Australia

 

BARLEY

 

Total Australian Harvest Approx. 5.7 Million Tonnes (3.8 from WA)

 

Reports of long ques of wheat shipments into TPP, China, Saudi Arabia, Melbourne, Newcastle and Brisbane. Barley edged LOWER again with delivered offers ▼ $10

 

Australian Barley Consumption for 2019 is estimated to be approx. 3.4 Million Tonnes – With an Export Minimum Commitment of  3-4 Million Tonnes

 

Grower confidence continuing to strengthen saying 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 to export min 4 million tonnes to TPP… so things are looking good… Average Grower expectations ex-farm Victoria from $385-$407 Riverina/NSW $420-$430

 

WHEAT

 

Total Australian Harvest Approx. 17.9 Million Tonnes (14.8 from WA)

 

Wheat LOST some ground ▼ approx. $5 – $10 for on-farm bidding In Victoria.

 

Australian Wheat Consumption for 2019 is estimated to be approx. 9 Million Tonnes – with a minimum export commitment of 8-10 Million Tonnes.

 

However with a sliding AUD (currently $0.72) exports could see a resurgence as Australian Wheat & Barley & Pulses are world renowned  for quality. Again when you consider total harvest numbers compared to consumption and export commitments.. its seems that reserves will be low or even depleted by July/August 2019.

 

Below is a list of price indications and estimates as at 5th February 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”.

 

 

 

For Firm Pricing & Market Guidance Call GrainPro:

 

Mario: 0412 315 548  – Cameron: 0488 400 660  – Nick : 0457 238 932  Josh: 0455 113 910

 

Planting Seed & Fertiliser: 1800 816 887

 

Jemma: Hay & Mixed Feeds PH: 1800 816 887

 

 

Indicative Prices For Today 5th February 2019

 

 

BARLEY F1: (Delivered)

VIC: MELB ▼ $405  / GV ▼ $410 / WG ▼ $430 ✪ ✪

SA: ADL ▼ $365 ✪ ✪

QLD: CQ ▼ $430 / DOWNS ▼ $410 / BRIS FOT ▼ $390 ✪ ✪

NSW: LLP ▼$450 / RIV ▼ $455 / NCTL FOT ▼ $410 ✪ ✪

 

WHEAT min SFW: (Delivered)

VIC: MELB ▼ $438 / GV ▼ $440 / WG ▲ $460

SA: ADL from ▼ $385

QLD: CQ ▼ $465 / Downs ▼ $445 / BRIS FOT ▼ $430

NSW: LLP ▲ $482 / RIV ▼ $455 / NCTL FOT ▼ $435

 

 

CHICKPEAS: (DCT) BRIS / MELB / ADL / SYD – Desi 17/18 ▼ $850 18/19 ▼ $900 Kabuli ▼$800

 

LENTILS: (DCT) VIC / SA ▼ Nipper $590 / Jumbo ▼ $695 Nuggets ▼ $670

 

CANOLA: (Delivered) VIC ▼ $605 / NSW ▼ $635 ✪

 

SORGHUM: (Delivered)

CQ XF ▲ $335 /  Del DOWNS ▼ $360 / BRIS ▲ $375 / NCTL ▲ $400 MELB ▲ $490 ✪

 

OATS M1: (Delivered) VIC ▲ $537 /  RIV ▲ $545 / NTH NSW ▲ $575 / QLD ▲ $620 ✪

 

CORN: (Delivered) 17/18 NTH NSW ▲ $580 /  VIC ▲ $570 /  New Season  Corn: 18/19 XF VIC  ▲$455 / XF RIV $460

 

LUPINS Rnd: (Delivered) VIC ▲ $595  / SA ▲ $587 / NTH NSW ▲ $652 ✪  FOT Melb: $540

 

LUPINS Albus: (DCT) VIC ▲: $1175 ✪

 

FIELD PEAS: (DCT) VIC ▼ $695 /  SA ▼ $700

 

FABA BEANS: (DCT) VIC ▲$1175  /  SA ▲ $1175

 

HAY: (On-Farm) SA / VIC ◄► $210 – $240

 

STRAW: (On-Farm) SA / VIC / NSW ▼ $90 – $100

 

CANOLA MEAL: (FOT) VIC ▲ $480 / NSW ▼ $490 ✪

 

COTTONSEED: FOT: MIA RIV ▲ $650 / NTH NSW ▲ $685   / QLD ▲$710 ✪