Coronavirus and US-China trade deal vaugeness increasing volatility in market Canadian crush rates up significantly Y-on-Y, 20/21 production 5.9% lower Palm oil debacles between India and Malaysia, hindered Chinese economic growth & crude oil falls weighing on EU rapeseed market Aussie canola lifted on...
The Australian barley market continued its upward momentum through the first half of January as short covering and a lack of grower liquidity continued to play on the market, only to fall away late last week. Barley 1 in the Outer Harbour zone rallied up...
Over the past fortnight, wheat (cash, futures and delivered prices) escaped the seasonal holiday slump with prices maintaining their steady to slightly stronger tone, particularly within the delivered markets. It appears that with limited trading activity over the past month, a few end users are...
Lentil markets have continued to drive higher over the past fortnight, with delivered Adelaide bids hitting $610/MT for NIPT1 late last week, now $100/MT above where we saw the most recent lows in August/September. Growers have remained cautious with sales; particularly as lofty prices have...
Canola prices recently reached highs of $615/T in Outer Harbor and Port Lincoln before dropping $45/MT. We saw basis over European (Matif) rapeseed prices move to €16 higher than the season average to-date. With the recent drop in cash prices, basis has since returned to...
Imidazolinone - One of the major risks currently surrounding the Australian barley market is the reduced Maximum Residue Levels (MRL) applied by Japan and South Korea. Both Clearfield varieties of barley available in Australia (Spartacus CL and Scope CL) can have Imidazolinone (IMI) chemicals applied. However,...
Wheat markets have seen some solid support over the past fortnight as US futures markets continue their rally and east coast weather concerns support domestic demand. New crop production estimates have lifted higher again on the back of favourable weather in major exporter countries. WASDE/Global Reports...