Grain Report Thursday - 12th June
- Clear Grain Exchange
- Jun 12
- 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.
Soybean and corn futures drifted lower as initial optimism over a US/China trade deal faded (talked centred on rare earths with no mention of agriculture) with focus shifting back to benign crop weather.
Improving crop prospects across southern regions and prospects of some late winter pasture growth has started to see domestic premiums ease across southern markets. Growers in the north are wrapping up planting and would be focussed on post emergent crop treatment and are yet to fully engage with the market on old crop stocks. Very little export momentum to shift scales in favour of local sellers. Growers across the south will be focussed on monitoring germination and post emergent management. Insect pressure is expected to be a significant issue given the lack of feed available.
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