Grain Report Wednesday - 9th October
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.
Quiet night….wheat firm on poor winter crop planting conditions “everywhere you look there are less than ideal seeding conditions”
Corn and beans lower on rapid US harvest pace and expectations of rain across Brazilian soybean belt where only 4% planted to date less than half last year’s pace
Russia is making a concerted effort to disrupt Ukrainian Black Sea supply routes….not overly reassuring for those countries reliant on Ukrainian grain
News of dry weather and less than expected production in Australia and Argentina starting to hit news wires
USDA S&D report out Friday night with trade estimates for end stocks 252-259mt vs 257 USDA September with avg guess 256mt. It’s not going to go up but will USDA massage the numbers to reduce volatility?
Canola and rapeseed down sharply as short covering ended, and attention turned to weaker oil markets and concerns about Chinese demand
$A steady in mid 67USc as China’s stimulus announcement underwhelms
BOM rain (15-50mm) for entire east coast cropping belt, SA and north-west VIC to miss out
ASX steady at $333/t
24/25 Best Bids
Kwinana APW1 $371/t (+3), BFED1 $320/t (+2), CAN1 $810/t (+20), CAG $721 (+15)
Geelong APW1 $353/t (+4), BAR1 $318 (+6), CAN EU $755/t (+7), CANG $705/t (+12)
Clear Grain Exchange (CGX) Open Market Call
Steady to higher
For further market commentary please contact the CGX team on 1800 000 410
CGX now own and operate the igrain market for grain stored on-farm
If you have any queries, 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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