Rainfall through SA and Vic has been above average over the last couple months and thus been strongly supportive of increased yield potential for 26/27 lentils. Australian lentil crop production forecasts are getting larger; ABARES had estimated the national lentil crop at around 2.2MMT, but...
The Black Sea conflict remained the key driver of the global wheat market throughout July. However, ongoing attacks on grain export vessels and infrastructure failed to prevent wheat futures from declining over the second half of the month. Since 24 July, December 2026 CBOT Soft...
The South Australian canola crop is looking exceptional at this stage following ideal growing season conditions. Timely seeding and above-average rainfall have advanced crop development, with some crops now flowering for more than a month. With an increase in planted area due to relatively high...
The Russia–Ukraine conflict has once again shaken cereal markets following Russia and Ukraine trading blows over shipping in the Sea of Azov and the Black Sea. As the Sea of Azov handles around one-quarter of Russia's grain exports, the disruption on 10th of July has...
The recent Black Sea conflict reminded markets that the Russia–Ukraine war remains an ongoing risk to global wheat markets. The rally was triggered by Ukraine's drone attacks on Russian vessels and infrastructure in the Sea of Azov, prompting Russia to temporarily halt shipping in the...
New-crop 26/27 lentil prices have declined roughly $50/MT over the last month on a delivered Adelaide and Melbourne basis, now circa $600/MT. A primary driver behind the decline is the improving new-crop prospects for Australia, with ABARES pegging production at a record 2.2MMT. According to...
ABARES forecasts the 26/27 Australian canola crop area at 3.5Mha which is down slightly y/y by 0.2Mha and at trend yield, production is forecast at 6.2MMT down 1.5MMT y/y. SA and Vic 26/27 canola crops have experienced exceptional growing conditions for the start of the...
Over the past month, new crop wheat prices in SA and VIC have declined by approximately $25/MT, while old crop values have eased by around $15/MT. Local cash markets have been pressured by widespread rainfall across Australian cropping regions, improving production prospects, alongside bearish global...
Global feedgrain markets remain comfortable on paper, and barley continues to trade in the shadow of a large corn balance sheet. South America remains the main pressure point, with Brazil’s total corn crop estimated near 138MMT, of which the Safrina corn crop is still estimated...
Old-crop lentil prices have continued to drift lower, despite a recent pullback in the Australian dollar and limited grower selling liquidity. The seasonal strength seen through April and May has faded, and old-crop bids are now converging with new-crop indications, which are sitting around $650–655/mt...