Grain Report Wednesday- 20th August
- Clear Grain Exchange
- Aug 20
- 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.
Global grain prices remain under pressure from increased northern hemisphere production estimates and amid demand and concerns over how the US export demand will be affected by the current US/China trade standoff.
Biggest question facing local markets is whether the forecast rain event will start to convince old crop longs to offload grain stocks. Most of the selling will come from north of Dubbo where crops are all but assured and growers don’t really need cash flow. The other question is how keen the trade/end users are to own stocks and at what price. It’s a buyers’ market and sellers may need to dig in to avoid adding to market pressure, it's hard to mount a case for a price rally based on the current market fundamentals.
Talk that China is sniffing around for some more Aussie wheat, but seems not enough to get the market excited.
For further market commentary please contact the CGX team on 1800 000 410
CGX now operates igrainX for grain stored 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