Agfarm Market Updates

  • Vic Market Update – 19/01/2018

    Sam Davidson, Agfarm Account Manager VIC Victorian wheat markets held firm throughout the week despite pressure from offshore markets and conflicting global reports in wheat production estimate. This week the USDA reported an increase in world wheat production for 2018/19, the Australian Bureau of Statistics reported a 4.6MMT loss in Australian wheat stocks, and finally […]

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  • WA Market Update – 19/01/2018

    Reid Seaby, Agfarm Regional Manager WA It’s been a wet week across most of WA as the remnants of ex-tropical cyclone Joyce moved down the coast, dumping over 100mm of rain in some areas. Many question the value of summer rainfall events such as this one, given factors such as the cost involved in the […]

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  • Southern NSW Market Update – 19/01/2018

    Matthew Noonan, Agfarm Account Manager SNSW This week has been somewhat slower on cash selling, but there has been active buying interest for particular wheat grades in the track. A potential lack of barley in the system may also lead to some feedlots around Southern NSW & the Central West changing over to SFW1/ASW1 wheat […]

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  • Central NSW Market Update – 19/01/2018

    Alistair Murphy, Agfarm Account Manager CNSW Growers in Northern NSW have been relatively inactive on the sell front this week, as markets haven’t really moved too much in either direction to cause any major shift in seller sentiment. Friday night’s USDA release saw international values come under pressure into this week, but domestic values have […]

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  • Southern NSW Market Update – 12/01/2018

    Nathan Michael, Agfarm Account Manager SNSW We are now two weeks into the new year and we are finally seeing buyers and sellers on the same page. Buyers are putting out bids with the intention of buying, and sellers are making enquiries with the intention of selling. As a result, the market has become far […]

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  • WA Market Update – 12/01/2018

    Reid Seaby, Agfarm Regional Manager WA WA has been relatively quiet over the Christmas/New Year period, which is likely to continue through January as many are taking a well-earned break somewhere on the coast. While growers are taking an opportunity to get away, a lot are keeping abreast of grain markets to ensure they don’t […]

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  • Vic Market Update – 12/01/2018

    Sam Davidson, Agfarm Account Manager VIC Victorian wheat markets saw an increase in trading activity this week as buyers return to the market after a well-earned break. Conversely, growers are back to work spraying out summer weeds and organising for winter crop sowing. Delivered buyer markets for wheat continued their upward trend with bids for […]

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  • SA Market Update – 12/01/2018

    Kate Phillips, Agfarm Account Manager SA This week South Australian grain markets have started to show some improvement in values and has seen both sellers and buyers engaging. Growers are continuing with summer weed spraying and already looking at winter crop options. Enquiry from growers with regard to current grain marketing options have also increased […]

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  • Central NSW Market Update – 12/01/2018

    Alistair Murphy, Agfarm Account Manager CNSW This week saw most markets either hold steady or begin to firm, with just a few exceptions. Newcastle SFW1 January+ carry values ended up slightly weaker, mainly off the back of prompt shorts from last week now being covered. Track protein wheats have bucked December’s downwards trend over the […]

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  • The Benefit of Deferring Your Grain Sales Program This Season – 08/01/2018

    Chris Coore, Agfarm Advantage Manager As we enter the new year, it is a good time to explore grain prices and if they will provide success for those who choose to defer their sales program this year. First, a little wrap of the current conditions. Canola prices have seen a significant fall in values across […]

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  • VIC Market Update – 05/01/2018

    Sam Davidson, Agfarm Account Manager VIC Victorian wheat markets continued to consolidate this week, with cash markets closing a touch firmer across the majority of both milling and feed grades. ASW1 delivered Melbourne/Geelong prices for January forward are effectively tracking sideways from last week, with prompt delivery demand providing thin support. Delivered buyer/track spread finished […]

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  • WA Market Update – 05/01/2018

    Reid Seaby, Agfarm Regional Manager WA The bulk of the state’s harvest is now complete, as warm weather in the lead up to Christmas saw many finish their 2017 programs. Although the season wasn’t necessarily great for everyone, many benefited from the soft finish which improved yields for most. The outcome of the cool and […]

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  • Central NSW Market Update – 05/01/2018

    Alistair Murphy, Agfarm Account Manager CNSW The year has started relatively slowly in Central NSW with a lot of the industry still on leave from the Christmas break. Coarse grain markets haven’t deviated too much over the last two weeks, as international futures have been traded in a relatively tight range. Delivered feed wheat and […]

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  • Southern NSW Market Update – 05/01/2018

    Nathan Michael, Agfarm Account Manager SNSW As the first week after the Christmas and New Year period draws to a close, it appears grain markets are only now starting to awaken. There has been only a light volume of buying activity and we are seeing a mixture of unmotivated buyers and unmotivated sellers, which has […]

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  • SA Market Update – 05/01/2018

    Giles Ditchfield, Agfarm Account Manager SA Harvest is drawing to a completion throughout much of SA after a nice run of weather since Christmas. The harvest completion for the state is sitting around 94%, with the Lower SE and the lower YP still finishing off. These areas should be finished by the middle of next […]

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  • Southern NSW Market Update – 15/12/2017

    Nathan Michael, Agfarm Account Manager SNSW This week has seen Southern NSW harvest completion move to 80-90%. Aside from one or two exceptions, it seems any wheat harvested after the last rainfall event has suffered from falling numbers issues. As a result, most of the late-harvested wheat is either AH9, the higher protein version of […]

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  • Central NSW Market Update – 15/12/2017

    Anthony Hall, Agfarm Account Manager CNSW Those with crop still to harvest were back on the headers this week. The majority of wheat has been completed, with just clean-up jobs and slow yielding paddocks to go. Growers have made a start on chick peas after the later-planted crop took longer to come in, meaning most […]

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  • VIC Market Update – 15/12/2017

    Tim Hogarth, Agfarm Account Manager VIC A week of mostly fine weather has allowed crops to dry out and for harvest to regain much needed momentum. Stripping in the north-west is nearing completion, with growers finishing off the last of their wheat now. For many, the quality has diminished further with each rain event, and […]

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  • WA Market Update – 15/12/2017

    Reid Seaby, Agfarm Regional Manager WA Another solid week of harvest has seen CBH receivals reach close to 11.5MMT. Overall, WA crops have continued to yield slightly better than expected but protein levels have been disappointing. The last of the tonnes in Geraldton are trickling in, with total deliveries close to 1.5MMT, exceeding CBH’s original […]

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  • SA Market Update – 15/12/2017

    Kate Phillips, Agfarm Account Manager SA Last week was a week of hot temperatures, a total fire ban, night-long harvesting, and now another rain front on the forecast. Each rain event brings on more and more concern regarding grain quality. Growers’ comments around the good protein levels they are seeing have continued through this week, […]

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  • Central NSW Market Update – 08/12/2017

    Alistair Murphy, Agfarm Account Manager CNSW We are now expecting a few weeks of dry weather which will allow us to wrap up the last of the 2017 harvest in Central-West NSW. The majority of cereals have now been completed, with only some clean up paddocks east of Dubbo left to complete. Chick peas are […]

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  • Southern NSW Market Update – 08/12/2017

    Matthew Noonan, Agfarm Account Manager SNSW The majority of growers north and west of Wagga Wagga have either finished harvest this week or only have small amounts of stubborn crop remaining. Surprisingly, the unharvested crop in these areas is primarily made up of canola which was to be direct-headed, rather than windrowed, and refused to […]

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  • VIC Market Update – 08/12/2017

    Giles Ditchfield, Agfarm Account Manager VIC It seems most of the state can breathe a sigh of relief after escaping the weekend rainfall event and only receiving 20-40mm. There were still some regions to the north-east of the state and around Swan Hill that copped the full barrage, which will definitely have an impact on […]

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  • WA Market Update – 08/12/2017

    Reid Seaby, Agfarm Regional Manager WA Most of the state’s canola and barley has been harvested and growers are now pushing on with their wheat in the hope they wrap up before the Christmas period. Some areas of the wheat belt have experienced rain and/or thunderstorms over the last few weeks, but generally this has […]

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  • SA Market Update – 08/12/17

    Kate Phillips, Agfarm Account Manager SA Another week, and another rain event here in South Australia. It is certainly becoming a stop-start harvest 17. Thankfully the sun seems to be breaking through the clouds and the forecast for the next seven days appears to be warm and dry, hopefully it stays this way for the […]

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  • Agfarm World Market Update, December 2017

    What does La Niña actually mean? Annabelle Honner, Agfarm Commodity Analyst – The most recent La Niña update from the Bureau of Meteorology (BoM) has a lot of people talking, but how many of us actually know what a La Niña is, and what it means for Aussie grain markets? The El Nino Southern Oscillation (ENSO) […]

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  • VIC Market Update – 04/12/2017

    Sam Davidson, Agfarm Account Manager VIC Most of the state finally had a solid run at harvesting last week, and quality continues to pleasantly surprise most across oilseeds and cereals alike. Unfortunately however, these achievements were largely overshadowed by the star of the week, the weather. Despite the huge efforts and hours to get as […]

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  • Central NSW Market Update – 04/12/2017

    Alistair Murphy, Agfarm Account Manager CNSW Markets were erratic and somewhat mixed last week as domestic and international influences caused some interesting marketing movements. Canola was hit hard, coming $10-15/MT off the previous week’s highs depending on location. The main driver for this downside was weakening international values coupled with some liquidity in the Victorian […]

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  • SA Market Update – 04/12/2017

    Kate Phillips, Agfarm Account Manager SA In the lead up to last weekends weather event we saw several days of good harvest conditions which had headers going like Black Caviar down the straight. The pressure to reap and get the grain into the system or into onfarm storage before the expected rainfall was the primary […]

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  • WA Market Update – 04/12/2017

    Reid Seaby, Agfarm Regional Manager WA Mostly clear weather allowed good harvest progress in WA last week with CBH taking about 2.5MMT of grain deliveries into the network. As per CBH estimates, the total 7.33MMT delivered puts harvest at roughly 60% complete. Geraldton deliveries surpassed 1MMT and from all reports harvest should essentially wrap up this week. […]

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  • Southern NSW Market Update – 04/12/2017

    Nathan Michael, Agfarm Account Manager Southern NSW Headers were running at full capacity to harvest as much as possible before the weekend rains. Although the front hasn’t completely passed, many regions received up to 100mm over the course of Friday and Saturday and up to 150mm for the month. We have started to see some […]

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  • Victorian Market Update – 24/11/2017

    Tim Hogarth, Agfarm Account Manager, VIC & SA We are another week into harvest, however it feels as though we have progressed relatively little. Significant rainfall right across the state late last week brought harvest to a standstill for several days and with the Bureau of Meteorology forecasting a trend towards a wetter than average […]

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  • SA Market Update – 24/11/2017

    Kate Phillips, Agfarm Account Manager SA After a few good days of nice weather, harvest started to gain momentum but was again brought to a halt as a result of rain. The middle to end of last week saw widespread rain move through from the Eyre Peninsula through to the eastern parts of the state. […]

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  • Central NSW Market Update – 24/11/2017

    Alistair Murphy, Agfarm Account Manager CNSW Harvest is all but wrapped up in Northern NSW and Queensland, and Central NSW is about 85% complete. As harvest in these areas nears completion, it appears the trend of high quality wheat has continued. Although not reflective of total deliveries across all areas, the majority of wheat harvested […]

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  • WA Market Update – 24/11/2017

    Reid Seaby, Agfarm Regional Manager WA Harvest in WA continues to progress well, although heavy rains toward the end of last week stopped harvesting in its tracks for a number of growers in the north and east of the state. There have been reports of hail damaging crops as far north as Northampton, while crops […]

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  • Southern NSW Market Wrap – 24/11/2017

    Matthew Noonan, Agfarm Account Manager SNSW After a slow start, harvest is now progressing nicely through the area. An estimate of harvest completion across the region is as follows: Yields are varied due to the patchy rainfall throughout the growing season. There have been many reports of canola yields as low as 200kg/ha and oil […]

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  • South Australian Market Update – 17/11/2017

    Giles Ditchfield, Agfarm Account Manager SA & VIC Just as harvest started to build momentum in the great state it was held up with a widespread rain event of 15-50mm across central and eastern SA. There doesn’t seem to be too much concern around the rain, and the general sentiment is it will have little […]

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  • WA Market Update – 17/11/2017

    Reid Seaby, Agfarm Regional Manager WA Although there were some isolated thunderstorms extending from the northern wheatbelt down to the south coast this week, WA has mostly seen another good week of weather. CBH receival points have started to extended their hours and headers seem to me rolling in all port zones. There are some […]

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  • Victorian Market Wrap – 17/11/2017

    Tim Hogarth, Agfarm Account Manager, VIC & SA Inclement weather has bought the Victorian harvest to a standstill before we barely managed to make it into second gear. In the north west most growers had managed to get stuck into some barley with reports of both very good yields and quality. Spartacus barley, although yet […]

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  • Southern NSW Market Wrap – 17/11/2017

    Nathan Michael, Agfarm Account Manager SNSW Harvest has started across most of the region. The northern areas have finished what little canola was there, are close to finishing the barley and have already begun on wheat, while most western and southern areas are well and truly in the middle of their barley and canola harvest. […]

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  • Central NSW Market Wrap – 17/11/2017

    Central NSW Market Wrap – 17/11/2017 Alistair Murphy, Agfarm Account Manager CNSW We saw an impressive run at harvest progression this week, as up until recently we’ve enjoyed a relatively dry run. The rain toward the end of the week has pulled things up for now, and the total fall will determine how long the […]

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  • Agfarm World Market Update November 2017

    A season of highs and lows – 2017 in summary   Chris Coore, Agfarm Advantage Manager   The 2017/18 winter cropping season has been a rollercoaster. We came off the back of a perfect growing season which created record production and records exports for Australia. This season began a little less favourably with a hot, […]

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  • Agfarm World Market Update, October 2017

    Australian Sorghum Prospects Increasing Chris Coore, Agfarm Advantage Manager Australian grain markets continue to revolve around local weather, taking little direction from overseas markets, which is why Aussie grain is pricing its self higher than other exporting regions such as Russia and Ukraine. There has been some welcomed rain on the radar over the past […]

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  • Agfarm World Market Update, September 2017

    Australian Grain Setting Own Values.  Chris Coore, Agfarm Advantage Manager The Russian and Ukraine harvests are coming to an end and putting pressure on international grain values, and as a result the Chicago wheat price in AUD/MT continues to trade at the lows. Traditionally, this would be reflected here in Australia, as with much of […]

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  • Agfarm World Market Update, August 2017

    What does the recent USDA report really tell us? The most recent United States Department of Agriculture (USDA) report was published on Friday 11th of August. Surprisingly, it increased global wheat and barley production when most thought it would do the exact opposite. Unsurprisingly, this left most market participants scratching their heads. The headline numbers […]

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  • Agfarm World Market Update, July 2017

    Wheat and Barley Price Volatility Not Seen in Three Years. Wheat and barley prices are showing price volatility not seen for three years, both globally and in Australia. The 2016/17 harvest saw 10 year lows in grain prices, while the month of June and into July saw a rally of up to 30%. It has […]

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  • Agfarm World Market Update, June 2017

    Weather Driving Australian Grain Prices Up Over the past month, Australia has seen both current and new crop wheat and barley markets strengthen dramatically, especially compared to harvest prices. There are many domestic and international factors contributing to the current rally, and will continue to contribute in the second half of 2017. These are predominantly […]

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  • Agfarm World Market Update, May 2017

    This month’s World Grain Update focuses on current plantings and the 2017/18 season world outlook for wheat. The United States Department of Agriculture (USDA) recently released the season’s first global production forecast for both America and the rest of the world. Despite markets not reacting to the news, there were some key points to note […]

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  • Agfarm World Market Update, April 2017

    2016/17 – The Season of Records The 2016/17 season started on the back of a record strong El Nino Sea Surface temperature event in the Pacific Ocean. This weather pattern eventually broke down and led to a La Nina, which served Australian growers well, with above average rainfall for the majority of growing regions. As […]

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  • Agfarm World Market Update, March 2017

    Over the last week, off shore wheat futures markets have fallen and Australian values have largely held steady. The seasonal cycle continues, and marketers are looking toward the northern hemisphere new crop production for price signals. Lower planted acreage in the United States this season will continue to be a price factor. However, current supply […]

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  • Agfarm World Market Update, February 2017

    This month’s world market update explores the firmer wheat and barley market we have experienced since the start of the year. Specifically, the drivers of the market, what to keep an eye on moving forward and how the off shore rally is reflected in Australian grain prices. Since the beginning of January, Chicago wheat futures […]

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  • Agfarm World Market Update, January 2017

    Harvest is fast approaching completion for most in Australia. The above average rainfall and cool temperatures through September have resulted in record yields for wheat and barley. Quality for the most part was also good. The challenge is now in logistics and grain storage. Trucks have increased freight rates due to demand outweighing supply, and […]

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  • Agfarm World Market Update, December 2016

    Australia’s is 75% of the way through harvesting our largest ever wheat and barley crop. ABARES recently updated their wheat production estimate to 32.5MMT. This is up from 28.08MMT in September. Barley estimates have also increased, now at 10.6MMT, up 1.1MMT.   Currently, growers are focused on completing harvest to get a good gauge on […]

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  • Agfarm World Market Update, November 2016

    The 2016/17 harvest is underway, albeit with a slow start, and Australia is poised to produce a record yield through some areas. Some production estimates have this year’s wheat crop near 29.8MMT which would be equal to Australia’s record in 2011/12. Barley is also penciled in to be a bin buster with the potential to […]

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  • Agfarm World Market Update, October 2016

    The 2016/17 Australian winter crop was on track to achieve record yield levels. However, in the last two months, multiple weather events have decreased the expected yield and softened the expected quality. As a consequence, the premium for Australian milling wheat basis remains high. Also, it is worth noting that at current values, Australian wheat […]

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  • Agfarm World Market Update, September 2016

    The grain outlook and what to monitor   The last few weeks have seen global grain prices dip even further in an effort to reduce the ample supply of wheat and feed grains around the world. This price drop, as shown in the chart below, has started to restrict the supplies of wheat, as growers […]

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  • Agfarm World Market Update, August 2016

    Current Factors Influencing the Grain Markets Over the last three seasons we have seen global grain inventory balance sheets expand with multiple seasons of (overall) well yielding harvests in Australia, the Black Sea and North America. This has led to an environment in which we have seen prices decline for cereals. However, consumption growth remains […]

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  • Agfarm World Market Update, July 2016

    The grain outlook and what to monitor Nothing has fundamentally changed in the current grain markets with wheat and barley continuing to be under pressure as global crops get bigger. The function of the market in this environment is to price new demand in order to reduce growing stock piles. The surprising Brexit result spurred […]

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  • Agfarm World Market Update June 2016

    Previous World Market Updates have touched on the world being awash with wheat. They have also touched on northern hemisphere crop volatility, the time of year when crops in the northern hemisphere are exposed to unpredictable growing conditions. This month’s World Market Update will focus on the increasing concerns in quality for the world’s wheat […]

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  • Agfarm World Market Update May 2016

    There are numerous factors that contribute to the continual increase in demand for coarse grains. The first being global population growth and the second being sociological and economical changes, such as increased wealth and the impact this has on diet change. Population growth The growing population is not a new phenomenon, nor should it be […]

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  • Agfarm World Market Update April 2016

    Chinese Domestic Corn Clearance is a Move Toward an Increased Free Market Feed Grains Model In late March the Chinese Government went to extreme measures to curb their ballooning domestic corn stock pile with the announcement they will move closer to a free market system. Since 2009 the Government has supported domestic production by implementing […]

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  • Agfarm World Market Update March 2016

    The first half of March has seen a consecutive rally on Chicago wheat, corn and soybean markets, due to increased bullish risks induced by large fund short positions and dry weather. In an attempt to take risk off the table and buy back their short positions, managed money funds exaggerated the recent rally which was […]

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  • Agfarm World Market Update February 2016

    Australian Conditions In line with the 10-year average, sorghum production for NSW and QLD is set at 2.2MMT for the 2015/16 season. This is a year over year increase of 100KMT. Pre and post plant rainfall in Southern QLD, along with warmer weather has brought forward the harvest program for that region, while Central Queensland […]

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  • Agfarm Global Market Update January 2016

    Markets continue to track sideways for the start of 2016 in a well-supplied global market place. Over the last month we have seen Argentinian exports increase market share which does not bode well for Q1 Aussie exports. However, the ongoing bearishness of the AUD is a bright spot for Australian values. Meanwhile, winter wheat seeding […]

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  • Agfarm World Wheat Market Update December 2015

    Market Summary Global wheat markets remain soft and sluggish. EU, Black Sea, North and South American yields have all been strong this season (all be it, with some quality issues in the US). This has culminated in a buyer’s market and a global marketplace that is well supplied. In such an environment, normal Australian harvest […]

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