Grain Report Thursday - 20th November
- Clear Grain Exchange
- 17 hours 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.
Grain markets consolidated at lower levels as markets take stock of Chinese purchases and wait for further signals of China’s commitment to buy 12mt of 25/26 crop US soybeans.
BOM forecast has some rainfall for southern and eastern cropping belt which may delay harvest in some parts. Inner wheatbelt areas like Young are still 2-3 weeks away from starting.
$A lower on $US strength after Fed meeting minutes revealed inflation anxiety.
No changes in local markets. The trade would like to buy at current levels, particularly domestic end users but growers so far have been strong sellers – evidenced by relatively firm delivered market prices at levels above export parity.
For further market commentary please contact the CGX team on 1800 000 410
CGX operates igrainX for grain on-farm
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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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