Grain Report Wednesday - 4th June
- Clear Grain Exchange
- Jun 4
- 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.
Soybeans and corn bounced off seven-week lows following a lift in crude oil prices which lifted sagging soyoil futures. The rally was put down to optimism about trade talks between the US and China this week and a rise in geopolitical tensions in Russia/Ukraine and between US and Iran.
Wheat futures declined on improving US crop ratings and a firmer $US.
It’s hard to see how this market can rally in the short term. International markets are bumping along at near enough to seasonal lows and are about to get pressure from the northern hemisphere harvest. Our local market is looking at having a carryover of supply from the 2024 harvest and seasonal conditions for the 2025 wheat crop are excellent across the north.
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
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