Grain Report Wednesday - 27th 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!
Quiet night on the markets last night.
The Egyptians have announced another tender for wheat. I wonder if the Ruskies will still only offer at USD $270 FOB, the Hokey Pokeys minimum floor price.
There have also been reports, following the last tender, the Egyptians have been in private discussions with the Ruskies to secure 1 million tonnes of wheat.
Once again, we are ahead of the curve as I reported after last week’s tender that the Egyptians and Ruskies will do a private deal that will be leaked to the world 2 minutes later.
Aussie APW is being quoted over USD $300 for new crop exports.
This works back to AUD $435 FIS WA and AUD $415 on the East Coast at parity.
But we all know on the East Coast, parity is a thing of the past. The market will be above parity to stop the boats.
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