Grain Report Wednesday - 24th September
- Clear Grain Exchange
- Sep 24
- 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.
Wheat and corn lifted on short covering while soybeans were pressured by news that Argentina was abolishing export duties that will make its grain exports more competitive.
Chinese buyers then booked at least 10 cargoes of Argentine soybeans. China has yet to buy any soybeans from the upcoming autumn US harvest, with the window for possible deals closing.
Locally, pulse prices are falling out of bed nearing harvest as sub-continent demand wanes leaving the usual harvest selling strategy up in the air. There seems to be nowhere to hide from weaker grain prices with canola firming as the most likely sell at harvest to generate cash flow.
$A and weather outlook unchanged.
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