Grain Report Thursday - 15th May
- Clear Grain Exchange
- 15 minutes 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.
CBOT soybean futures pinged to a 10-month high as a proposal to extend a US biofuel tax credit boosted hopes for demand. Corn futures were mixed, while wheat rebounded from a near five-year low.
Russian crop damage from May frosts is not significant this year and is estimated at only about 10% of last year's damage, with lack of moisture the main risk for the crop. Recently forecasts for Russian production have been rising.
For further market commentary please contact the CGX team on 1800 000 410
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Call 1800 000 410 or Email support@cgx.com.au
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