Grain price update and estimates as at 11th March 2019

KEY TO PRICING

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. Prices shown below, show Buyer bid range on the left and seller offer range on the right i.e Barley (bid range $355-$365/ Offer range $375-$390 Please note the “Bid / Offer Ranges are only derived from current markets and reflect both “Trade Buyers & Domestic Buyers AND Trade Sellers & Growers.

 

 

BARLEY

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

Barley is set to stabilise this week with delivered offers unchanged from last update ◄► Del Melb Bid $355- & Offered $370+

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… Average grower expectations ex-farm Victoria ◄► $355-$370 / Riverina/NSW ▲$400-$415

WHEAT

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

Wheat also stabilised from last Fridays close ◄► with Del Melb Bid $380- Offered $405+

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 $0.70.3) exports could see a resurgence as Australian Wheat & Barley & Pulses are world renowned around the world for quality. Again when you consider total harvest numbers compared to consumption and export commitments. it seems that reserves will be low or even depleted by May/July/August 2019.
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For Firm Pricing & Market Guidance Call GrainPro:
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Mario: 0412 315 548
Cameron: 0488 400 660
Nick : 0457 238 932
Josh: 0455 113 910
Planting Seed & Fertiliser: 1800 816 887
Hay & Mixed Feeds: 1800 816 887

 

Current Bids & Offers For Today 11th March 2019

BARLEY F1: (Delivered Bids/Offers) ✪ ✪
VIC: MELB ◄► Bids $353-$355 / Offers $363-$370
VIC GV ◄► Bids $355-$360 / Offers $365-$378
VIC WG ◄► Bids $370-$385 / Offers $400-$405

QLD: CQ ◄► Bids $387-$400 / Offers $415-$420
DOWNS ◄► Bids $377-$380 / Offers $390-$400
BRIS FOT ◄► Bids $368-$370 / Offers $372-$380

NSW: LLP ▲ Bids $397-$403 / Offers $408-$420
RIV ◄► Bids $390-$395 / Offers $400-$415
NCTL FOT ◄► Bids $385-$390 / Offers $395-$405

WHEAT min SFW: (Delivered Bids/Offers)
VIC: MELB ▼ Bids $390-$400 / Offers $405-$415
GV ◄► Bids $393-$395 / Offers $410-$420
WG ◄► Bids $410-$415 / Offers $430-$445

QLD: CQ ◄► Bids $425-$440 / Offers $430-$450
Downs ◄► Bids $415-$420 / Offers $425-$440
BRIS FOT ◄► Bids $400-$410 / Offers $415-$430

NSW: LLP ◄► Bids $443-$450 / Offers $460-$475
RIV ◄► Bids $408-$415 / Offers $420-$435
NCTL FOT ◄► Bids $410-$417 / $420-$435

CHICKPEAS: (DCT Bids/Offers) 18/19
BRIS-SYD (Desi) ◄► Bids $850-$855 / Offers $880-$900 (Kabuli) ◄► $750-$755 / Offers $800-$825
MELB-ADL (Desi) ◄► Bids $850 -$870 / Offers $885-$900 – (Kabuli) ◄► $810-$850

LENTILS: (DCT Bids/Offers)
VIC / SA ▼ Nipper Bids $555-$565 / Offers $580-$600 – Jumbo ◄► No Bids / Offers $700-$720 – Nuggets ▼ No Bids / Offers $620-$640

CANOLA ✪: (Delivered Bids/Offers)

VIC ▲ Bids $610-$615 / Offers $630-$655 –

NSW ◄► Bids $625-$630 / Offers $645-$660

SORGHUM: (Bids/Offers)
CQ XF ◄► FOT Bids $340-$345 / Offers $350-$60
DOWNS ◄► DEL Bids $356-$360 / Offers $365-$380
BRIS ◄► DEL Bids $370-$375 / Offers $380-$390
NCTL ◄► DEL Bids $395-$400 / Offers $405-$425
MELB ◄► DEL No Bids / Offers $490-$500 ✪

OATS M1: (Delivered Bids/Offers)
VIC ◄► Bids $510-$520 / Offers $535-$550
NTH NSW ◄► Bids $550-$555 / Offers $565-$570

CORN: ( Bids/Offers) 18/19
VIC XF ▲ Bids $450-$465 / Offers $475-$485
RIV XF ▲ Bids $460-$465 / Offers $465-$470

LUPINS Rnd: (Bids/Offers)
VIC XF ◄► Bids $560-$565 / Offers $570-$580 Melb FOT $540-$545

LUPINS Albus: (DCT Bids/Offers)
VIC DCT ◄► Bids $1150-$1155 / Offers $1190-$1200 ✪

FIELD PEAS: (Bids/Offers)
VIC XF ◄► Bids $550-$560 / Offers $570-$600

FABA BEANS: (DCT Bids/Offers)
VIC – SA ◄► Bids $1170-$1180 / Offers $1190-$1200

HAY: XF (Bids/Offers) VIC ▲ Bids $240 – $250

STRAW: XF (Bids/Offers) SA / VIC ▲ Bids $90 – $150

COTTONSEED: (FOT Bids/Offers) 18/19
MIA RIV ▲ Bids $495-$500 / Offers $510-$525
NTH NSW ▲ Bids $540-$545 / Offers $555-$570
QLD ◄► Bids $575-$580 / Offers $600-$620