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.
Grain markets were steady under the same influences of rising stocks, strong export market competition, and the start of a large south American harvest.
BOM heavy rainfall for northern Australia, moderate falls for southern QLD and eastern agricultural areas of NSW/VIC with heavy falls in coastal areas.
$A yo-yoing between 66.7 and 67.3USc with rallies being sold, equity market weakness prompted the latest round of selling. Technicals are highlighting some downside risk, while fundamentals (increasing interest rate differentials) point to upside.
In local markets traders are reporting a pick-up in inquiry for bulk and container chickpea and lentils shipments with chickpea prices trading as high as $650/t delivered Brisbane which puts them at circa $630/t Downs which is up $25/t from last week and $50/t than pre-Christmas levels. Traders are accumulating for two shipments out of Mackay and are buying to top bulk shipments out of Brisbane. Similarly, lentils bids have risen $20/t to $640/t track across southern ports.
For further market commentary please contact the CGX team on 1800 000 410
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