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.
Wheat futures steadied just above five-year lows on Wednesday, after plunging around 7% in the last two weeks as seasonal supply pressure from Northern Hemisphere harvests and as speculative selling encouraged by rising US corn yields dragged down corn prices.
There is no support from international markets for grain prices currently with a bumper US corn harvest on the way, only slow grower selling is keeping local prices from following international values lower.
For further market commentary please contact the CGX team on 1800 000 410
CGX now operates igrainX for grain stored on-farm
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