Grain Report Tuesday - 9th September
- Clear Grain Exchange
- Sep 9
- 1 min read
Updated: Sep 9
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, soybean and wheat futures ticked up overnight as traders await USDA government harvest estimates later this week, with shrinking trade expectations on what are still expected to be large crops. Most analysts are expecting the crop to get smaller.
In local markets sentiment remains weak and wheat and barley bids have continued to ease due to expectations of a big harvest and a step up in grower selling. End users and traders are still only doing little bits of buying on the expectation of harvest pressure giving them some bargain basement tonnes at harvest.
Chickpea bids have fallen sharply due to Indian demand disappearing from the market. $670/t Bris, $640/t Downs and $595/t nth NSW. The Egyptians have not shown up yet for faba beans which is keeping that market on the back foot with indicative bids currently $400/t Downs, $and $385/t nth NSW, and $390/t Wimmera packer.
For further market commentary please contact the CGX team on 1800 000 410
CGX now operates igrainX for grain stored on-farm
If you have any queries, we're always here to help!
Please give us a call or email if you have any questions.
Call 1800 000 410 or Email support@cgx.com.au
Comments