Grain Report Friday - 10th October
- Clear Grain Exchange
- Oct 10
- 1 min read
What price do you want for your grain?
Australia’s independent grain report—designed to help support your pricing decisions before the market opens at 10:00am AEST. If you need to change your offer price, simply edit it before market open.
Wheat and corn were flat. Soybeans fell on some profit taking. No change to the fundamental picture….there is plenty of grain available.
Grain central is reporting that grain values in the southern region have risen by up to $10/t in the past week in response to critically dry conditions which are biting into yield potential and seeing a bigger-than-expected area of cereals cut for hay. Concerns are mounting that potentially high yielding crops across the south will be lacking moisture to fill which may result in pinched grain with high screenings and low-test weights.
Lachstock is reporting that WA wheat is now cheapest into Asia with the recent rise in Black Sea values while China has booked 25 barley vessels from WA ports. No sign yet that there is an urgency to buy volume off the grower who is undersold, with the trade expecting plenty of harvest offers from the grower.
Barley is flowing across the north and being priced at $275/t delivered Downs feedlots with quality reasonable but lower than hoped for test weights of 68-69kg/hectolitre because of the tight finish.
For further market commentary please contact the CGX team on 1800 000 410
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