Grain Report Wednesday- 27th August
- Clear Grain Exchange
- Aug 27
- 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.
Grains were mostly flat in choppy directionless trade amid expectations of a bumper US harvest.
I had a good call around yesterday and most were of the general consensus that the market is at a stalemate with growers ready sellers but not at the current price while the trade and end user would be comfortable to own grain at current values but don’t see a need to lift prices to chase grain with another large harvest bearing down and plenty of old crop stock available.
Rainfall looks to have been a tad disappointing from the first front that moved through SA/VIC yesterday and is moving through the Riverina today. Forecasts continue to suggest that the next front will be a better rainfall event for said areas.
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