SA and Vic new crop wheat prices have slipped $10/MT over the past month on a track basis, with a softer basis against SRW weighing on the market. This pressure primarily stemmed from improved spring rainfall forecasts for southern and south-east Australia, along with recent......
South Australian and Victorian barley prices have been steady to stronger over the last month on a track basis, with prices circa $325-330/MT in Adelaide’s Outer Harbor, and up $4-5/MT reaching $345-349 in Geelong. Meanwhile domestic end-user delivered prices for barley have continued to trend......
Globally canola and rapeseed stocks are tight, and futures markets are in backwardation where spot prices are higher for old crop than for the deferred new crop contracts. 25/26 global production in exporting countries are expected to increase 3MMT to 48.5MMT and stocks are forecast......
Whilst the SA and Vic lentil market has continued to sit around the $900/MT delivered-port equivalent, underlying demand has been quieting down, particularly from India since the reimposition of their lentil import duty. The duty, imposed on 8th March, consists of 5% basic customs......
US wheat futures remained in a medium downward trend through April due to favourable precipitation in late April in key winter wheat growing regions in the US. According to the latest crop conditions report, 51% of the US winter wheat crop is rated Good to......
Canola seeding has commenced in South Australia into mainly dry soils, with Victorian growers also seeding with greater confidence after receiving reasonable April rainfall of 10 to 25mm and subsoil moisture from rains in December. For the 25/26 season, there is forecast 240,000ha to be......
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......
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......
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......
A deeper dive into the 2024/25 wheat supply and demand suggests a moderately bullish outlook, driven by tightening global supply and weather uncertainties in both the US and Russia adding layers of complexity. Bearishly, China’s import demand has been slower than expected, with a potential......
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......
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 improve,......
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......
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......