Canadian lentil prices have begun to recover from their recent lows as the market moves further through harvest. By the end of August, 73% of Saskatchewan’s lentil crop had been harvested, with reported yields highly variable following challenging seasonal conditions. Current national production estimates broadly...
The Black Sea war remains at the centre of the wheat market. In July, renewed speculation over potential Russia–Ukraine peace talks briefly weighed on sentiment. However, with no concrete outcome confirmed, the market has continued its upward trend. Since early August, Dec US soft red winter...
Canola markets have eased over the past week after a strong run through July and early August. Adelaide new-season non-GM canola fell from around A$832/MT on 18 August to A$812/MT by 24 August, while GM values fell from A$805/MT to around A$785/MT. The fall was...
South Australia’s barley crop is heading towards spring in a considerably stronger position than appeared likely earlier in the season, with favourable autumn and winter rainfall supporting strong yield potential across much of the state. ABARES currently forecasts SA barley area at around 880,000 Ha, up...
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...