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...
As we approach harvest, many growers are mentally prepping for task of harvesting and marketing the grain they have spent all year growing. Being human, we quite often don’t like being told that something we have put a lot of effort into, doesn’t meet the...
[ngg src="galleries" ids="2" display="basic_slideshow" autoplay="1"]Ed Scamps, director of CloudBreak, recently travelled to the US for a week to see firsthand the detrimental effect that excessive wet weather had on corn and soybean plantings this year. The extreme weather began in March this year when a...
The 2018/19 season was the first year Viterra introduced dynamic binning for wheat, allowing growers to receive grade upgrades with classification ranges applicable based on a rolling stack average system. The positive feedback received by the bulk handling company has prompted them to widen the...
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,...
Edit: 24th June 2019 Graincorp have announced this morning, that growers who deliver Spartacus CL or Scope CL to Graincorp sites (eastern states) will have to declare the use of Imidazolinone chemicals upon delivery. Alongside this, Graincorp will also segregate all Imidazolinone treated Spartacus CL and...
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...
The Philippines is on track to import a record 7 MMT in the 2018/19 marketing year with demand driven by a shift in preferences from corn to wheat products. Wheat imports have been rising in the Philippines over several years now, however, after typhoon damage...