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.
Grains were flat on the lack of any substantive news.
Firm US domestic cash markets lent underlying support to corn futures as farmers work to hold their grain off the market.
Nothing overnight to change local markets. Can’t see southern markets giving up their premiums until we get closer to harvest. In the north, most prompt homes have been satisfied by early harvest and growers are comfortable storing and optimising harvest logistics. There is likely to be competition from bulk handlers/grain logistics companies trying to attract some volume into their systems so they can turn a dollar on their grain handling infrastructure in the absence of a trading margin. Most end users have limited forward coverage and will continue to buy hand to mouth until something changes fundamentally in the S&D.
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CGX operates igrainX for grain on-farm
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