Grain Report Wednesday - 11th June
- Clear Grain Exchange
- Jun 11
- 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.
Rinse and repeat. Apologies if you are finding these updates bland, but markets are as uninteresting as I can ever remember.
The best hope of some volatility will come from hot weather over the northern hemisphere summer that would crimp corn yields – like last year. But we have two things working against us, the early plant which will see earlier pollination, reducing the chances that yields will be harmed by heat and secondly the rapid pace of planting could encourage corn plantings larger than initial estimates (already +5%). On the flip side, while there is empirical evidence that a late plant adversely affects corn yields, the data doesn’t support that an early plant increases yields. We spend a bit of time looking at corn because it is by far the world’s largest crop and small changes in corn production can have large impacts on the global grain complex.
For further market commentary please contact the CGX team on 1800 000 410
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