Grain Report Friday - 29th August
- Clear Grain Exchange
- Aug 29
- 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.
Global wheat prices extended their fall overnight to a new one-week low on growing global wheat production and limited buying interest. A step up in Black Sea exports will likely see global wheat prices make northern hemisphere harvest lows sometime in September.
Soybeans were supported by the market shifting its focus to rumoured US/China talks this week.
Domestic delivered bids are steady to $7/t lower with most pricing pressure evident in the north on barley. Old crop barley delivered Downs is down $7/t to $308/t and new crop $10/t lower at $305/t. Wheat is $1/t lower on old crop at $326/t and $4/t lower on new crop at $326/t with old and new crop markets converging with the start of harvest 4 weeks away.
Southern markets remain at $355/t wheat and $325/t on barley.
Not very encouraging.
For further market commentary please contact the CGX team on 1800 000 410
CGX now operates igrainX for grain stored on-farm
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