Grain Report Tuesday- 26th August
- Clear Grain Exchange
- Aug 26
- 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 hovered around recent levels with fundamentals unchanged. Plenty of supply and demand uncertainty. The only positive is that large supply has already been factored into prices with markets now looking for demand surprises (US biofuel policies or US/China trade deal). We are probably not yet at seasonal lows with the expected lift in Black Sea selling to place further pressure on the market as most global exporters look to reduce stockholdings by increasing exports. The lack of storage infrastructure in Russia and the need to generate cash flow has made them weak harvest sellers in the past, but so far this hasn’t been evident this season (harvest low may have shifted to Sep/Oct).
A broker I spoke to put the market in context, saying it is hard to get excited about price levels but it’s hard to argue why they should increase.
For further market commentary please contact the CGX team on 1800 000 410
CGX now operates igrainX for grain stored on-farm
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Call 1800 000 410 or Email support@cgx.com.au
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