US:
Slow Trading Overnight: Corn ◄► : Soybean ▼7 cents : Wheat ▼ 5 cents
Traders becoming impatient waiting for US shutdown to conclude and with US/China trade war stalemate. South America received some rain, but still dry conditions prevail.

Australia

The “LULL” continues as expected with skewed bidding creating grower concern and confusion, however growers are still confident saying prices are where they should be for viable farming operations. This could be true for most and any grower producer should expect a fair market value for their efforts. Results for some of our surveys have shown that most growers do not take into account “ALL” costs associated with farming operations. Results show that most farmers miscalculate cost of production by at least 30% if not more; if you were to calculate all the time spent on managing crops, stock and other farming related activity this miscalculation would be more like 50%.

The issue is that farming is associated with lifestyle rather than business and is highly linked to traditional family/emotional ties making the profile of farming owners/operators somewhat isolated with an intricate dynamic indeed. For example the issue of succession planning, retirement, technology, power struggles, skilled labour shortages and “Sibling Rivalry” and other intrinsic and extrinsic factors all impact heavily on “Profit”.

I am currently conducting another survey Titled: Ask yourself “are your fellow farmers competitors or partners”
If you would like to participate please email me : mario@grainpro.com.au and I will reply with the survey questions.

Sorghum: September planted Sorghum harvest begins in the Western Downs as growers rush to get it off, with growers reporting an average of approx. 3 tonnes to the hectare. Late sown Sorghum however is showing little promise with signs of ongoing stress due to continuing dry conditions.

Corn: Lower than usual planting across most of the corn growing areas of NSW , VIC and QLD with New Season Corn bids forward contracts being bid at $455/mt and Offered at $500/mt.

Barley: Total Australian Harvest Approx. 5.7 Million Tonnes (3.8 WA)
Australian Barley Consumption 2019 approx. 3.4 Mil/Tonnes – Export Min 3-4 Mil/Tonnes
Grower confidence is increasing daily as barley reserves are reports as “depleted” and with only approx. 5.7 million tonnes of barley in the country and an average Australian consumption of 3.4 million tonnes and a commitment of 4 million tonnes to TPP exports.. “DO THE MATH” Albeit buyers are gravitating toward Wheat the gap between the two is still $35-$50/mt

Wheat: Total Australian Harvest Approx. 17.9 Million Tonnes (14.8 WA)
Australian Wheat Consumption 2019 approx. 8.3-9 Mil/Tonnes – Export Min 8 Mil/Tonnes
More reports of falling numbers with little price difference between the grades lower than H1/APH however with a sliding AUD exports could see a resurgence as Australian Wheat & Barley is world renowned as of the highest quality. Again when you consider total harvest numbers compared to consumption and export commitments.. “DO THE MATH

Below is a list of price indications and estimates as at 15 January 2019

Price estimates are based on averages & dependent on X-Farm Location or Delivery Methods, Prices indicated below show the fluctuations ▲▼ ◄► from the previous update. Positive short-term pricing outlook (6-8 Weeks) indicated by ✪ Long-Term (3-6 Months) ✪ ✪ Please note listed prices are based on “Supplier Selling Expectations for Today Only” They are not Buying BIDS.

For FIRM Pricing please Call GrainPro 1800 816 887

Indicative Prices For Today 15 January 2019

BARLEY F1: (Delivered)
VIC: MELB ▼ $410 / GV ▲ $430 / WG ▼ $445 ✪ ✪
SA: ADL ▲ $382 ✪ ✪
QLD: CQ ▲ $435 / DOWNS ▼ $415 BRIS FOT ▲ $420 ✪ ✪
NSW: LLP ▲ $447 / RIV ▲ $455 / NCTL FOT▲ $415 ✪ ✪

WHEAT min SFW: (Delivered)
VIC: MELB ▲ $440 / GV ▼ $448 / WG▼ $455
SA: ADL from ▲ $390
QLD: CQ ▲ $470 / Downs ▲ $460 / BRIS FOT ◄► $445
NSW: LLP ▲ $470 / RIV ▲ $460 / NCTL FOT◄► $445

CHICKPEAS: (DCT) BRIS / MELB / ADL / SYD – Desi 17/18 ▼ $855 18/19 ▲ $930
Kabuli ▲$800
LENTILS: (DCT) VIC / SA ▲ Nipper $630 / Jumbo ▲ $710
CANOLA: (Delivered) VIC ▲ $615 / NSW ▲ $650 ✪
SORGHUM: (Delivered) CQ XF ▲ $325 / DOWNS ▲ $355 BRIS ▲ $355 / NCTL ▲ $370 MELB ▲ $390 ✪
OATS M1: (Delivered) VIC ▼ $522 RIV ▼ $535 NTH NSW ▲ $555 QLD ▲ $600 ✪
CORN: (Delivered) 17/18 NTH NSW ◄► $575 VIC ▼ $535 18/19 VIC GV $470
LUPINS Rnd: (Delivered) VIC ▲ $575 SA ▲ $535 NTH NSW ▼ $645 ✪
LUPINS Albus: (DCT) VIC ▲: $1160 SA ▲ $1200 ✪
FIELD PEAS: (DCT) VIC ▲ $700 SA ▲ $700
FABA BEANS: (DCT) VIC ▲$965 SA ▲ $960
HAY: (On-Farm) SA / VIC ◄► $210 – $240
STRAW: (On-Farm) SA / VIC / NSW ◄► $100 – $120
CANOLA MEAL: (FOT) VIC ▲ $460 NSW ▲ $480 ✪
COTTONSEED: FOT: MIA RIV ▲ $535 NTH NSW ▲ $555 ✪
ALMOND HULLS: FOT: VIC ◄► $200 NSW ▲ $240

SEE MORE PRICES LIVE GRAIN & HAY PRICES:Click Here

*For more information on market strategy feel free to call GrainPro Account Reps.

Mario: General Market Strategy PH: 0412 315 548
Cameron: Pulses and Export Market PH: 0488 400 660
Nick: Cereals Market PH: 0457 238 932
Angela: Planting Seed & Fertiliser PH: 0407 462 385
Jemma: Hay & Feed Market PH: 1800 816 887