Barley prices since late December have forged $17/MT higher, now trading at $317/MT in SA’s Outer Harbour port zone. Whilst this price increase has an underlying fundamental basis, there has also been price strength noted in the global feed grain complex. This strength stems from...
Over the past fortnight we have seen local barley prices drop $10 – $12/MT at all major port zones. History shows us that this is a critical time of year to capitalise on forward sales. We regularly see US corn futures seasonal lows for both...
US SRW wheat has surged higher over the last couple of weeks, rallying circa 60 c/bu from recent lows. The Price has pushed through resistance at 720c/bu and is now taking aim at the previous season high of 770c/bu. The market is pushing higher following...
Lentil prices firm on Canadian weather concerns High freight and container costs keep a lid on price rallies India still continues pressuring stock liquidation Global new crop supplies smaller y/y Lentil prices have begun to firm once more as the market focuses on deteriorating crop...
USDA leaves soybean plantings unchanged US soybeans stocks 44% lower YoY 33% of US soybean crop in drought Canadian subject to extreme heat, wind and complete dryness Local canola values have an eventful couple of weeks, fluctuating between $705-$800/MT. The US Supreme court handed down...
Australia/China still haven’t spoken regarding the anti-dumping claims Local barley values have remained stable over the past fortnight ABARES & USDA increase barley production for 2020/21 in Australia Corn continues to trade at extremely low values Relations between Australia & India continue to...
Improved Northern Hemisphere production forecasts pressure markets Black Sea exports expected to be strong for the first half of the marketing year US winter harvest is underway at average pace Australian prospects good, on the provision of winter rain AUD strength pressures domestic prices Wheat...
India temporarily relaxes lentil tariffs Supply-chain concerns linger in subcontinent Kharif crop likely to be hit by large locust swarm 2020 lentil production forecast higher; stocks still low $Aud resurgence caps lentil rally Tariff changes – over the past fortnight, India reduced their basic import...
Matif rapeseed continues its rally on dry weather & yield cuts Canadian canola exports to China drop to 30% of normal China now Australia’s second largest buyer Palm oil rallied as India re-entered the market Crude oil up 35% in the last month as...
China threatens an 80% tariff on Australia barley imports Anti-dumping investigation final result due by May 19 Local barley values pressured by decent rainfall in Black Sea & EU Australian climate drivers predicting a wetter than average season Fixed feed spreads worth considering China’s Anti-Dumping...