GrainPro Pricing Update as at 13th February 2019.

 

 

Australia

 

Barley

 

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

 

Reports of increasing interest of wheat & barley shipments into TPP, China, Saudi Arabia, Melbourne, Newcastle and Brisbane. However barley dropped lower again with delivered offers down from last update ▼ another $10 to Del Melb $365

 

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 $380-$400 / Riverina/NSW $405-$412

 

Wheat

 

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

 

Wheat lost some more ground ▼ approx. $10-$15 to Del Melb $400-$410

 

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 $0.70.9) 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 13th 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” Unless otherwise stated.

 

 

 

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 PH: 0407 462 385

 

Jemma: Hay & Mixed Feeds PH: 1800 816 887

 

 

Indicative Prices For Today 13th February 2019

 

 

BARLEY F1: (delivered selling expectations)

VIC: MELB ▼ $380  / GV ▼ $392 / WG ▼ $410 ✪ ✪

SA: ADL ▼ $345 ✪ ✪

QLD: CQ ▼ $420 / DOWNS ▼ $400 / BRIS FOT ▼ $380 ✪ ✪

NSW: LLP ▼$440 / RIV ▼ $445 / NCTL FOT ▼ $400 ✪ ✪

 

WHEAT min SFW: (delivered selling expectations)

VIC: MELB ▼ $422 / GV ▼ $430 / WG  ▼ $450

SA: ADL from ▼ $370

QLD: CQ ▼ $460 / Downs ▼ $440 / BRIS FOT ▼ $420

NSW: LLP ▼ $467 / RIV ▼ $452 / NCTL FOT ▼ $422

 

 

CHICKPEAS: (DCT) BRIS / MELB / ADL / SYD – 18/19 ▼ $850 / Kabuli ▼$790

 

LENTILS: (DCT) VIC / SA ▼ Nipper $575 / Jumbo ▼ $600 / Nuggets ▼ $585

 

CANOLA: (Delivered) VIC ▼ $600 / NSW ▼ $630 ✪

 

SORGHUM: (Delivered) CQ XF ▼ $330 /  Del DOWNS ▼ $355 / BRIS ▼ $365 / NCTL ▲ $405 MELB ▲ $495 ✪

 

OATS M1: (Delivered) VIC ▼ $535 /  RIV ▼ $525 / NTH NSW ▼ $565 / QLD ▼ $610 ✪

 

CORN: (On-Farm) 18/19 XF VIC  ▲$465 / XF RIV $470

 

LUPINS Rnd: (On-farm) VIC ▲ $565  / SA ▲ $557 /  Delivered: NTH NSW ▲ $670 ✪  FOT Melb: $540

 

LUPINS Albus: (DCT) VIC/Melb/Syd ▲: $1200 ✪

 

FIELD PEAS: (DCT) VIC/Melb ▼ $650 /  SA/Adl ▼ $650

 

FABA BEANS: (DCT) VIC ▲$1200  /  SA ▲ $1200

 

HAY: (On-Farm) SA / VIC ▼ $195 – $220

 

STRAW: (On-Farm) SA / VIC / NSW ▼ $70 – $80

 

CANOLA MEAL: (FOT) VIC ▲ $470 / RIV/NSW ▼ $470 ✪

 

COTTONSEED: FOT: MIA RIV ▲ $680 / NTH NSW ▲ $695   / QLD ▲$740 ✪