Lachstock | Daily Report on Grains

Aug 11, 2022 | Agricultural Markets

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Lachstock Consulting was founded in 2007 in Australia and specialized in the grain market. Using accurate research & market analysis, they produce grain market reports that aim to reduce your costs and increase profitability.

Chicago wheat rallied 22.00usc/bu, Kansas was up 23.00usc/bu while Minni gained 13.40usc/bu. Matif milling wheat was up a fraction EUR$0.25 while the Black Sea contract was up USD$1.75/mt. Corn was up 6.20usc/bu, while beans were down 4.40usc/bu, meal gained USD$2.00/st and beanoil was up 0.87usc/lb. Matif canola was down EUR$0.25/mt while Winnipeg gained CAD$2.10m/t. The Dow was up 535 points and the Aussie went out at 0.70777

Global Highlights High prices for grain and freight have “drastically reduced” barley demand in Saudi Arabia with imports in the 2021-22 shipping season estimated at 3.87 million tons, down 44% from the previous year, according USDA’s Foreign Agricultural Service

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