Grain Report Tuesday - 10th September
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!
Markets unsure which direction to head before Thursday’s USDA World supply and demand guess.
Although soybeans decided to make a run for it and were up AUD $6 per tonne.
There have been some concerns over US bean production dropping slightly and Brazil is dry before planting their largest crop ever.Â
The market is saying it's always dry this time of year in Brazil and it will get wetter when La Nina flies back in.Â
The forecasters are calling the 24/25 Brazilian soybean crop 169 million tonnes.Â
That’s an early crow.
US Wheat exports were a solid 587,000 tonnes last week.
Currently US exports are 34% ahead of exports for the same time last year.
I wonder what we exported out of Australia last week.
Hang on ABS has just released some shipping data; for July.
IKAR, the Ruskie Agricultural agency cut the Ruskie wheat crop from 83.8 million tonnes to 82.2 million tonnes.
They also forecast exports to be 44 million tonnes in this marketing year.
The Yanks have them in for 48 Million tonnes, which would see the Ruskie carryover stocks under 7 million tonnes, which is precarious and won't happen. Â
For further market commentary please contact the CGX team on 1800 000 410
CGX now own and operate the igrain market 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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