Canola crops in South Australia are beginning to flower and are in generally good health due to favourable growing conditions despite the late start to the season. ABARES’ recent September Crop Report has the 25/26 SA canola crop pegged 373kMT, unchanged on last year but...
The lentil market has been hit hard by the onset of the Canadian harvest. In both SA and Vic, nipper lentil prices for the 25/26 season have declined $80-100/MT (across various delivery locations) since the start of August. Initially, the Canadian harvest started off at a...
SA and VIC wheat markets have continued to fall in recent months, pressured by weakness in US wheat futures, coupled with improving optimism for spring weather. Port Adelaide and Portland wheat bids are circa $330/MT and $337/MT, respectively, down about $20/MT since early July. This...
Australian barley prices have continued to soften, reflecting improved seasonal conditions at home and increases to global feed grain production forecasts. 2025/26 barley (BAR1) bids are around $300/MT Port Adelaide and $309/MT in Geelong, having softened $8-15/MT relative to bids seen in July. This continues...
New season canola prices spiked to $885/MT in late June following crude oil higher as tensions escalated in the Middle East with military action between Israel and Iran. Crude oil prices pulled back on the ceasefire announcement between the two countries with canola prices following...
Lentil prices across SA and Vic have continued their drift lower over the last month as large anticipated 25/26 production forecasts weigh on the market. Bids on a delivered Adelaide or Melbourne port basis have fallen around $10/MT to $760/MT for nipper-type lentils. In contrast,...
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...