Grain Report Monday- 27th October
- Clear Grain Exchange
- 17 hours ago
- 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.
International grain futures markets chopped around Friday to register modest gains for the week. The dearth of data has created uncertainty and markets are acting cautiously. Fundamental pressure remains but demand looks to be holding up.
Milling wheat cash markets firmed across the US indicating solid demand from the milling sector.
The $A rallying back into the mid-65USc’s will make selling cereals a little more difficult.
BOM good rain through SA/VIC will help heads fill and prevent pinched grain but is too late to help yields for the majority, some later crops may benefit. Rainfall has missed southern NSW which means that these crops are all but finished with farmers in these areas now having to manage limited pasture reserves. There is rain forecast for most cropping areas on the east coast this week.
For further market commentary please contact the CGX team on 1800 000 410
CGX operates igrainX for grain on-farm
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