UPDATE: 25th of June, 2018

The US futures had a mixed session on Friday evening with wheat lower, with corn stabilising and soybeans rebounding. The 3 US wheat bourses closed lower on technical selling and profit taking following a week of uncertainty with trade wars and potential reduction in Russian harvest agitating markets. CME corn futures finished mostly unchanged with July futures declining for the fourth straight week as the ongoing trade dispute between US/China and favourable growing weather conditions expected over the coming days weigh on values. However, news of fresh US corn sales into Mexico and Panama overnight did provide some support.  CME soybeans bounced back as traders looked to cover short positions prior to the weekend although not enough to stop a fourth straight weekly decline. Like corn, favourable growing conditions are expected to boost soybean output as traders prepare for next week’s US acreage report with expectation that the USDA could lift soybean acres. ICE Canadian canola futures rose on continued dry conditions and spill over strength from soybeans as grower selling remained thin, Matif rapeseed futures also posted gains. The AUD is trading at 0.7440, up 30 points from Friday evening. The mixed session should see our markets unchanged for wheat, with coarse grains unchanged to $1/mt lower with canola unchanged to up $1/mt. Wheat basis likely to be steady to start the week.

Cash BidsBrisbaneNorthern NewcastleSouthern NewcastlePt KemblaMelb/Gee
APW 17/18$405$385$380$360$325
F1 17/18$400$385$380$345$315
Ex Farm/DeliveredNorthern NSWCentral NSWSouthern NSWVic
CHKP1 Delivered 2017/2018Goondiwindi POAWee Waa POATrangie POAPOA
Albus Lupins 2017/2018POAPOAPOA

The Special One Grain General Terms and Conditions apply to all Grower Purchase Contracts.

These cash prices are indicative only and subject to change without notice. For our latest prices please contact Special One Grain on 1300 28 12 28.

To discuss your individual grain marketing requirements, please contact our friendly Grower Services team.
Georgie Currey: georgie.currey@specialonegrain.com.au / 0417 835 227
Emily Wilson: emily.wilson@specialonegrain.com.au / 0417 933 714