Grain Report Thursday - 9th October
- Clear Grain Exchange
- Oct 9
- 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.
US wheat futures slipped for a third consecutive session as Russia stepped up the pace of its exports amid abundant global supply.
Without any other fundamental driver markets will look towards the shape of Trump’s bailout for agriculture.
Wheat prices have climbed around $10/t in the past week in WA to $350/t FIS for APW. Exporters with early shipping slots will be keen to establish some cover early to avoid having to scramble for stock. On the east coast the tightening season has kept prices firm with end users having to pay a premium for prompt supply. The main wheat harvest is still another 2-3 weeks away on both coasts.
For further market commentary please contact the CGX team on 1800 000 410
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