Grain Report Monday- 13th October
- Clear Grain Exchange
- Oct 13
- 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 lower everywhere on Friday night on news that the US trade impasse with China is worsening after China imposed export controls on rare earth metals with Trump threatening to impose further tariffs and cancel upcoming trade talks. The $A fell out of bed to 64.5USc but has since recovered to 65USc so the impact of Friday nights fall on local prices were countered by currency moves.
Local markets where an export surplus is guaranteed will be on the backfoot today with the softening in global grain values on Friday night. With global wheat crop estimates continuing to rise, values remain under pressure leading into our harvest. In the south, production uncertainty will limit selling and keep grain values firm.
Looking towards next year there are signs emerging that 26/27 cereal plantings/production will take a step back (shift to higher value crops, resting marginal paddocks, less inputs). Wheat production is uneconomic in many regions (EU, US and Aust?) and there are significant problems developing in Russia (ie. lack of fuel, Gov't involvement) in 26/27. Lower global cereal plantings in 26/27 will mean current pricing will be sensitive to any production threats (we are due a good crop failure having dodged them the past few years).
For further market commentary please contact the CGX team on 1800 000 410
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