Grain Report Tuesday- 15th July
- Clear Grain Exchange
- Jul 15
- 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.
Global wheat prices remain flat with the US harvest making good progress (63% harvested right on 5yr avg) and the USDA likely to report excellent crop conditions later today (Corn 74% gd/ex steady, spring wheat 54% up 4%, soybean 70% up 4%).
Supporting wheat values was new demand following a long period of quiet import purchasing with a new tender issued by big buyer Algeria while Taiwan issued a tender to buy US wheat.
Russian wheat export prices rose last week amid the slow arrival of the new crop and low yields in the southern part of the country. Yields in southern Russia, a key wheat-growing and exporting region, remained low with analysts expecting yields to increase as harvest progresses.
For further market commentary please contact the CGX team on 1800 000 410
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