Grain Report Monday - 1st September
- Clear Grain Exchange
- 3 days ago
- 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.
Corn futures firmed on Friday on support from strong international demand, concerns over disease and technical support. Soybeans and wheat ended higher on technical support, though a lack of Chinese demand for US soybeans hung over the oilseed market. US markets are shut tonight for US Labour Day Holiday weekend.
Abundant production from Northern Hemisphere harvests and an improving outlook for crops in Southern Hemisphere exporters Argentina and Australia have weighed on wheat prices last week.
For the week, most of Victoria received 25-50mm with the heavier falls of up to 100mm in parts of the south-west, central and north-east. Falls were lighter 10-25mm in the northern Wimmera and Mallee. Across in SA falls were lighter and patchier 5-25mm with northern cropping areas missing out. The best falls in SA were on the Fleurieu Peninsula and south-east which received up to 50mm. Rainfall was disappointing for southern NSW, with good falls of 25-100mm mainly concentrated on the central and eastern Riverina but western Riverina and south-west anywhere from 5-25mm. The rainfall doesn’t really change much from a cropping point of view, except it has assured at least average crop and filled dams through parts of the VIC south-west, southern Mallee and central and north-east Vic and parts of the NSW Riverina.
For further market commentary please contact the CGX team on 1800 000 410
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