interested.
“$360 FIS Kwinana” the farmer says.
The Big Boy grunts, “I’ll give you $350” he says.
“Sorry, it's $360 FIS Kwinana” the farmer says.
The Asian girlfriend says, “Please, please, please, can I have it. I don’t like expensive corn, please, please” and winks at the Big Boy again.
“Ok, I’ll take it” says the Big Boy.
The Asian girlfriend squeals in delight and kisses the Big Boy on the cheek.
The farmer smiles and puts his wheat in a boat.
The Big Boy smiles, knowing he got a great deal.
A happy ending for everyone.
Most importantly 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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