Recent weeks has seen barley gain momentum as predicted in our last few updates, with wheat taking a back-seat. Barley is up a promising $15 from just a few weeks ago and is set to continue through to Mid May. (See Below Grainpro’s Forecast Estimates For Post June 2019 Pricing Signals).

Increased interest from TPP buyers and rapidly depleting cereal grain reserves in WA, SA & VIC has suppliers ready and standing at the gate. In our opinion the post harvest LULL is brewing for a “Grain-Grin” surprise for Mother’s Day 2019 

Current Grain Hay & Fertiliser Pricing Week Ending 12th April

HAY: On-farm pmt / Dependant on location 8x3x4 min 600kg

Cereal: VIC ▲ Bids $320+ ▲ Offers $335+ min 9.5% protein 9 ME
Blends: VIC ◄► Bids $325+ ◄► Offers $335+ 10+% protein 9 ME
Canola: VIC ◄► Bids $250 ▼ Offers $260 min 14+% protein 10 ME
Clover: VIC ◄► Bids $350 ◄► Offers $360+ min 14+% protein 10 ME
Vetch: VIC ◄► Bids $385 ◄► Offers $400+ min 23+% protein 11 ME
Lucerne: VIC ▼ Bids $440 ◄► Offers $500+ min 26+% protein 12 ME

STRAW: XF (Bids/Offers)

SA / VIC ◄► Bids $120+ – NSW ◄► $150+

FERTILISER

MAP – DAP – UREA – SUPER & BLENDS

FOT or Delivered: NSW, SA, VIC & QLD: Call JOSH: 0455 113 910

.

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

Grain price update and estimates as at 12th April 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 $370-$380/ Offer range $385-$405 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]


EASTER BUNNY SET TO BRING HIGHER CEREAL GRAIN PRICES

WHEAT

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

Wheat is up again ▲ with Del Melb Bid $398- Offered $422

Australian Wheat Consumption for 2019 is estimated to be approx. 9 Million Tonnes – with a minimum export commitment of 8-10 Million Tonnes.
AUD ▲ (currently $0.71.2) 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.

BARLEY

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

Easter Bunny Morphs into a Bull for Barley; Barley is set to continue to rise in the coming weeks leading past Easter 2019 with delivered bids up from last update ▲ Del Melb Bid $380- & Offered ▲ $392+

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 ▲ $407-$415 / Riverina/NSW ▲$420-$438

.

Current Bids & Offers For Today 10th April 2019
.

BARLEY F1: (Delivered Bids/Offers) ✪ ✪
VIC: MELB Bids ▲$365-$380 / Offers ▲ $387-$405
VIC GV Bids ▲$390-$395 / Offers ▲ $405-$420
VIC WG Bids ▲$410-$420 / Offers ▲ $430-$445

QLD: CQ Bids ◄► $397 – $402 / Offers ◄► $410-$440
DOWNS Bids ◄► $385 / Offers ◄► $395-$440
BRIS FOT Bids ◄► $360-$370 / Offers ◄► $377-$420

NSW: LLP Bids ◄► $415-$422 / Offers ◄► $430-$453
RIV Bids ▲ $385-$390 / Offers ▲ $395-$405
NCTL FOT Bids ▲ $370-$375 / Offers ▼ $385-$420

WHEAT min SFW: (Delivered Bids/Offers)
VIC: MELB ▼ Bids $387-$395 / Offers ▼ $400-$430
GV ◄► Bids $390-$400 / Offers ◄► $400-$428
WG ◄► Bids $415-$420 / Offers ◄► $435-$452

QLD: CQ ◄► NO Bids / Offers ▲ $445-$455
Downs ◄► NO Bids / Offers ▼ $415 -$440
BRIS FOT ◄► NO Bids / Offers ▼ $395-$420

NSW: LLP ◄► Bids $430-$440 / Offers ◄► $448-$460
RIV: ▼ Bids $400-$410 / Offers ▼ $420-$435
NCTL FOT ◄► NO Bids / ▼ $400-$410

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 $545-$550 / Offers ◄► $565-$600 – Jumbo ◄► Bids $555 / Offers ◄► $600+ Nuggets ◄► No Bids / Offers ◄► $600-$640

FEED LENTILS:
VIC / SA Bids ◄► $455-$465 / Offers ◄►$470-$480

CANOLA ✪: (Delivered Bids/Offers)

VIC ◄► Bids ▼ $560-$565 / ◄► Offers $620-$640

NSW ◄► Bids $635-$640 / Offers ◄► $645-$660

SORGHUM: (Bids/Offers)
CQ FOT Bids ◄► $340-$345 / Offers ◄►$355-$365
DOWNS DEL Bids ◄► $345-$350 / Offers ◄► $360-$385
BRIS DEL Bids ▼ $360-$375 / Offers ▼ $370-$400
NCTL DEL Bids ▼ $382-$390 / Offers▼ $390-$420
MELB DEL No Bids / Offers ◄► $463-$470 ✪

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 ◄► $590 -$595 / Offers ◄► $605-$620 Melb FOT ◄► $540-$545

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

FIELD PEAS: (Bids/Offers)
VIC DCT ▼ Bids $555 – $575 / ▼ Offers $60-$625

FABA BEANS: (DCT Bids/Offers)
VIC – SA ◄► NO BIDS / ▼ Offers $1050-$1100

COTTONSEED: (FOT Bids/Offers) 2019
MIA RIV ▼ Bids $450-$455 / Offers ▼ $470-$510
NTH NSW ◄► Bids $530-$550 / Offers◄► $570-$590
QLD ◄► Bids NO BIDS / Offers ◄► $630-$660