UPDATE: 19th of September, 2018

Markets were mainly driven by US/China trade tariffs overnight as China added US$60 billion of US products to its import tariff list (which includes US ag. products) in retaliation to the US’s planned US$200 billion of levies – resulting in falls in corn/soybeans whilst wheat managed to edge higher. All three wheat exchanges closed higher, driven by tightening global supply concerns with WA frost still getting airtime in global markets. EU wheat followed US markets higher as technical buying and doubts over Russia’s export surplus fuelled gains. CME Corn futures fell to contract lows, mainly pressured by soybeans (and the impact from US/China trade concerns) and the expanding US harvest. Oilseeds were weaker with CME Soybeans hitting 10 year lows as the escalating US/China trade war darkened US export prospects whilst a large US crop further weakened prices. ICE Canola slid to a two month low as spillover weakness from US beans drove prices lower, whilst Matif rapeseed was also down. The AUD is up 20+ points to 0.7220. We expect grain markets to be slightly firmer again today given the strength in our domestic markets whilst oilseeds might be a smidgen softer.

Cash Bids (TRACK Values)BrisbaneNorthern NewcastleSouthern NewcastlePt KemblaMelb/Gee
Multi-Grade APW 2018/2019$445$445$445$445$415
F1 Barley 2018/2019$430$420$420$420$400
Ex Farm/DeliveredNorthern NSWCentral NSWSouthern NSWVic
CHKP1 Delivered 2017/2018Goondiwindi POAWee Waa POATrangie POAPOA

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.

Emily Wilson: emily.wilson@specialonegrain.com.au / 0417 933 714