Grain Report Monday - 16th June
- Clear Grain Exchange
- Jun 16
- 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.
A relatively benign week ended on a positive note with commodities firming on the back of strength in crude oil as Israel/Iran tensions escalated. Soybean futures were limit up on a positive conclusion to discussions with the Trump administration on biofuel blending requirements for 2026 and 2027 that were above trade expectations. Apart from this, there was little fundamental reasons for wheat and corn to trade higher with crop conditions near ideal and new crop production estimates rising pushing stocks moderately higher in 25/26 despite ongoing strong demand for US corn (which has been countered by a 5% lift in US plantings).
Most of the strength in commodities could be traced back to the impact on shipping lanes of the conflict.
Locally some of the domestic premium is being drawn out of local prices as.....
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