Grain Report Wednesday - 3rd September
- Clear Grain Exchange
- 2 days ago
- 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 slid again on ample supply from the Black Sea Region and expectations of an above-average crop in Australia weighing on the market. Prices in exporting countries are coming under pressure as there are no supply-side issues. European futures lost €4/t to €183/t, the largest fall in some weeks making new contract lows and the lowest close since August 2020.
There has been a $10/t rise in milling wheat values in WA up to $350/t while feed barley bids are up $8/t to $323/t. I’ll do some work on the WA new crop market to see where there is anything going on. Pretty sure that most WA growers were well sold on old crop, having to generate cash flow after a disappointing harvest in 23/24. I would imagine that growers would be keen to make some new crop sales but don’t like the current price.
East coast markets are quiet with dribs and drabs hitting the market as growers look to clean out silos ahead of the coming harvest.
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