Grain Report Wednesday- 30th July
- Clear Grain Exchange
- Jul 30
- 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.
Grain markets fell under the same influences; plentiful winter harvest supplies, slow demand and benign summer crop growing season conditions that feature mild temperatures and rain periods.
Very hard to find any positives for grain prices. Only subdued selling by Black Sea nations has prevented further falls in global wheat values. Sluggish demand has also been a feature of markets. Whether importers are looking for harvest lows or just don’t have the money, the signs do not look great. Poor crush margins in China and weak pork demand might mean that high protein prices are starting to affect demand which has been resilient till now in the face of macro-economic challenges and higher protein prices. Think we need to wait to see what is going on in the Black Sea and hope for some late season heat in the northern hemisphere to take the top off corn and soybean yields otherwise we are going to be battling increased stock levels.
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