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...
Global wheat futures have been pressured on the recent news of working towards a Black Sea partial cease-fire, with the intent by the US and Russia, to re-open the Black Sea Grain Corridor. This was announced by the White House on the 25th March 2025....
Barley prices have remained broadly unchanged over the last month with Outer Harbour remaining at $320/MT, with some minor ($2-$4/MT) price pull back. Much of Australian barley’s competitive pricing through the start of 2025 has been a function of the low Australian dollar, along with...
The Australian lentil market is struggling under the weight of the import tariff imposed early by the Indian government. Originally the duty exemption for lentils was due to expire on 31st March 2025, but this was brought forward to 8th March. The rate has been...
Wheat futures have dropped sharply, driven by escalating trade tensions following US President Donald Trump’s tariffs on imports from Canada, Mexico, and China. These tariffs have spooked global markets, overshadowing concerns of weather-related crop issues and creating significant volatility in wheat markets. From early January...
Barley prices over the last three weeks have continued to trend higher, increasing $3-$7/MT across SA and Vic ports. As a result of this trend, barley prices reached a recent high of $322/MT. This price increase is primarily a result of increased barley vessel action...
South Australian 24/25 season canola prices have been trending sideways for February, with conventional canola ranging from $770/MT to $810/MT and GM canola $655/MT to $690/MT. Towards the end of the month, prices have pulled back as competition between exporters declines and shipping programs are...
Lentil prices across South Australia and Victoria have dipped though early Feb, now priced just below $900/MT on a delivered-port basis or equivalent. With many of the bulk vessels finalising near-term accumulation, the market has broadly come into alignment with the containerised market where shipping...