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...
Globally canola and rapeseed stocks are tight, and futures markets are in backwardation where spot prices are higher for old crop than for the deferred new crop contracts. 25/26 global production in exporting countries are expected to increase 3MMT to 48.5MMT and stocks are forecast...
Whilst the SA and Vic lentil market has continued to sit around the $900/MT delivered-port equivalent, underlying demand has been quieting down, particularly from India since the reimposition of their lentil import duty. The duty, imposed on 8th March, consists of 5% basic customs +...
US wheat futures remained in a medium downward trend through April due to favourable precipitation in late April in key winter wheat growing regions in the US. According to the latest crop conditions report, 51% of the US winter wheat crop is rated Good to...
Canola seeding has commenced in South Australia into mainly dry soils, with Victorian growers also seeding with greater confidence after receiving reasonable April rainfall of 10 to 25mm and subsoil moisture from rains in December. For the 25/26 season, there is forecast 240,000ha to be...
The lentil market has rebounded following lows seen in mid-March, with delivered SA markets returning to $890-900/MT and Vic Wimmera bids $850-$860/MT. The market was initially spurred by a sharp decline in the Aussie dollar in early April; yet despite the strong rebound in the...
Local barley prices have trended $8-10/MT higher over the last month reaching prices between $325-330/MT in Adelaide’s Outer Harbour and $340-345/MT in Geelong. Delivered barley prices have continued trending higher, with Adelaide zone delivered prices fetching up to $370/MT as stocks dwindle and feeders focus...
Global rapeseed prices have been extremely volatile through March. Earlier in the month, EU rapeseed prices were testing 2-year highs due to tight stocks of rapeseed in Europe. According to the USDA, last season’s rapeseed production in the EU was 17.2MMT, down 2.7MMT y/y due...