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 shipping...
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 8MMT...
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 handed down...
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...
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 Wheat...