Over the past fortnight, the SA and VIC markets have held steady, with increases in global wheat futures offset by a weakening local basis as harvest slowly picks up pace. Since mid-October, ADE basis has softened from 71 USc/bu to 51 USc/bu, while PTL basis...
The US corn harvest is wrapping up, with estimates putting total production near a record 425MMT. But the month-long US government shutdown has made it difficult to pin down updated yield results or export data, leaving markets to run on increased speculation whilst data sits...
The South Australian canola harvest is slowly approaching, with recent wet and cool weather delaying harvest. The area planted to canola in SA was reduced at the beginning of the season due to a late start and dry subsoil. The crop has developed well in...
Lentil prices have steadied over recent weeks with delivered prices settling just above $600/mt. Recent price support has been driven by a lower Aussie dollar (vs September), limited grower selling and a decline in Canadian liquidity post-harvest. Some near-term shipping shorts have seen recent opportunities...
October saw the wheat market regain some strength, with Adelaide APW1 prices edging up by around $5/MT for the month to-date, while Portland APW1 gained about $10/MT. The market has been mainly supported by a weaker Australian dollar and increasingly dry conditions since September. However,...
Local barley prices we have seen some small gains over the past month, with BAR1 in Adelaide circa $290/MT and $310/MT in Geelong. The market has found some support with the weather turning more arid and growers are searching for finishing rains. In the background,...
The SA and Vic canola growing season has improved significantly from the first half of 2025 with the late start and low subsoil moisture, to now better soil moisture profiles following good rainfall through winter in most regions. The USDA WASDE production forecast for the...
Aussie lentil prices have continued to push lower, with declines surpassing $100/MT over the last month. The primary driver has been the hefty Canadian crop which is reportedly much larger than originally anticipated, with production forecasts ranging between 2.9-3.5MMT (combined red and green). At the...
SA and VIC wheat markets have remained under pressure this month, with Port Adelaide APW1 down $12/MT and Portland $14/MT since early September. This decline has been driven by weaker global wheat futures, a firmer Australian dollar, and easing basis levels. Of note, global wheat futures...
Barley prices have continued to cool across southern Australia, with bids slipping to around $290 per metric tonne (MT) in Adelaide’s Outer Harbour and $304/MT in Geelong — declines of $17/MT and $11/MT respectively over the past month. The slide reflects improved grower confidence and...