GrainWealth

Your trusted advisor in the Australian grain market 🌾

[GrainWealth @GrainWealth]

Worrying signs for the aussie exports for feedgrains

[Barchart @Barchart]

BREAKING 🚨: Corn

Corn plummets to lowest price since November 2020

[GrainWealth @GrainWealth]

Morning Aus Market Update:

Wheat and Corn trading slightly higher.

Canola continuing weakness due to falling soybean complex.

Wheat: Unchanged
Barley: Unchanged
Canola: Down $8-$10 🔻

#Wheat #Agmarket #Agriculture #Agribusiness #Canola #Oil

[AussieGrainPro @AussieGrainPro]

Forecasted Domestic Price Trends EC Australia:

6 Week:
Wheat: Decrease by $5 to $10🔻
Barley: Decrease by $5 to $10🔻
Canola: Increase by $15 to $18🔺

12 Week:
Wheat: Increase by $10 to $12🔺
Barley: Increase by $8 to $12🔺
Canola: Increase by $10 to $20🔻

[AussieGrainPro @AussieGrainPro]

Prime Minister Narendra Modi flew into Moscow on Monday to meet President Vladimir Putin.
"Looking forward to our talks tomorrow as well, which will surely go a long way in further cementing the bonds of friendship between India and Russia," (will wheat be on the agenda??).

[GrainWealth @GrainWealth]

Wheat edging down in the domestic east coast markets with buyers pulling prices around $5.

[GrainWealth @GrainWealth]

Decent rainfalls last week across the country... could see some more farmer selling in the coming days pushing locas prices down.↘️↘️

[GrainWealth @GrainWealth]

GrainCorp and LDC pulling old crop Canola prices back $20/mt this morning off the pack of weaker EU market 🙄.