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.
At the time of writing oil was nudging $100/bll, up 9% on yesterday, after attacks on Iraqi oil tankers. Volatility in energy markets continue to be the overriding influence on global grain market sentiment. Higher oil prices are driving up the cost of farm inputs like fertilizer and diesel, prompting concerns about reduced grain production.
Soybean futures climbed to the highest point since mid-2024 on speculative and fund buying as crude oil prices surged following Iranian attacks that deepened fears of a protracted Middle East conflict.
Wheat and corn also rose, with the strength in crude again offsetting a backdrop of ample global grain supplies.
Grains were also supported from expectations that the………
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