Grain Report Friday - 23rd February
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.
Look Out!
Wheat was unchanged to off slightly last night.
Row crops, corn and beans were softer.
A group of South Korean flour mills is tendering to buy 136,400 of wheat from Australia, USA and Canada.
This is broken up into different milling wheats and 50,000 will be from Australia, 50,000 from the USA and 36,400 from Canada.
Aussie basis is back to AUD $6.60 which is well below where it should be trading for a 25 million tonnes wheat crop.
The ASX March wheat settled at AUD $333.50, which works back to a USD $250 FOB (Free On Board) value ex Portland.
Yet, West Australian APW ......
To read more, subscribe to Outlook Commodities Morning Commentary
By subscribing to the Outlook Commodities Content you agree to CGX Subscriptions terms and conditions
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
Comments