Grain Report Thursday - 18th September
- Clear Grain Exchange
- 13 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.
Grains are chopping around at recent lows with yield uncertainty and solid US exports providing support against a backdrop of rising stocks.
Soybeans under pressure from a lack of sales to China with hopes of some resolution to the trade impasse from Trumps scheduled phone call with President Xi Jinping on Friday.
BOM is forecasting a bit of rain 5-25mm for southern regions of SA/VIC, spreading into NSW and southern QLD. There was good rain +20mm through central and north-eastern VIC and western Tassie the past couple of days with lesser totals for VIC/SA Mallee/Wimmera.
$A 66.5USc after the US rate cut and projections showing that two more 25pt cuts this year.
No change in local markets with the trade and end user comfortable to carry a short position into harvest on the expectation that growers will come to the market with harvest sales. Southern cropping areas are still another good rain event away from locking in decent yields.
For further market commentary please contact the CGX team on 1800 000 410
CGX now operates igrainX for grain stored on-farm
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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