Grain Report Monday - 24th July
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!
Ashes to ashes, dust to dust; well, apart from there wasn’t much dust due to all the rain.
Oh well, that’s cricket.
If you recall last week, I invited you to come back to my room, boom, boom, boom to celebrate the exploding markets on Wednesday night.
Well, it’s time to get out! It was only a 1 night stand.
I am happy to remain friends, but nothing more.
And don’t feel bad; it’s not you, it’s the market; it’s a complete basket case and can’t be trusted.
Chicago wheat was sold off on Friday night, falling AUD $16 per tonne. Kansas was only off AUD $8 and corn was dragged along, falling AUD $6.
Why? I thought the world was in turmoil after Hokey Pokey closed the black sea corridor.
Some say the market was lower on the back of profit taking.
It’s a big call to be short in this market as the Black Sea conflict has not eased and the weather conditions across the US corn belt are not improving.
Also, it’s hot in Europe as Sandy and Danny go up in smoke; “You’re the one that I want”.
Sorry, I am now being confusing as I said we were done?
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