Australian Grain On The Rise As Bulls At The Gate & Ready To Go!!

Grain price update and estimates as at 14th 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 $365-$375/ Offer range $385-$400 Please note the “Bid / Offer Ranges are only derived from current markets and reflect both “Trade Buyers & Domestic Buyers AND Trade Sellers & Growers.

See Live Grain Prices: CLICK HERE

BARLEY

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

Barley is set to continue to rise in the coming weeks with delivered offers up from last update ▲ Del Melb Bid $365- & Offered $395+

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 ▲ $395-$405 / Riverina/NSW ▲$410-$435

WHEAT

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

Wheat also up slightly from last Fridays close ▲ with Del Melb Bid $390- Offered $415+

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 have see a resurgence as Australian Wheat & Barley & Pulses are world renowned around the world for its 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

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Current Bids & Offers For Today 14th March 2019
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BARLEY F1: (Delivered Bids/Offers) ✪ ✪
VIC: MELB ▲ Bids $375-$385 / Offers $390-$405
VIC GV ▲ Bids $375-$380 / Offers $390-$405
VIC WG ▲ Bids $380-$385 / Offers $415-$430

QLD: CQ ▲ Bids $415-$420 / Offers $435-$440
DOWNS ▲ Bids $415-$420 / Offers $430-$445
BRIS FOT ▲ Bids $378-$385 / Offers $382-$415

NSW: LLP ▲ Bids $410-$420 / Offers $438-$450
RIV ▲ Bids $393-$398 / Offers $405-$425
NCTL FOT ▲ Bids $395-$400 / Offers $405-$425

WHEAT min SFW: (Delivered Bids/Offers)
VIC: MELB ▲ Bids $394-$410 / Offers $405-$435
GV ▲ Bids $398-$405 / Offers $420-$425
WG ▲ Bids $412-$418 / Offers $435-$450

QLD: CQ ▲ Bids $427-$432 / Offers $440-$450
Downs ▲ Bids $417-$422 / Offers $435-$445
BRIS FOT ▲ Bids $403-$407 / Offers $415-$420

NSW: LLP ▲ Bids $445-$450 / Offers $465-$480
RIV ▲ Bids $410-$415 / Offers $435-$445
NCTL FOT ▲ Bids $402-$410 / $410-$425

CHICKPEAS: (DCT Bids/Offers) 18/19
BRIS-SYD (Desi) ▼ Bids $780-$785 / Offers $830-$850 (Kabuli) ◄► $750-$755 / Offers $800-$825
MELB-ADL (Desi) ▼ $780-$785 / Offers $830-$850 – (Kabuli) ◄► $810-$850

LENTILS: (DCT Bids/Offers)
VIC / SA ◄► Nipper Bids $555-$565 / Offers $580-$600 – Jumbo ◄► No Bids / $630+ Nuggets ◄► No Bids / Offers $620-$640

CANOLA ✪: (Delivered Bids/Offers)

VIC ▲ Bids $590-$605 / Offers $630-$655

NSW ▲ Bids $615-$620 / Offers $635-$650

SORGHUM: (Bids/Offers)
CQ ▲ FOT Bids $340-$345 / Offers $350-$60
DOWNS ▲ DEL Bids $356-$360 / Offers $370-$385
BRIS ▲ DEL Bids $380-$395 / Offers $395-$400
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-$480
RIV XF ▲ Bids $460-$465 / Offers $475-$485

LUPINS Rnd: (Bids/Offers)
VIC XF ▲ Bids $570-$595 / Offers $600-$610 Melb FOT $540-$545

LUPINS Albus: (DCT Bids/Offers)
VIC DCT ◄► Bids $1120-$1135 / Offers $1170-$1200 ✪

FIELD PEAS: (Bids/Offers)
VIC DCT ◄► Bids $650-$660 / Offers $670-$700

FABA BEANS: (DCT Bids/Offers)
VIC – SA ◄► NO BIDS / Offers $1190-$1200

HAY: XF (Bids/Offers) VIC ▲ Bids $270 – $300

STRAW: XF (Bids/Offers) SA / VIC ▲ Bids $110 – $150

COTTONSEED: (FOT Bids/Offers) 18/19
MIA RIV ▲ Bids $495-$500 / Offers $520-$535
NTH NSW ▲ Bids $540-$545 / Offers $565-$570
QLD ▲ Bids NO BIDS / Offers $720-$740