# Grain prices steady as buyers wait for harvest | The Land | NSW

> East coast wheat prices steadied after a sharp rally, with ASX January wheat futures rising $35 a tonne over four weeks before closing at $365 a tonne. Showers in South Australia and Victoria cooled prices, while buyers are only purchasing hand-to-mouth volumes.

- Date: 2019-09-25 · published 2019-09-25T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/57045-grain-prices-steady-as-buyers-wait-for-harvest-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Cautious buying and recent rain ease near-term upward pressure on Australian wheat, though a short crop keeps prices elevated.

## Read by commodity

- WHEAT: neutral

## Sources

- theland.com.au: https://www.theland.com.au/story/6400819/grain-prices-steady-as-buyers-wait-for-harvest/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.