Grain Report Friday - 14th November
- Clear Grain Exchange
- 12 minutes ago
- 2 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.
Corn and soybeans rose on positioning ahead of the USDA report and hopes that it will find slightly lower yields and better than expected exports.
Locally, in the north, wheat and barley has strengthened $5-10/t to $335/t & $310/t Downs as farmers prepared to store and wait. There are some premiums for milling wheat grades at selected sites with competition from millers and some trade shorts.
In the south, Melbourne prompt end user markets are firm at $375/t for ASW, H2 $385/t and H1 $405/t with shorts looking to extend cover to protect against harvest delays. New crop delivery positions are at a $20/t discount.
BOM has rain for most of the east coast and some through the WA south-east and south coast.
$A nothing doing….it’s moving up and down with risk sentiment with markets starved of economic data during the US Government shutdown.
I’m not expecting the USDA reports to be market moving with consensus that yields are lower than previously estimated already mostly priced in. Just hard to make a case for higher prices with production estimates and carry-in stocks rising and no nearby threats to new crop. At least cattle feeding margins are solid and feed grain consumption is rising but not enough to reduce grain stocks.
For further market commentary please contact the CGX team on 1800 000 410
CGX operates igrainX for grain 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
Comments