Grain Report Tuesday - 8th July
- Clear Grain Exchange
- 18 hours 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 sank after US markets resumed after the Independence Day weekend as markets faced large supplies as the northern hemisphere wheat harvest progressed at pace and conditions for soybeans and corn held at multi-year highs.
There was additional pressure on the wheat market as Russia, the world's No. 1 supplier, decided to cut its export tax to zero. It is the first time the tax has been removed since it was introduced in 2021 to protect the domestic market from price spikes and to discourage excessive exports. This is a sign that the Russian wheat harvest is better than expected.
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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