Our Expertise

When you join our team, you’re in safe and experienced hands. With over 100 years combined marketing and merchandising experience in the agriculture sector, the Grain Brokers Australia team provide a professional and dedicated brokering service to grain growers, offering alternative avenues to market grain through outside of the traditional channels.

Join us and gain the confidence to know when to pull the trigger and ensure grain marketing sucess.

We are supported by high levels of international and domestic market analysis and we know the local markets because our team are locals, throughout WA, NSW and VIC wheat belt regions. Our national coverage gives us insights that is hard to compete with.

 

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Our Mission

Our Mission is to provide farmers with a reliable service that ensures they are given all the tools, information and support necessary to make sound grain marketing decisions.

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The Market Today

Market at a Glance

As at 18th Dec 2017
CBOT Wheat (Spot) 423.50
CBOT Wheat (MAR 18) 420.50
Kansas Wheat (Spot) 419.25
MGE Wheat (Spot) 619.25
CBOT Corn (Spot) 347.00
MATIF Rapseed  €351.50
ICE Canola (Spot) CAD $491.20
CBOT Soybean (Spot) 972.50
AUD/USD (Spot) 0.7702
AUD/CAD (Spot) 0.9839
OIL USD/ba (WTI) 58.36

 

 2017/18  APW1
GERALDTON 270
KWINANA 272
ALBANY 267
ESPERANCE 265

 

Weekly Wrap

DECEMBER WHEAT FUTURES CLOSE AT RECORD LOWS

The Chicago December contract due for expiry traded at record lows early this week touching below 410c/bu as speculators sold-off the struggling contract. The new near contract being March is trading at around a 20c premium showing there are potentially more bullish fundamentals on the horizon.

Graph: CBOT WHEAT DEC ’17 ZWZ17 AS AT NOV 28TH           

 

Bullish Factors

  • BULLS: Russia is exporting at a strong pace as weather remains favourable around Black Sea ports. Global demand is still very strong and just one serious weather or production hiccup should see prices rally in Chicago out of current record lows.

Bearish Factors

  • BEARS: USDA has increased global wheat stocks by 3 million tonnes to 268.42 million tonnes on the back of increased Canadian production. Australian wheat crop estimates were left unchanged at 21.5mmt. Speculation record lows on Chicago are being driven by US speculators trying to make US wheat more competitive into export markets by driving down prices.
"Agriculture is our wisest pursuit because it will in the end contribute most to real wealth, good morals & happiness." Letter from Thomas Jefferson to George Washington. 1787

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