Grain Report Friday - 3rd October
- Clear Grain Exchange
- Oct 3
- 2 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.
Grains were flat, soybeans firm.
Solid demand for wheat and some planting delays for winter wheat in the US Plains is supporting wheat values, with corn following wheat higher.
Barley harvest has started in QLD with prompt demand quickly filling and demand subdued with the current discount to wheat too narrow to encourage feedlots to switch to barley to feed over the summer months. With little forward sold, very weak chickpea prices and cereals not much better, those with reasonable cash flow and equity will store crops this year across the northern cropping region.
In the south it’s a different story. Crops across northern cropping areas of SA/VIC and through the NSW south-west and Riverina are going backwards. Some with biomass are cutting hay to replenish reserves. Growers across the entire southern region are hoping for 20mm at least to finish crops and avert the potential of high screenings and low-test weights discounting grain value. Grower and end user pricing ideas are wide apart with barley $250-260/t ex farm not much better than breakeven for many. Those with canola will look to sell it circa $800/t to generate some cash flow and will dribble out cereals in the hope that we see firmer prices post-harvest.
For further market commentary please contact the CGX team on 1800 000 410
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