Grain price update and estimates as at 29th 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 $360-$370/ Offer range $380-$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 More Live Grain Prices: [CLICK HERE]

WHEAT

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

Wheat also up slightly from last Fridays close ▲ with Del Melb Bid $393- Offered $417

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 $0.70.7) 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/June/July 2019.
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BARLEY

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

Barley is set to continue to rise in the coming weeks leading past Easter with delivered offers up from last update ◄►Del Melb Bid $363- & Offered ▲$378+

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 ▲ $405-$415 / Riverina/NSW ▲$412-$438

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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
Hay & Mixed Feeds: 1800 816 887 or Mario 0412 315 548

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Current Bids & Offers For Today 27th March 2019
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BARLEY F1: (Delivered Bids/Offers) ✪ ✪
VIC: MELB Bids ▼$363-$377 / Offers ▲ $372-$402
VIC GV Bids ▼$370-$380 / Offers ▲ $382-$407
VIC WG Bids ▼$380-$385 / Offers ▲ $415-$435

QLD: CQ Bids ▼ $417 -$425 / Offers▲ $437-$443
DOWNS Bids ▼ $380 / Offers ▲ $397-$440
BRIS FOT Bids ▼ $380-$388 / Offers ▲ $385-$420

NSW: LLP Bids ▼$415-$422 / Offers ▲ $440-$453
RIV Bids ▼$370-$375 / Offers ▲ $383-$390
NCTL FOT Bids ▼$395-$400 / Offers ▲ $405-$425

WHEAT min SFW: (Delivered Bids/Offers)
VIC: MELB ▲ Bids $396-$411 / Offers ▲ $405-$440
GV ▲ Bids $400-$405 / Offers ▲ $407-$428
WG ▲ Bids $415-$420 / Offers ▲ $435-$452

QLD: CQ ▲ Bids $430-$435 / Offers▲ $442-$455
Downs ▲ Bids $420-$423 / Offers ▲ $430-$448
BRIS FOT ▲ Bids $405-$408 / Offers ▲ $417-$425

NSW: LLP ▲ Bids $447-$450 / Offers ▲ $468-$480
RIV ▲ Bids $412-$416 / Offers ▲ $438-$445
NCTL FOT ▲ Bids $403-$410 / ▲ $420-$430

CHICKPEAS: (DCT Bids/Offers) 18/19
BRIS-SYD (Desi) ▼ Bids $720-$735 / 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 ◄► No Bids / Offers $620-$640

NSW ◄► Bids $615-$620 / Offers $635-$650

SORGHUM: (Bids/Offers)
CQ ▲ FOT Bids $341-$345 / Offers ▲$355-$65
DOWNS ▲ DEL Bids $360-$365 / Offers ▲$373-$387
BRIS ▲ DEL Bids $355-$357 / Offers ▲ $400-$405
NCTL ▲ DEL Bids $395-$400 / Offers ▲ $405-$425
MELB ▲ DEL No Bids / Offers ▲ $493-$505 ✪

OATS M1: (Delivered Bids/Offers)
VIC ▲ Bids $512-$530 / Offers ▲ $540-$560
NTH NSW ▲ Bids $551-$555 / Offers ▲ $568-$572

CORN: ( Bids/Offers) 18/19
VIC XF ▲ Bids $454-$467 / Offers ▲ $478-$480
RIV XF ▲ Bids $462-$465 / Offers ▲ $477-$483

LUPINS Rnd: (Bids/Offers)
VIC XF ▲ Bids $572-$595 / Offers ▲ $602-$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 $275 – $305

STRAW: XF (Bids/Offers) SA / VIC ▲ Bids $112 – $150

COTTONSEED: (FOT Bids/Offers) 18/19
MIA RIV ▲ Bids $495-$500 / Offers ▲ $515-$530
NTH NSW ▲ Bids $560-$570 / Offers ▲ $580-$600
QLD ▲ Bids NO BIDS / Offers ▲ $730-$760