25/26 SA and VIC wheat prices have remained under pressure, mainly due to a softer local basis, weighed down by recent rainfall and an improved precipitation outlook, each of which have offered improved production prospects. Since July, new crop APW1 prices have fallen by $10/MT...
25/26 barley prices have cooled due to timely local rains which eased drought premiums and increased grower selling pressure. New crop barley prices currently sit around $310/MT in Adelaide’s Outer Harbour and $315/MT in Geelong. Despite the $20/MT pull back from the mid-May highs, a...
Canadian canola and EU rapeseed prices had previously been firming since mid-March; however, these trends have each since broken down. EU rapeseed fell below short-term and then medium-term support, whilst Canadian canola futures has more recently fallen below its short-term support. Crude oil prices rallied...
Lentil prices have remained under significant pressure over the last month, primarily due to lack of demand. Both old and new season prices in SA are down $60/MT since the beginning of June, with a drop of $40/MT in Vic over the same period. The...
The June USDA report highlighted higher wheat production but a tighter balance sheet for the 2025/26 season. Production among major wheat exporters is estimated at 396.33 MMT, up 2.42% (9.37 MMT) y/y, primarily driven by increased output in the EU. Despite the y/y rise in...
SA and Vic barley prices have been on a strengthening trend though most of 2025 to-date, however this trend has now come to an end. Prices have been cooling over the last couple of weeks due recent rains and increased grower selling pressure. Despite the...
Canola prices received a boost through mid-June as bids rose from circa $820/MT to $852/MT in Adelaide’s Outer Harbour zone; the discount to GM-canola has slightly declined from $100/MT to $80/MT. Local prices have remained firm through May/June driven by dryness through the start of...
The lentil market remains in a strong inverse as local old crop supplies dwindle, contrasting with large global production forecasts for 25/26. Not all is rosy on the outlook, however, as the two primary lentil producing countries face a precariously low levels of moisture as...
SA and Vic new crop wheat prices have slipped $10/MT over the past month on a track basis, with a softer basis against SRW weighing on the market. This pressure primarily stemmed from improved spring rainfall forecasts for southern and south-east Australia, along with recent...
South Australian and Victorian barley prices have been steady to stronger over the last month on a track basis, with prices circa $325-330/MT in Adelaide’s Outer Harbor, and up $4-5/MT reaching $345-349 in Geelong. Meanwhile domestic end-user delivered prices for barley have continued to trend...