Grain Report Thursday - 25th January
What price do you want for your grain?
Overnight moves in international markets and yesterday's actual traded prices across Australia are below to help you determine your price. If you need to change your offer price, simply edit it before market open.
Look Out!
The windy city rallied last night, up almost AUD $8 per tonne.
The town Dorothy comes from was also firmer, up AUD $5 per tonne.
Corn also firmed. But beans were basically unchanged and Matif and Winnipeg canola were off, with some rains hitting Brazil.
On the flip side, it's starting to become warm and dry in Argentina which the market is seeing as a concern for beans and corn production.
Some are starting to call the Argie corn crop closer to 50 million tonnes. The Yanks have it at 55 million tonnes.
The Yanks also have the Brazilian corn crop at 127 million tonnes which is more than 10 million higher than every other forecaster. If the other analysts are correct, you can knock 17 million tonnes off the South American corn crops this year which is bullish to prices.
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