Grain Report Wednesday - 16th August
What price do you want for your grain?
Overnight moves in international markets and yesterday's actual traded prices across Australia are below to help you determine your price. If you need to change your offer price, simply edit it before market open.
Look Out!
Red dials all over the shop last night, with all markets apart from canola, coming off.
Market is concerned about the Chinese economy as they cut interest rates, but other than that the world markets are dead boring with not much really happening.
Not sure what I will do tonight; hopefully, there is something interesting on the TV to watch?
Chicago wheat has dipped back under USD $6 per bushel in the nearby. It feels oversold.
Good news with the AUD weakening increasing returns to Aussie growers.
I was wrong, calling basis around AUD $40. It is now around AUD $60. I am happy to take that on the chin.
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