Grain Report Tuesday - 13th August
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 Yanks released their world supply and demand stab in the dark report last night.
Wheat was slightly bullish, but the Yanks are focussed on their own backyard, so the market traded softer.
Corn was also slightly bullish, with the Yanks still focussing on their own backyard dropping their ending stocks a tad even after the increased their crop to a whopping 385 million tonnes. They knocked 4 million off the EU corn crop. They are happy to slash EU corn, but they pay little attention to the EU wheat crop, only reducing that by 2 million to 128 million tonnes. Everyone else has this crop pencilled in around the 125 million tonnes: sacre’ bleu.
World wheat production was....
To read more, subscribe to Outlook Commodities Morning Commentary
By subscribing to the Outlook Commodities Content you agree to CGX Subscriptions terms and conditions
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
Comments