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......
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......
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......
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......
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......
Canola crops in South Australia are beginning to flower and are in generally good health due to favourable growing conditions despite the late start to the season. ABARES’ recent September Crop Report has the 25/26 SA canola crop pegged 373kMT, unchanged on last year but......
The lentil market has been hit hard by the onset of the Canadian harvest. In both SA and Vic, nipper lentil prices for the 25/26 season have declined $80-100/MT (across various delivery locations) since the start of August. Initially, the Canadian harvest started off......
SA and VIC wheat markets have continued to fall in recent months, pressured by weakness in US wheat futures, coupled with improving optimism for spring weather. Port Adelaide and Portland wheat bids are circa $330/MT and $337/MT, respectively, down about $20/MT since early July. This......
Australian barley prices have continued to soften, reflecting improved seasonal conditions at home and increases to global feed grain production forecasts. 2025/26 barley (BAR1) bids are around $300/MT Port Adelaide and $309/MT in Geelong, having softened $8-15/MT relative to bids seen in July. This continues......
New season canola prices spiked to $885/MT in late June following crude oil higher as tensions escalated in the Middle East with military action between Israel and Iran. Crude oil prices pulled back on the ceasefire announcement between the two countries with canola prices following......
Lentil prices across SA and Vic have continued their drift lower over the last month as large anticipated 25/26 production forecasts weigh on the market. Bids on a delivered Adelaide or Melbourne port basis have fallen around $10/MT to $760/MT for nipper-type lentils. In......
25/26 SA and VIC wheat prices have remained under pressure, mainly due to a softer local basis, weighed down by recent rainfall and an improved precipitation outlook, each of which have offered improved production prospects. Since July, new crop APW1 prices have fallen by $10/MT......
25/26 barley prices have cooled due to timely local rains which eased drought premiums and increased grower selling pressure. New crop barley prices currently sit around $310/MT in Adelaide’s Outer Harbour and $315/MT in Geelong. Despite the $20/MT pull back from the mid-May highs, a......
Canadian canola and EU rapeseed prices had previously been firming since mid-March; however, these trends have each since broken down. EU rapeseed fell below short-term and then medium-term support, whilst Canadian canola futures has more recently fallen below its short-term support. Crude oil prices rallied......
Lentil prices have remained under significant pressure over the last month, primarily due to lack of demand. Both old and new season prices in SA are down $60/MT since the beginning of June, with a drop of $40/MT in Vic over the same period.......
The June USDA report highlighted higher wheat production but a tighter balance sheet for the 2025/26 season. Production among major wheat exporters is estimated at 396.33 MMT, up 2.42% (9.37 MMT) y/y, primarily driven by increased output in the EU. Despite the y/y rise in......
SA and Vic barley prices have been on a strengthening trend though most of 2025 to-date, however this trend has now come to an end. Prices have been cooling over the last couple of weeks due recent rains and increased grower selling pressure. Despite the......
Canola prices received a boost through mid-June as bids rose from circa $820/MT to $852/MT in Adelaide’s Outer Harbour zone; the discount to GM-canola has slightly declined from $100/MT to $80/MT. Local prices have remained firm through May/June driven by dryness through the start of......
The lentil market remains in a strong inverse as local old crop supplies dwindle, contrasting with large global production forecasts for 25/26. Not all is rosy on the outlook, however, as the two primary lentil producing countries face a precariously low levels of moisture......
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......