Grain Report Friday - 10th 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 off last night, with Kansas falling almost AUD $10 per tonne.
Nothing has changed in the world, apart from 4 grain industry legends taking out the GIAV Barefoot Bowls Championship yesterday afternoon.
Grain Terminals were closed for several hours as fans swarmed the ports to celebrate the victory.
In less important news, Thailand bought 60,000 tonnes of feed wheat at USD $337 C&F (Cost and Freight), which equates to FIS (Free In Store) WA AUD $430 or AUD $407 Track East Coast, and 60,000 tonnes of feed barley at USD $309.80 C&F (FIS WA AUD $390 / Track AUD $370).
The barley sale is AUD $40 over the East Coast Track values and AUD $70 over WA grower prices.
The wheat sale is also AUD $70 over wheat values in WA and AUD $40 over East Coast SFW Track values.
The export differences are pretty much the same whether barley or wheat is loaded.
The East Coast barley balance sheet is tight, and if the two Wong’s (Penny and her father) can get the Chinese Trade relationship right, this would be supportive to prices.
This could see elevation margins for barley potentially increase and be more attractive than wheat.
Like most government buildings in Australia, fitted with Chinese surveillance cameras, this is one to watch.
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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