Grain Report Friday- 25th July
- Clear Grain Exchange
- Jul 25
- 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.
The weekly USDA export sales report was positive across the board, with solid corn sales and wheat sales hitting a marketing year high of 712,179t for the week, above estimates of 500,000t but you would expect some lift given the discount to other markets.
Russian seaports are in chaos because of a Presidential order that requires approval from the FSB of Russia for the entry of vessels under foreign flags. However, due to the lack of clear regulations on interaction between the Ministry of Transport and the FSB, the ports are effectively paralysed.
Local market remains in standoff with local growers prepared to wait and hold with a weather system approaching and most business on hold due to the Grains conference in Melbourne next week where everyone tries to guess what the size of the Australian wheat crop will be having little regard for objective measurement with estimates likely to reveal more about their trading position than anything tangible or credible. The unusual situation developing with Black Sea supplies would be enough to hold tight on sales for me.
For further market commentary please contact the CGX team on 1800 000 410
CGX now operates igrainX 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
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