It’s crucial to comprehend what to sell, when, and how to sell grain. The national team has more than years of expertise in local and international selling and grain trading across Australia. A dedicated grain marketer with extensive local and international marketing and grain trading expertise created the team in 2015.
By comparing grain prices to your own, Grain wise may help you determine the grain prices australia and whether you are receiving the most value from grain marketing. They offer guidance and options to farmers so they may have more control over selling your grain.
Why should you check the pricing of grains?
It’s crucial to comprehend the basis, cash pricing, and futures prices while marketing grains. Additionally, knowledge of the market environment is necessary. The summer season might bring about adjustments in that atmosphere that affect pricing. Have you checked to see if your market tactics are still relevant in light of recent environmental changes? Hire the market strategy to ensure your plans offer a possibility for reasonable costs at grain prices australia.
Old Crop Techniques
When it refers to grain marketing, there must be two general principles. Identifying a “good price” for your property is the first step. It’s also helpful to understand how your production costs stack up against other farms. If your operating costs are greater than those of most farms, you could be spending too much.
Supply and demand are the key factors at play. Grain demand often peaks during planting season due to the availability of a finite supply. When planting season comes, the market environment starts to consider the fall crop as a potential source of stocks. A fresh harvest implies plenty of bushels available, and pricing will often be cheaper.
A New Approach to Crops
The pricing cues employed for old crop tactics also apply to new crops. A significant distinction is the purposeful lock-in of prices for your anticipated output utilising pricing determination tools. When employing decision-making tools, it is crucial to consider historical price and basis trends for futures and nearby grain elevators. By using decision-making tools, you can lock in a basis, futures market, or cash price directly.
What factors affect grain prices?
The oldest marketplace in history is the worldwide grain trade, considered to have existed before civilisation. Farmers switching from smaller crop farming to large farming operations was the primary cause of the grain market’s inception. The grain market offers farmers the same opportunity to sell their goods and interact with customers now as it did previously.
In Australia, futures, foreign currency rates, and percentage points are three crucial factors that affect grain prices. Australian grain sector prices deriving from the US futures market. Australian farmers will get a better return on their investment in agriculture and a higher return on their products if the US exchange rate is lower.