Grain Report Wednesday - 5th November
- 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.
Talk of Chinese buying of US wheat has market shorts nervous, leading to another round of short covering in Chicago overnight. Corn and beans moved lower waiting for more Chinese buying to consolidate prices at the recent higher level.
BOM continued unsettled weather for the southern cropping belt over the next week with forecasters predicting a significant system for the eastern seaboard from mid-Nov.
Nothing much to see here. Prices are holding on an uptick in international sentiment and disciplined grower selling. There are some pricing opportunities into northern NSW depots which are worth considering with Pete Johnson at Left Field Solutions pointing out $285/t Moree Depot for APW translates to around $355/t Downs.
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