Grain Report Wednesday - 26th July
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!
Some in the market call it Turn Around Tuesday, but I like to play Bonnie Tyler.
Turn around Every now and then I get a little bit nervous That the best of all the years have gone by Turn around Every now and then I get a little bit terrified And then I see the look in your eyes
The look in my eyes is astonishment, there is nothing I can do, it’s a total eclipse of the fundamentals.
Did Hokey Pokey back down? No!
Did the weather in the US corn belt improve? No!
But the US markets traded like the Hawks in the last quarter against the Tiger’s, completely pathetic.
I stand by my position (not my wheat position), but the world situation is still very volatile and world prices are on the rise, unless a resolution is reached?
Even the IMF agrees with my view as they have reported world “could” increase by 10-15% due to the closure of the Black Sea export corridor.
An increase on world bottom values of 15%, equals a USD $30 rise.
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