Grain Report Wednesday - 27th December
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!
The Boxing Day Sales saw a buying frenzy in the US, with wheat up AUD $11 per tonne last night.
A little bit of tension has returned to the Black Sea region, with Ukraine blowing up a Russian vessel.
Also, it appears the market did some last-minute Christmas shopping at the ASX Shopping Centre last Friday, with Jan 2024 settling up AUD $11 per tonne.
Unfortunately, the Aussie Dollar continues to firm, or the US is weakening.
It's up almost 5 cents since my birthday on All Saint day, the 1st of November.
A USD $290 FOB (Free on Board) price on All Saints Day would be AUD $460.
Today that conversion would be AUD $426 or a lower domestic wheat price return of AUD $34 per tonne, purely on currency firming.
As mentioned previously we need the Argie president, Milei Cyrus to come and buy me some flowers, say things I don’t understand, take me dancing and hold my hand.
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