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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.
US markets were closed for Martin Luther King Jr. holiday but there was some action in global grain tenders.
Saudi Arabian state grains agency the General Food Security Authority said it bought an estimated 907,000t of hard wheat.
Algeria’s state grains agency OAIC has bought around 600,000t of milling wheat in an international tender.
South Korean flour mills are believed to have bought about 92,300t of milling wheat.
$A higher on sell $US sentiment due to Trump's EU/Greenland tariff threat with significant safe haven flows into gold (+1.7%). Liquidity impacted by US holiday with the upswing set to extend today.
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