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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 prices held on dry weather affecting US wheat crops and sustained Russian attacks on infrastructure in Ukraine.
Corn and soybeans ticked down as a large south American harvest approaches promising to increase available supply.
Another searing hot day for the south ahead of a cool change tomorrow. Rain in forecast for QLD and northern NSW.
$A lower on firmness in the $US as traders position for the release of US payroll and inflation data.
Grain markets were quiet ahead of important USDA reports tomorrow morning. We will be looking at the corn numbers closely as a tightening corn balance looks to be the best bet to change nearby market sentiment. In local markets, in the north there was some feedlot buying activity as they look to extend coverage into Feb/Mar. The south is quiet with hot and dry conditions keeping sellers at bay.
For further market commentary please contact the CGX team on 1800 000 410
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