Grain Report Monday- 25th August
- Clear Grain Exchange
- Aug 25
- 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.
Soybeans gained on rumours that China was making inquiries about US soybeans and a 5% surge in soyoil, while corn and wheat chopped around weighed down by supply indications.
Probably the event of most significance for local grain values is the possibility of crop saving/making rain for the SA/VIC and the NSW Riverina. While the rain won’t be enough to get crops home it may buy another 2-3 weeks and allow crops to bulk up a bit before it gets hot which has implications for southern feed markets. I’ll do some work on talking about the temperature of southern growers this week to assess the implications. There is still plenty of talk about cutting crops for hay to fill sheds up, with caution about oversupply cutting prices. Expect most to have a punt each way given the tough outlook for cereal values.
For further market commentary please contact the CGX team on 1800 000 410
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