Grain Report Tuesday- 14th October
- Clear Grain Exchange
- 1 day ago
- 2 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.
Grains were under pressure from the advancing northern hemisphere corn and soybean harvest and intensifying with Russian export competition amid a lack of weather problems in wheat-producing countries.
Barley markets are a touch firmer, but bids are still hampered by lesser demand (compared to wheat) and expectations of a large harvest in Queensland and northern NSW. Reports of some chunky barley yields of 5-6t/ha in border regions of NSW/QLD now that harvest is in full swing with yields now “above average to exceptional” after a few quality issues with some frosting in early harvest deliveries.
New season sorghum bids are also a little firmer. You would have to think we are a fair chance of getting some premium sorghum business away to China with no end in sight to the trade impasse with the US. Trump is too busy in the Middle East to worry about the fact that he is strangling US farmers with his trade policies. But as one broker told us this week “Chinese buying demand is present, but it is only modest as the trade are only interested in buying at their bid rather than hassling us for offers”.
For further market commentary please contact the CGX team on 1800 000 410
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