Australia is heading towards a record barley harvest, but supplies are set to meet uncertain export demand and comfortable global stocks. Favourable conditions across SA and VIC have lifted yield expectations, with strong SA yields and increased plantings helping offset production losses in WA and...
Australian lentil prices have eased modestly in recent days, following a recovery through September and early October. New-crop bids are currently just below A$600/MT delivered Adelaide, with some buyers offering premiums of approximately A$10/MT for post-harvest delivery. The earlier price recovery was partly driven by a...
Black Sea wheat shipments have been severely disrupted by Russian and Ukrainian attacks on vessels and port infrastructure. Since July, these disruptions have triggered short covering by managed funds, lifting December 2026 US SRW wheat futures by 148 USc/bu, equivalent to approximately A$76/MT. The wheat market...
September was marked by a sharp decline in global wheat prices, with Dec-26 US soft red winter wheat futures falling by 67 USc/bu, equivalent to approximately A$37/MT. The decline was driven by renewed optimism surrounding Russia–Ukraine peace talks and sluggish demand for US wheat due...
Australia is heading towards another exceptionally large barley crop, setting up a market increasingly defined by the balance between harvest pressure and export demand. ABARES is forecasting 2026/27 Australian barley production at 16.4MMT, while USDA is higher at a record 17.1MMT. South Australia and Victoria remain...
South Australian 26/27 season canola crops are shaping up for record yields in some regions and production is likely to exceed the record 684kMT set in the 22/23 season. Production is likely to be up due to the area planted of 238kha up 15kha y/y...
Canadian lentil prices have begun to recover from their recent lows as the market moves further through harvest. By the end of August, 73% of Saskatchewan’s lentil crop had been harvested, with reported yields highly variable following challenging seasonal conditions. Current national production estimates broadly...
The Black Sea war remains at the centre of the wheat market. In July, renewed speculation over potential Russia–Ukraine peace talks briefly weighed on sentiment. However, with no concrete outcome confirmed, the market has continued its upward trend. Since early August, Dec US soft red winter...
Canola markets have eased over the past week after a strong run through July and early August. Adelaide new-season non-GM canola fell from around A$832/MT on 18 August to A$812/MT by 24 August, while GM values fell from A$805/MT to around A$785/MT. The fall was...
South Australia’s barley crop is heading towards spring in a considerably stronger position than appeared likely earlier in the season, with favourable autumn and winter rainfall supporting strong yield potential across much of the state. ABARES currently forecasts SA barley area at around 880,000 Ha, up...