Grain Report Wednesday - 1st October
- Clear Grain Exchange
- Oct 1
- 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.
Chicago soybean, corn and wheat futures fell on Tuesday on a bearish USDA stocks report, strong US harvest progress and a lack of Chinese demand.
The run-up to a possible US government shutdown from Wednesday also encouraged caution on grain and wider financial markets.
BOM looking better for a rainfall event across WA and southern parts of the south-east cropping belt. There has been rain in the south-east of SA and western district of VIC in recent days.
Not too much more to say, nothing supportive internationally, except dryness across Russia. Local southern markets are defensive with production potential unclear and northern growers don’t like the price. Unless weather turns for the better, a dry or hot October will take a lot off the top of our own crop. Northern and Central NSW are close to being finished, but NSW South-west Slopes and Plains, Victoria and even western QLD are too dry to finish the job, unless we get a decent system the week after next? Patches of heat showing up in forecasts but nothing to worry about so far.
For further market commentary please contact the CGX team on 1800 000 410
CGX operates igrainX for grain 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