Grain Report Wednesday- 15th October
- Clear Grain Exchange
- 12 minutes ago
- 1 min read
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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.
Grain markets were firmer without conviction overnight.
China has said it will lift duties on Canadian canola, if Canada lifts its levies on electric vehicles, according to the Chinese Ambassador to Canada.
BOM forecast is improving for a late Spring weather event that will bring 10-25mm for large tracts of the east coast cropping belt. While it may be too late for some, it could help yields for many.
$A back under 65USc for no good reason. The RBA statement suggests steady interest rates for now with inflation stubborn, spending better than expected and employment stable.
Local grain prices are starting to edge higher as traders try and entice some grower sales. Lentils back up over $600/t port, feed barley to $317/t FIS port Kwinana WA. Most of the strength in the south is in upcountry delivered feed markets. First loads of lentils are being delivered on the west coast of SA.
That’s about it for today. Please let me know if you would like me to cover anything in particular in the lead-up to harvest and through harvest.
For further market commentary please contact the CGX team on 1800 000 410
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