Grain Report Wednesday- 13th August
- Clear Grain Exchange
- Aug 13
- 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.
Canola futures sank as China announced preliminary anti-dumping duties on Canadian canola imports, a new escalation in the year-long trade dispute.
The move provides an opportunity for Australia, which looks set to regain access to the Chinese market with test cargoes this year after a years-long freeze in the trade.
Plenty of news to digest and it will be interesting how local markets react. There seems to be an opportunity for some old crop sales given the much slower start to the season in Russia and farmers holding out for better prices. But futures markets are beholden to increased corn stock projections and plentiful supplies of US wheat. Nothing I’m picking up is suggesting that export demand for Australian wheat has lifted enough to shake the status quo. Canola will be an interesting watch.
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