Grain Report Tuesday- 29th July
- Clear Grain Exchange
- 3 days 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.
US corn and bean futures fell as traders brace for large crops amid non-threatening forecasts that are suggesting milder weather in the Midwest production belt.
The US is projected to harvest its largest corn crop in history this autumn after farmers expanded plantings and crops have benefitted from near ideal weather.
Most traders are at the Grains conference in Melbourne. Prices for WA barley and sorghum into Newcastle ticked up a bit but otherwise the market is flat. Prices may spend a few weeks getting to a level where liquidity can pick up with growers pricing expectations having to be lowered due to the shift in the local S&D over the past few weeks with the widespread rain.
For further market commentary please contact the CGX team on 1800 000 410
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Call 1800 000 410 or Email support@cgx.com.au
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