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Grain Report Thursday - 13th November


Market Almost Open - CGX daily report

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.



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Chart including Wheat CBOT prices, Wheat Black Sea prices, Canola ICE prices and Canola MATIF prices

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Dominic Hogan Outlook commodities comments

Grains remain flat as Chinese buyers continue to sit on the side-lines and as the market awaits an update on global S&D’s from the USDA.


BOM forecast have changed to include less rainfall for cropping areas of NSW/SA/VIC. Those still harvesting in northern NSW will be hoping that they can get most off before this weekend’s rain.

 

Nothing to add on the local grain market front. It's tough going without any support from export markets. There is still demand there but it’s a buyers’ market. Northern markets have held firm with any shorts needing to pay a bit more to entice grain out of store, while southern bids eased a little with hot and dryer weather allowing harvest to progress through southern NSW.


For further market commentary please contact the CGX team on 1800 000 410


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If you have any queries, we're always here to help!

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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