Grain Report Friday- 3rd November
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!
Markets unexciting last night, apart from oilseeds which saw soybeans and canola firmer.
It’s all boring out in the world apart from a couple of conflicts.
The one in the Middle East has gone up a notch with tensions increasing as other country “groups” become involved.
Some concerns in Europe with excessive rains in France hindering the planting of their wheat crop, but probably an exaggerated concern as rain makes grain.
On the flip side, it was dry in the regions of Russia and Ukraine, as well as some concerns in Canada as they commence their winter wheat planting.
The Grains Exchange in Buenos Aires had reduced the Argie wheat crop by 800,000 tonnes to 15.4 million tonnes. The Yanks have the Argies pencilled in at 16.5 million tonnes, which is too high.
Other analysts have this crop under 15 million tonnes.
At the end of the day, it knocks another 1 million tonnes off the major exporters balance sheet; but hey, nothing to see as another building explodes behind the reporter.
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