Grain Report Thursday- 16th October
- Clear Grain Exchange
- Oct 16
- 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.
Grains continue to bump along around contract lows.
Dry weather has advanced harvesting of corn and soybean crops, adding to supply pressure after bumper South American production this year. US corn futures have been supported as slow farmer selling of newly harvested grain has firmed cash market prices.
BOM weather changing for the better across the south with a rainfall system expected to hit early next week bringing widespread rain of 10-15mm to southern cropping areas. It will be too late for some but should help finish crops in southern areas and provide some late Spring growth for pastures.
$A steady at 65USc supported by thoughts of continued US easing but pressured by Trump’s threats to increase tariffs which is negative for currencies such as the $A that rely on trade.
For further market commentary please contact the CGX team on 1800 000 410
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