Grain Report Friday - 20th 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.

Login to Offer grain for sale

Click here to view recent trades and search the market

Look Out!

• It appears Wang Wang and Fu Ni have returned as the markets were all off last night.

• And with the US Reserve Bank dropping interest rates by ½ percent, the US dollar weakened, and the Aussie dollar rose over 68 cents.

• ASX Jan wheat was also off yesterday by AUD $3 to AUD $327.

• The International Grains Council released their world S&D guess last night.

• They dropped world wheat production by 1 million tonnes to 798 million tonnes, which is 1 million more than the USDA guess.

• They dropped the EU wheat crop from 124.80 million tonnes to 122.40 million tonnes and reduced exports by 3.4 million tonnes to 29 million tonnes.

• The French wheat crop forecast just keeps going backwards. The Ag Minister in France has slashed French wheat exports to 4 million tonnes from 6.5 million tonnes in July.

• To offset the drop in EU exports, as they are running out of countries to pick up the gap, they increased the Aussie wheat crop by 1.7 million tonnes to 31.8 million tonnes and they increased our exports by 3 million tonnes to 24.5 million tonnes. To offset these adjustments, as our stocks will go too low if they increase the crop by 1.8 and increase exports by 3 million tonnes, they reduced our consumption by 500k to 7.7 million tonnes. Apparently, our animals will eat less in 2024/25. But the numbers still don’t add up, as our ending stocks only dropped by 100k, so their numbers are 700k out? The numbers must have a little bit of rubber in them.

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