WELCOME TO THE GRAINPRO MARKET UPDATE 21st JUNE 2019

AUD / USD ▲ $0.69.2… !

US MARKET:

All lower overnight consolidating and taking a breather but recovered by close.

BEANS ▲ 12¢ ■ CORN ▲ 9¢ ■ WHEAT ▲ 5¢

AUSTRALIA

Hello and welcome to the Grainpro midweek market report for today Friday 21st June 2019.

We’ve seen a slow end to the week overall across all states other than some cereal volatility in South Australia and Queensland in particular Sorghum taking a bit of a dive in Qld & NSW and Wheat & Barley in SA suffering as a consequence of lower bids in Victoria, leaving us with a hand to mouth consensus from both sides of the market.

We tend to see this in low yielding years when large parcels are bid, however only small parcels are being offered for sale. Of course when this happens we tend to see a squeeze in the market leaving trade suppliers with no other choice but to play, and growers, only willing to dribble out small parcels to suit their needs awaiting a spike!

Victorian prices this week have remained stable albeit with a very bullish outlook according to our grower feedback. On farm Barley in Victoria still averaging around $330 to $340 and Wheat at a more traditional gap of around plus $10 to $15 – $345 -$360 depending on location.
However Victorian Oats lupins and peas have become increasingly difficult to source, this is reflected by some of the highest pulse prices in Australian history.

NSW seems to be strengthening as reports from WA tell us there not much grain left in grower hands and extremely slow export activity leaving more pricing signal control to trade ownership.

And the US Markets continue consolidating with some further profit taking overnight as they take a breather.

Please remember to leave your comments and questions on what’s important to you. And read a more detailed snapshot of market indicators in the text below.
A quick note, The Grainpro team will be at the Speed field days on July 31st and August 1st, we hope to see you there and put a face to a name.

Price Fluctuations Below Reflect Averages Only

FRIDAY 21st JUNE OPENING BIDS & OFFERS

Left Side: Market Bids ■ Right Side: Offers & Seller Expectations. Final Bids & Offers May Vary Depending On Exact Pickup or Delivery Location. Prices in AUD per metric tonne

BARLEY F1

Barley min F1:
Victoria Delivered Bids & Offers

Melbourne Range:
Bids◄► $365 – $385 ■ Offers ◄► $415-$440
Goulburn Valley:
Bids▼ $380-$385 ■ Offers ◄► $420-$450
Gippsland:
Bids ◄► $395 -$415 ■ Offers ◄► $450-$465

Barley min F1:
Queensland Delivered Bids & Offers

Central Qld:
Bids▲ $420 – $425 ■ Offers ◄► $432-$440
Downs:
Bids ▲ $420 – $425 ■ Offers ◄► $430 – $445
Bris Fot:
Bids◄► at $395 – $400 ■ Offers ▼ $405 – $415

Barley min F1:
NSW Delivered Bids & Offers

Liverpool Plains:
Bids ◄► $423 – $425 ■ Offers ◄► $452 – $465
Riverina:
Bids ◄► $415 – $417 ■ Offers ◄► $432 – $440
Newcastle Fot:
Bids▲ $390 – $395 ■ Offers◄► $405 – $415

Barley min F1:
South Australia Bids & Offers

Adelaide Fot:
Bids▼ $330-$335 ■ Offers ◄► $355-$365
Delivered South East:
Bids▼ $350-$355 ■ Offers ◄► $395-$405

WHEAT Min ASW

Wheat min ASW:
Victoria Delivered Bids & Offers

Melbourne:
Bids▼ $380-$390 ■ Offers ◄► $432-$445
Goulburn Valley
Bids▼ $395-$405 ■ Offers ◄► $432-$442
Gippsland
Bids▼ $408-$420 ■ Offers ◄► $447-$465

Wheat min ASW:
Queensland Delivered Bids & Offers

Central Qld
Bids ▲ $435 – $445 ■ Offers ◄► $450-$458
Downs:
Bids ▲$435 – $445 ■ Offers ▲ $455 -$465
Brisbane Fot
Bids ▼ $395 ■ Offers ▼ $405-$415

Wheat min ASW:
South Australia Bids & Offers

Adelaide Fot:
Bids ▼ $340-$345 ■ Offers ◄► $375-$395
Delivered South East:
Bids ▼ $377-$380 ■ Offers ◄►$405-$425

Wheat min ASW:
NSW Delivered Bids & Offers

Liverpool Plains
Bids◄►$438-$445 ■ Offers◄► $455-$460
Riverina:
Bids▼ $405-$415 ■ Offers ▲ $440-$455
Newcastle Fot:
Bids◄► $395-$400 ■ Offers ◄► $410-$415

OATS M1

Delivered Melbourne:
Bids ◄► $555-$560 ■ Offers ◄► $565-$570
Fot Newcastle:
Offers Only ◄► $535 – $555
Fot Parkes:
Offers Only ◄► $580-$587

MAIZE/CORN:

Farm Gate Bids & Offers
Victoria Feed Corn

Bids ◄► $455-$460 ■ Offers ◄► $482-$485
Riverina Grit Corn
Bids ◄► $475-$485 ■ Offers ◄► $495 – $500
Delivered Northern NSW 
Bids $550-$555 ◄► ■ Offers ◄► $560-$570

COTTONSEED:

2019 Ex Gin Bids & Offers

Southern Gin Spread
Bids ▼ $445 -$450 ■ Offers ▼ $455-$500
Northern Gin Spread
Bids ▼ $512-$515 ■ Offers ◄► $525-$550
Queensland
Bids ◄► $535 ■ Offers ◄► $550-$575

SORGHUM

Delivered Central Qld
Bids▼ $327-$330 ■ Offers ▼ $350-$370
Delivered Downs
Bids▼ $350 – $355 ■ Offers ◄► $372-$385
Delivered Brisbane
Bids▼ $370-$375 ■ Offers ▼ $405-$415
Delivered Melbourne
Bids ▼ $440-$450 ■ Offers◄► $465-$470
Delivered Sydney
Bids ◄► $390-$395 ■ Offers ◄► $410-$420

WARNING

Western Australian Grown Lupins Are NOT Permitted To Be Transported Into NSW Without Proper Authority Please Check With DPI

Round LUPINS

Round: Farm Gate Bids & Offers

Farm Gate Victorian Grown Only
Bids◄► $615 -$620 ■ Offers▼ $625 – $630

FOT Victorian Port Bids & Offers
Western Australian Origin

Melbourne FOT Offers Only ▲ $5 $530

ALBUS LUPINS :

Export DCT Bids & Offers
Victoria

Bids◄► $1000 ■ Offers ◄► $1200-$1420

FIELD PEAS

Melbourne DCT Export No1s
Bids ◄► $545 – $550 ■ Offers ◄► $625-$635
Victoria Farm Gate Feed Peas
Bids ◄► $525 – $530 ■ Offers ◄► $545-$550

FABA BEANS

Melbourne DCT Export No1s
Bids ▼ $825 – $835 ■ Offers ◄► $950-$1000
Victoria Farm Gate Feed Faba
Bids ◄► $750 – $755 ■ Offers ◄► $800-$850

LENTILS:

Export DCT Bids & Offers
Victoria / SA

Nippers: Bids ◄► $565-$575 ■ Offers ◄► $610-$620
Nuggets: Bids ◄► $545-$550 ■ Offers ◄► $610-$640

FEED LENTILS:

Farm Gate Bids & Offers
Victoria

Bids ◄► $460-$462 ■ Offers ◄► $475-$480

CHICKPEAS:

Export DCT Bids & Offers

Brisbane
Desi: Bids ◄► $725 – $730 ■ Offers ◄► $875 – $900
Kabuli: ◄► NO BIDS ■ Offers ◄► $1060-$1150
Melbourne / Adelaide
Desi: Bids ◄► $740 – $750 ■ Offers ◄► $875-$900
Kabuli: No Bids ◄► ■ Offers ◄► $1055-$1150

CANOLA

Non GM Min 42%
Delivered Bids & Offers

Delivered Melbourne:
Bids ◄► $580-$600 ■ Offers ◄► $640-$650
Delivered Riverina
Bids▼ $570 – $590 ■ Offers ▼ $650-$660
Delivered Sydney / Newcastle
Bids ▼ $625 – $630 ■ Offers ▼ $650-$660

For Firm Pricing & Market Guidance Call GrainPro

1800 816 887 or visit: www.grainpro.com.au


Please Note The Information Above and Below Are Views Of Market Conditions and Prices As Expressed By GrainPro Pty Ltd and Are Not to be taken As Advice The Are Only A Guide Please consider your own Personal and Commercial Circumstances and responsibilities When Buying or Selling.