Grain Report Tuesday - 18th November
- Clear Grain Exchange
- 1 day ago
- 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.
Grains rose on comments from Trump that the Chinese would resume buying US grain. The trade is caught in a spot, not wanting to sell in case of Chinese buying.
$A sold off back to 64.8USc in overnight trading as the market readies for the release of a backlog of US data.
Markets are clinging onto hope of Chinese buying US grain, but they continue to purchase cheaper Brazilian soybeans. You would think at some stage the market will lose patience and sell down the premium that has been built into US prices.
Nothing much has changed for the Aussie farmer, we remain in a very well supplied competitive market and if we don’t like the price then we need to be prepared to carry stock with the next pricing opportunity probably during the northern hemisphere spring and our autumn sowing period when price volatility generally rises (on threats to northern hemisphere production).
For further market commentary please contact the CGX team on 1800 000 410
CGX operates igrainX for grain on-farm
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Call 1800 000 410 or Email support@cgx.com.au
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