Grain Report Thursday - 11th September
- Clear Grain Exchange
- 2 days ago
- 1 min read
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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 and domestic grain markets were softer under the same influences…..large crops, increasing stocks, tepid demand, and a strengthening $A.
BOM rainfall totals are still coming in but looks like 30-60mm for NSW, up to 20mm for SA mid-north, Riverlands and parts of the SA/VIC Mallee. There is more in the forecast for much the same areas which will go a long way in consolidating crops, particularly in southern cropping areas.
$A at 66USc as traders braced for US inflation data that could influence the size of the next rate cut and potentially support further gains in the $A on $US weakness.
Wool prices popped higher yesterday and US cattle futures were down from record levels as US fed beef prices start to decline as there are worries about US demand.
For further market commentary please contact the CGX team on 1800 000 410
CGX now operates igrainX for grain stored on-farm
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Please give us a call or email if you have any questions.
Call 1800 000 410 or Email support@cgx.com.au
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