Agfarm Market Updates

  • Agfarm World Market Update, July 2018 – How External Threats Affect Grain Markets

    How External Threats Affect Grain Markets Chris Coore, Agfarm Advantage Manager July 16th 2018 Agfarm’s monthly reports often focus on global weather, production, supply and demand and what that means for grain prices here in Australia. This month we are going to take a look at grain markets from a different far less fundamental angle. […]

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  • WA Market Update – 13/07/2018

    Reid Seaby, Agfarm Regional Manager WA Crop conditions throughout the state continue to improve despite the colder temperatures experienced this week. The fine weather following last week’s rain has provided ideal growing conditions which is benefiting crop development. Crops are now in generally good shape having made up a little ground after the later than […]

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  • SNSW Market Update – 13/07/2018

    Matthew Noonan, Agfarm Account SNSW The past week has seen very low temperatures across much of the region slowing crop growth for now. We have had some further patchy falls over the past week (0-10mm’s), which continues to tease as crops slowly come out of the ground from their late start. We are hearing stories […]

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  • VIC Market Update – 13/07/2018

    Sam Davidson, Agfarm Account Manager Victoria It has been another volatile week for Victorian wheat markets this week, with thin trading volumes making price discovery a touch more difficult than usual. Export demand has continued to taper lower with bids to Melbourne, Geelong and Portland ports showing lower value relative to northern Victorian rail sites. […]

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  • SA Market Update – 13/07/2018

    Sam Davidson, Agfarm Account Manager SA We saw another sleepy sideways week for wheat markets this week with prices moving along at +/- $2/MT. APW1 Port Adelaide track bids managed to hold at $295/MT for most of the week but without aggressive bids or offers, trade volumes remain thin resulting in sideways movements week on […]

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  • CNSW Market Update – 13/07/2018

    Alistair Murphy, Agfarm Account Manager CNSW Downside in international values eased prices anywhere between $2-4/MT this week, although much of the downwards move in US futures hasbeen muted given the condition of northern cropping areas. We saw a significant amount of dry sowing progress once again last week, although now the next lot of predicted […]

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  • WA Market Update – 06/07/2018

    Reid Seaby, Agfarm Regional Manager WA Happy days for farmers after more showers fell in WA cropping areas this week, with the possibility of more rain expected in the next seven to 10 days. The Geraldton zone followed up their wet June with between 20-50mm this week, the Kwinana zone had roughly the same although […]

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  • SNSW Market Update – 06/07/2018

    Matthew Noonan, Agfarm Account SNSW Another week has passed with continued positive reports from around the area. Although growers are far from comfortable, given the germination of most crops there is now a lot more confidence in the coming season. In general, cereals have fared much better than canola and even in areas where cereal […]

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  • VIC Market Update – 06/07/2018

    Sam Davidson, Agfarm Account Manager Victoria Victorian wheat markets continued their sleep walk sideways this week as offer bias makes price discovery somewhat difficult. However, we have seen a slight uptick in buyer interest this week which may provide just enough demand to either hold cash markets at current levels or, dare I say it, […]

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  • SA Market Update – 06/07/2018

    Kate Phillips, Agfarm Account Manager SA Last week saw SA shivering through cold temps and frosts. This week has been the opposite with temps around 16-20. Strong winds and little to no rain for the state has moisture levels in some agricultural growing areas depleted to levels like those in early June. The eight-day forecast […]

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  • CNSW Market Update – 06/07/2018

    Alistair Murphy, Agfarm Account Manager CNSW The majority of markets have firmed this week, with most delivered feed homes moving up around $1-2/MT. Track base grade wheats made additional gains anywhere between $5-7/MT, mainly due to the trade transitioning from track seller to occasionally interested buyer now the rain event didn’t eventuate to what was […]

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  • WA Market Update – 29/06/2018

    Reid Seaby, Agfarm Regional Manager WA Another cold front washed through WA this week with between 5 – 15mm falling across most districts. Although the recent rains haven’t been too significant, they have been occurring frequently enough to maintain the moisture levels and provide good growing conditions for crops and pastures. Daytime and overnight temperatures […]

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  • SNSW Market Update – 29/06/2018

    Nathan Michael, Agfarm Account SNSW Wagga Wagga received 5mm of rain on Wednesday night, which was in line with expectations. The radar showed the majority of the front being north of Wagga, although the Western Riverina seems to have fared slightly better in the range of 12-15mm. Even though this is not exactly what was […]

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  • VIC Market Update – 29/06/2018

    Sam Davidson, Agfarm Account Manager Victoria Victorian wheat markets for 2017/18 season stock were under pressure this week. We saw a pause in demand from domestic buyers with their attention drawn to rainfall throughout NNSW and SQLD, and the forecast for next week. So far, the rain has proven to be disappointing and forecast systems […]

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  • SA Market Update – 29/06/2018

    Kate Phillips, Agfarm Account Manager SA This week South Australia finally feels like winter with cold temperatures and morning frosts. The upcoming eight-day forecast doesn’t look particularly promising with regard to continuing rains for the state, but the expected falls of 1-5mm will still add to the rising positivity for the season. In areas crops […]

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  • CNSW Market Update – 29/06/2018

    Alistair Murphy, Agfarm Account Manager CNSW This week’s weather change has brought some much needed rain in drought affected Northern NSW and QLD, although not to the extent that most were expecting. Falls around Central NSW varied between 10 – 20 mm, which for those lucky enough to receive it will be enough to germinate […]

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  • WA Market Update – 22/06/2018

    Reid Seaby, Agfarm Regional Manager WA This week Henry Davis and I spent some time on the road traveling to Esperance, visiting stores and catching up with growers along the way. We left Perth via the Brookton Highway passing through Brookton, Corrigan, Hyden and Ravensthorpe. As a general comment there is a relatively consistent level […]

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  • SNSW Market Update – 22/06/2018

    Nathan Michael, Agfarm Account SNSW With the vast majority of the region receiving 5-25mm of rain in the last week, crops are continuing to establish and jump out of the ground. As was true last week, the crops to the south and east of Wagga Wagga look the best, whereas areas to the north of […]

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  • VIC Market Update – 22/06/2018

    Sam Davidson, Agfarm Account Manager Victoria Victorian cereal and oilseed markets were slightly lethargic this week. The pep, energy, excitement and drive appear to have taken a dip, however the overarching narrative remains unchanged. Buyers are itching to walk old crop cash markets lower but remain keen buyers of new crop. Buyer demand and grower […]

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  • SA Market Update – 22/06/2018

    Kate Phillips, Agfarm Account Manager SA AThere have been good rains over the past week for most South Australian growing areas ranging from 5-50mm. While we could always use more, and the season is not out the woods yet, it has had a good boost, and with it so has grower confidence and the height […]

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  • CNSW Market Update – 22/06/2018

    Anthony Hall, Agfarm Regional Manager NSW and QLD Markets remained firm this week on the back of little to no rain recorded again in the Central West and Northern NSW regions. All falls recorded last week throughout NSW were again to the south and got heavier the closer you got to Victorian border. For good […]

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  • Agfarm World Market Update, June 2018 – Global Wheat Set to Drop

    Global Wheat Set to Drop Chris Coore, Agfarm Advantage Manager June 15th 2018   Grain industry participants around the world have their hands closely hovering over the big red panic button, and it would seem for good reason. The June 2018 United States Department of Agriculture grains report stated global wheat production has recently been […]

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  • WA Market Update – 15/06/2018

    Reid Seaby, Agfarm Regional Manager WA The weather has generally been kind over the last week or so with approximately 10–40mm falling in most agricultural regions. The first front which came through early last week maintained the northern pattern which we have seen this season, with southern zones getting less than they would normally expect […]

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  • SNSW Market Update – 15/06/2018

    Matthew Noonan, Agfarm Account SNSW The vast majority of the region received somewhere in the vicinity of 12mm over the course of the week. Some areas south and east of Wagga Wagga received up to 25mm with areas to the north and west receiving less. This won’t immediately change the production outlook for the East […]

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  • VIC Market Update – 15/06/2018

    Sam Davidson, Agfarm Account Manager Victoria Victorian wheat markets continue to be a story of two seasons this week. Buyers are itching to walk old crop cash markets lower but remain keen to pick up new crop cover should the season turn sour.   Trade flow maintained its weight of influence on the 2017/18 season […]

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  • SA Market Update – 15/06/2018

    Kate Phillips, Agfarm Account Manager SA A nice cold front and low-pressure system headed across SA over the past week bringing with it some good falls to the south-eastern parts of the state. While it would have been nice to see more in the rain gauge we will take what we can get. There have […]

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  • CNSW Market Update – 15/06/2018

    Alistiar Murphy, Agfarm Account Manager CNSW Conditions remain tough here in Central Western NSW with the weekends rainfall not producing the amount of precipitation as expected. Areas around Dubbo received anywhere from 3-8mm, with tallies falling away in areas further west and north. With such depleted moisture profiles these small rain events are not really […]

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  • WA Market Update – 08/06/2018

    Reid Seaby, Agfarm Regional Manager WA The eastern and northern wheatbelt has received good falls over the past fortnight which has ensured a good germination for crops, particularly those that sown dry. Although these regions have cumulatively received less rain than this time last year, the timing has been more suitable and hence, growers are […]

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  • SNSW Market Update – 08/06/2018

    Nathan Michael, Agfarm Account SNSW There is a growing confidence the forecasted rain front will amount to something decent. By decent we mean in the vicinity of 10-20mm. Driving around the area west of Wagga Wagga earlier in the week, there seems to be around 1/3 of the crop not yet out of the ground, […]

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  • VIC Market Update – 08/06/2018

    Sam Davidson, Agfarm Account Manager Victoria This week we saw a more pacified wheat market throughout Victoria. Although bids for 2017/18 stocks managed to gain, the pace of increase has certainly ebbed lower. We could attribute this to supply deficits in northern markets (Queensland and Northern New South Wales) appearing to have been adequately supplied […]

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  • SA Market Update – 08/06/2018

    Kate Phillips, Agfarm Account Manager SA This week has been spent driving over some very dusty paddocks. Dams are dry, and dust is being kicked up by the smallest gust of wind. But, as I sit here writing, I can hear the rain starting to fall and with all areas in need of a good […]

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  • CNSW Market Update – 08/06/2018

    Anthony Hall, Agfarm Regional Manager NSW & QLD Another week has passed with no rainfall. The question on everyone’s mind is; will the change scheduled over the long weekend be substantial enough to make any difference. With only a few mm excepted, we suspect it won’t. It’s getting extremely late in the season to be […]

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  • WA Market Update – 01/06/2018

    Reid Seaby, Agfarm Regional Manager WA Crop conditions have improved on the back of a strong cold front that moved through the south of WA last week. The forecast lived up to expectations with falls of between 10 – 40mm recorded across much of the agricultural region, helping already emerged crops and allowing others to […]

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  • SNSW Market Update – 01/06/2018

    Matthew Noonan, Agfarm Account SNSW The past week has been a bit of a tease through much of the Central West and Southern NSW. We have received anywhere from 0-15mm of rain throughout the region with the southern and eastern areas receiving slightly more than the western parts. This has only just settled the dust […]

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  • VIC Market Update – 01/06/2018

    Giles Ditchfield, Agfarm Account Manager Victoria It’s been another very interesting week in the grain industry. Markets gained value early in the week, however with the rain that fell across a large part of Victoria, we saw some of these markets come off. ASW1 delivered Bendigo fell from $320/MT to $317/MT, while new crop Melbourne […]

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  • SA Market Update – 01/06/2018

    Kate Phillips, Agfarm Account Manager SA A week of cooler nights, sporadic rainfall and mostly sunny days has seen the great state fair well from a growing perspective. The BOM’s long range forecast is currently showing June has a good chance of exceeding the median rainfall with most of SA at this stage anticipating falls […]

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  • CNSW Market Update – 01/06/2018

    Alistair Murphy, Agfarm Account Manager CNSW We have received some isolated storm activity around Central NSW this week with most falls recorded in the 5-10mm mark. Unfortunately, it didn’t make it too far north with areas around Coonamble and Walgett missing out once again. Local rainfall was by no means a get out of jail […]

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  • WA Market Update – 25/05/2018

    Reid Seaby, Agfarm Regional Manager WA It’s been another dry week across WA but it seems our fortunes may be changing; short term weather forecasts are looking favourable for growers. A strong cold front looks as though it will hit most regions late Thursday night and into Friday morning, bringing with it widespread falls of […]

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  • SNSW Market Update – 25/05/2018

    Nathan Michael, Agfarm Account SNSW Driving around the Southern NSW region toward the end of last week gave us a bit of insight into the current condition of crops both in the ground and germinated. Many areas south and east of Wagga Wagga have got some good germination and crops are around 5-10cm high. At […]

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  • VIC Market Update – 25/05/2018

    Giles Ditchfield, Agfarm Account Manager Victoria Markets continued to gain value throughout the week on the back of weather and production issues around large parts of the East Coast. There has been very little rainfall to report, however fingers crossed we could see some falls in the back end of this weekend and into next […]

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  • SA Market Update – 25/05/2018

    Kate Phillips, Agfarm Account Manager SA The cool, overcast days in South Australia have continued this week and while areas need rain, the dry days mean crop can get in the ground fast without rain holding up proceedings. The eight day forecast is showing a promising front coming through towards the end of the period. […]

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  • CNSW Market Update – 25/05/2018

    Alistair Murphy, Agfarm Account Manager CNSW Another week has passed with no significant rainfall to report, and the medium-term forecast is still looking very unconvincing. Unfortunately, things are looking pretty crook here in the Central West of NSW, with the current drought situation now becoming much more widespread. Unsurprisingly, markets have continued to push forward […]

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  • WA Market Update – 18/05/2018

    Reid Seaby, Agfarm Regional Manager WA Seeding continues across the state, but some areas have slowed or even stopped due to the lack of rainfall. There is the odd report of growers finishing their programs and conversely, we are hearing of others who are yet to turn a wheel. Due to the lack of rain […]

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  • SNSW Market Update – 18/05/2018

    Matthew Noonan, Agfarm Account SNSW Some areas in Southern NSW received up to 20mm of rain late last week, with the average closer to 10mm. While not pretending this rainfall has dramatically changed the prospects for next year’s crop, it will certainly help. Growers are around 70-80% through their sowing programs, with some having finished […]

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  • VIC Market Update – 18/05/2018

    Sam Davidson, Agfarm Account Manager Victoria Victorian wheat markets managed to hold onto last week’s gains and even managed to move a tick higher in places. We saw a slight move to the downside on feed wheat delivered to the western districts for a May/June delivery period but a slight uptick for ASW1 delivered to […]

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  • SA Market Update – 18/05/2018

    Kate Phillips, Agfarm Account Manager SA South Australia has turned on the cold tap this week with coldest morning recorded since last September. Keith had a morning temp of -1 degree and around the Kanmantoo area it was 3 degrees. While there has been widespread low-level rainfall over the past few days, areas such as […]

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  • CNSW Market Update – 18/05/2018

    Alistair Murphy, Agfarm Account Manager CNSW Markets have really gone into drought mode this week, and as each week passes with no rain the crop outlook becomes more negative. International markets haven’t really shown any great movements over the last seven days, but it’s the situation here at home that has been causing prices to […]

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  • Agfarm World Market Update, May 2018 – Global Weather Markets Create Uncertainty

    Global Weather Markets Create Uncertainty Chris Coore, Agfarm Advantage Manager May 15th 2018 Weather, production and grain prices; the three topics on the tip of everyone’s tongue, and with good reason. Usually it is the northern hemisphere weather market we watch closely at this time of year. However, it has been an interesting season for […]

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  • WA Market Update – 11/05/2018

    Reid Seaby, Agfarm Regional Manager WA Sowing is ticking along in Western Australia with a few nearing completion. Another week of limited rainfall has seen a further switch to cereal plantings rather than canola and/or lupins. With so much dry seeding this season it is likely we will also see weed control being an issue […]

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  • SNSW Market Update – 11/05/2018

    Matthew Noonan, Agfarm Account SNSW We are currently in the middle of an icy cold front which brought with it a limited amount of rain. Wagga Wagga received around 5mm of rain, and although beneficial, it is on the lower end of what was predicted earlier in the week. Farmers continue their sowing programs and […]

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  • VIC Market Update – 11/05/2018

    Sam Davidson, Agfarm Account Manager Victoria Big news items for grain and oilseed markets this week were predominately northern hemisphere orientated. The first new season demand and supply estimates were published from both private consulting businesses and government agencies over the past few days which gave some direction to cash markets globally. Current estimates remain […]

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  • SA Market Update – 11/05/2018

    Kate Phillips, Agfarm Account Manager SA A road trip around most parts of SA this week saw seeders going flat out to get crop in the ground during the optimal seeding window. Rain fell during the week and continues to fall across SA. Growers in the Clare and Crystal Brook areas have reported falls of […]

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  • CNSW Market Update – 11/05/2018

    Alistair Murphy, Agfarm Account Manager CNSW Yet another week has passed with minimal rainfall received in key NSW cropping areas. But lack of rainfall isn’t stopping growers making headway on their 2018 seeding programs. As more time passes without a decent rain event, we are seeing more growers make the decision to dry sow in […]

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  • WA Market Update – 04/05/2018

    Reid Seaby, Agfarm Regional Manager WA This week’s focus was the continuous dry weather in the US which is severely impacting winter wheat conditions and positively impacting US futures. The US crop conditions currently sit at a 10-year low, the USD is being supported by a positive trend in economic growth which is expected to […]

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  • SNSW Market Update – 04/05/2018

    Nathan Michael, Agfarm Account SNSW As we speak (Friday 4th May AM), there is light misty rain falling in Wagga Wagga, but unfortunately in total, we only saw <5mm overnight. There was a significant rain front coming west from Adelaide, but the majority of this has drifted too far south to give us much relief. […]

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  • VIC Market Update – 04/05/2018

    Sam Davidson, Agfarm Account Manager Victoria This week we saw a drier than average April and a delayed seasonal break lead to a sharp increase of production risk priced into 2018/19 wheat and canola bids. We also saw reduced seller liquidity on old crop, particularly in delivered buyer markets punching front month prices higher.   […]

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  • SA Market Update – 04/05/2018

    Kate Phillips, Agfarm Account Manager SA May the 4th be with you!! What a difference a week makes. Increases to the futures market, a decrease in currency along with continued uncertainty and caution with the commencement of a dry seeding window has seen a buoyancy in both the new crop and old crop markets. Widespread […]

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  • CNSW Market Update – 04/05/2018

    Alistair Murphy, Agfarm Account Manager CNSW Markets have continued to surge upwards this week, following another week of stronger international markets and continued dry weather in the north. Coarse grain prices have firmed around $15/MT over the last seven days across the board. We have seen noticeably more selling enquiry this week in Central NSW […]

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  • WA Market Update – 27/04/2018

    Reid Seaby, Agfarm Regional Manager WA Another week of unwelcome dry weather across the wheatbelt, but a weak cold front did produce some rain in the very southern and western cropping zones. Despite the weather, growers are continuing to get the crop in the ground and the area sown is steadily increasing. The weather forecast […]

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  • SA Market Update – 27/04/2018

    Kate Phillips, Agfarm Account Manager SA The dry warm weather continues, with April and May falls expected to be on the low side. Those who continue to hold old season stock are being vigilant about the upcoming forecast. A continued dry spell may well see the hold payoff, whereas a good break in the season […]

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  • CNSW Market Update – 27/04/2018

    Alistair Murphy, Agfarm Account Manager CNSW This week has seen yet of another rise in international values with another round of CBOT futures bargain buying and short covering. Unsurprisingly, the full move wasn’t passed to values here in Northern NSW as our already strong basis absorbed some of the upside. Although, anywhere from $6-8/MT was […]

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  • SNSW Market Update – 27/04/2018

    Nathan Michael, Agfarm Account SNSW The market has somewhat stabilised over the last week. Liquidity has very much slowed down to the point where there is very little grain being traded, except for farmer to farmer sales. The small scale sheep and cattle feed market is starting to represent a reasonable amount of demand in […]

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  • VIC Market Update – 27/04/2018

    Giles Ditchfield, Agfarm Account Manager Victoria The 25th of April is usually the key date for most to be sowing, however with the current seasonal conditions, rotations are being changed each day and more and more land is being dropped out of the program. Some are waiting until it rains before they start, however leaving […]

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  • WA Market Update – 20/04/2018

    Reid Seaby, Agfarm Regional Manager WA GIWA released their estimated plantings last week with an estimated 8.4 million hectares of crop area to be planted across WA this season. Current estimated hectares for lupins are 400,000 and 1,415,000 for canola. Therefore, intended canola and lupin areas are expected to remain about the same as last […]

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  • SA Market Update – 20/04/2018

    Sam Davidson, Agfarm Account Manager SA South Australian wheat cash market bids were a mixed bag this week with buyer interest apparent across grades from APW1 to SFW1. The spread of feed grade wheat to APW1 continued to narrow with ASW1 bid narrowing from -$8/MT to -$5/MT. Port data showed strong demand on the forward […]

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  • CNSW Market Update – 20/04/2018

    Alistair Murphy, Agfarm Account Manager CNSW Markets have firmed once again this week, with the Darling Downs feed wheat market being the biggest mover. This week’s upside seems to correlate more with the continued dry outlook here at home rather than any overseas influencers, although we did see a kick in international futures late last […]

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  • SNSW Market Update – 20/04/2018

    Matthew Noonan, Agfarm Account SNSW We are now well past the middle of April and still haven’t really hit any ‘proper’ cold Autumn weather. The front that went through last weekend was largely ineffective in terms of providing any real relief from the dry. The majority of area received <5mm, which was of no real […]

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  • VIC Market Update – 20/04/2018

    Giles Ditchfield, Agfarm Account Manager Victoria Sowing has started!! If growers aren’t sowing they are busy preparing their land through burning, pre-watering or spraying. There is little rainfall on the radar and as a result if we don’t get a substantial break in the next few weeks, growers will be looking to change their sowing […]

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  • CNSW Market Update – 13/04/2018

    Alistair Murphy, Agfarm Account Manager CNSW Markets have surged forward this week on the back of stronger US markets, with the Darling Downs delivered feed complex doing the most work to the upside in coarse grains. We have seen some decent liquidity in Central West NSW, mainly feed wheat SFW1 parcels destined for the Liverpool […]

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  • WA Market Update – 13/04/2018

    Reid Seaby, Agfarm Regional Manager WA Bids showed strength earlier this week but have come back to be generally softer than where we ended last week. Malt barley in Kwinana went against the trend, ending $10/MT higher at $300/MT FIS. Wheat bids were essentially unchanged but new crop APW1 was down $3/MT to $292/MT FIS. […]

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  • SNSW Market Update – 13/04/2018

    Nathan Michael, Agfarm Account Manager SNSW Yesterday (Thursday) in Wagga Wagga, we recorded a temperature of 35 degrees during the day and even at 8:00 pm it was still hovering between 25 and 30 degrees. For the middle of April, that is nearly unheard of. There is some rain forecast for this weekend, although Saturday’s […]

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  • VIC Market Update – 13/04/2018

    Sam Davidson, Agfarm Account Manager VIC Victoria was hot this week, like really hot; the kind of hot that makes buyers ignore a selloff in offshore wheat futures and pay over the public bid in an effort to increase low seller liquidity. This week we saw growers offering parcels to the market with mild reluctance […]

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  • SA Market Update – 13/04/3018

    Kate Phillips, Agfarm Account Manager South Australia Yesterday (Wednesday) saw the record broken for the hottest consecutive days for April in South Australia. The temperature gauge hovered around 37 degrees last night as I headed for home. That mixed with the smoke from a nearby grass fire and the dust blowing off dry paddocks made […]

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  • Agfarm World Market Update, April 2018

    Domestic or International Influences – Which to Watch? Chris Coore, Agfarm Advantage Manager April 12th 2018 It’s that time of year again. Grain markets are approaching the most volatile time of the season. Australian sowing is just around the corner and the northern hemisphere weather risk period is fast approaching. So, which one will be […]

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  • WA Market Update – 06/04/2018

    Reid Seaby, Agfarm Regional Manager WA   Isolated thunderstorm activity generated some rain through the central and eastern wheatbelt over the Easter weekend, but falls weren’t significant, generally ranging from 1 – 10mm. Although March was predominantly dry, growers remain optimistic about the upcoming season given they have been able to preserve a lot of […]

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  • SNSW Market Update – 06/04/2018

    Matthew Noonan, Agfarm Account Manager SNSW Another week, and not too much rain on the short term forecast. This has kicked in premiums again and is driving the feed markets for wheat and barley. Wheat is now pricing at around $250-270/MT exfarm and barley is at $255-275/MT south to north (west to east). Maize and […]

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  • CNSW Market Update – 06/04/2018

    Alistair Murphy, Account Manager CNSW This week was seen some continued upside in local cash markets, up between $2-3/MT across the board. Strength in international markets and limited grower selling has been the main reason for cereals firming this over the last seven days. Even with the recent upside in values we still haven’t seen […]

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  • VIC Market Update – 06/04/2018

    Giles Ditchfield, Account Manager Victoria   Although most growers are ready to commence sowing or are busy putting in their last-minute preparations, the forecast remains dry with little rainfall on the eight day BOM radar. The back end of next week looks promising for some regions of VIC. The Western Districts and parts of Central […]

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  • SA Market Update – 06/04/3018

    Kate Phillips, Agfarm Regional Manager SA The Easter bunny brought eggs to South Australia last week, but sadly no rain. The March rainfall for Adelaide was only 6mm and this was replicated across most of the state. The long term outlook doesn’t look as positive as hoped with a good 50mm plus needed in most […]

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  • WA Market Update – 29/03/2018

    Reid Seaby, Agfarm Regional Manager WA   This week Profarmer wrote a short note on finance options for the 2018 season, focussing on ‘finance for grain’ products, which is of course a category that Agfarm’s Accelerate falls within. It was really pleasing to see Accelerate succeeded in passing on the factors that growers must take […]

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  • CNSW Market Update – 29/03/2018

    Alistair Murphey, Agfarm Regional Manager CNSW Local cash markets firmed slightly across the board this week, up anywhere between $2-3/MT for cereal grains. Canola on the other hand showed a solid move, with international futures firming into the Easter break. Lack of grower selling continues to be the main reason why markets have firmed this […]

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  • SA Market Update – 29/03/3018

    Kate Phillips, Agfarm Regional Manager SA We saw light rainfall across much of South Australian cropping regions last week and over the weekend, but we still haven’t hit levels that will be of any real use to growers. The start of seeding is just around the corner with the traditional Anzac Day kick off in […]

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  • SNSW Market Update – 29/03/2018

    Matthew Noonan, Agfarm Account Manager SNSW We have seen another week of almost no precipitation here in Southern NSW. Last weekend’s front proved to be little more than passing showers and didn’t bring any significant falls. On a drive through the Southern Riverina yesterday I was surprised at how little moisture was evident on the […]

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  • VIC Market Update – 29/03/2018

    Sam Davidson, Agfarm Regional Manager Vic Victorian wheat markets managed to hold somewhat firm this week, despite considerable offshore pressure from weaker US futures and a stronger Australian dollar. Buyers attempted to walk the bid lower in kind, however dry conditions throughout the western districts, Mallee and Wimmera pressured seller liquidity and thereby restricted the […]

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  • CNSW Market Update – 23/03/2018

    Alistair Murphey, Agfarm Regional Manager CNSW   Markets have finished slightly weaker this week, as international futures took a breather over the last few days. With values coming off the boil, we’ve seen sellers distance themselves from the market ever further and as result trade has been quite thin and sporadic to say the least. […]

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  • SNSW Market Update – 23/03/2018

    Nathan Michael, Agfarm Regional Manager SNSW   At time of writing there is some light rain falling in Wagga, but that is the extent of our entire week’s rainfall. There is due to be up to 20mm over the weekend, but this has been scaled back from double that amount a few days ago. At […]

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  • WA Market Update – 23/03/2018

    Reid Seaby, Agfarm Regional Manager WA It has been dry across the vast state of WA this week, and that trend is looking to continue throughout next week also. There is a weak low-pressure system that may be developing off the southwest corner of the state and could pass through on Monday, but it won’t […]

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  • SA Market Update – 23/03/2018

    Kate Phillips, Agfarm Regional Manager SA In last week’s report I mentioned that there was no rain on the forecast and that SA wouldn’t see any… well of course it rained, not a lot but enough to wet the ground and add a little to the tanks. So, each week from now I think I […]

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  • WA Market Update – 16/03/2018

    Reid Seaby, Agfarm Regional Manager WA   Kwinana bids have been generally weaker the past week. APW bids have been as high as $295/MT over the past fortnight, which has seen grower selling pick up a bit as they seek to move on some of the grain they have carried from harvest. As a general […]

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  • SA Market Update – 16/03/2018

    Kate Phillips, Agfarm Regional Manager SA The dry weather throughout South Australia has continued this week. Growers are not overly concerned at this stage but a little more rain on the radar (than the 1-2mm that is seen on the BOM 8-day forecast) would be well received. If no serious rain falls over the next […]

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  • Vic Market Update – 16/03/2018

    Sam Davidson, Agfarm Regional Manager Vic Victorian wheat markets finished the week on a relatively quiet note. Most grades sit either unchanged to a dollar weaker with thin trading volumes and a $3-5/MT spread between grower offers and buyers’ bids. Higher grade wheat managed to maintain a premium over APW1, with H1 bids steady at […]

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  • CNSW Market Update – 16/03/2018

    Alistair Murphy, Agfarm Regional Manager CNSW This week has seen the majority of markets ease off the recent highs, anywhere between $3-5/MT lower this week across the board. Some of this downside has stemmed from international futures retreating, but also in the recent kick some consumers managed to pick up some additional coverage to keep […]

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  • SNSW Market Update – 16/03/2018

    Nathan Michael, Agfarm Regional Manager SNSW The weather has stayed unusually hot and dry in Southern NSW for another week. The weekend is due to be particularly hot again, with temperatures across the state exceeding 35 degrees. Overall it is not much of a problem at this time of year, as limited Autumn rainfall simply […]

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  • Agfarm World Market Update, March 2018

    Drivers affecting grain prices around the world.   Chris Coore, Agfarm Advantage Manager Each year as we move through March and into April, the question ‘what are grain prices going to do next season?’ starts playing on the mind. The price of grain largely affects what, and how much we plant. So, let’s take a […]

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  • SA Market Update – 9/3/2018

    Kate Phillips, Agfarm Regional Manager SA Thanks to all the South Australian growers who crossed the border into Victoria this week to come and see Sam Davidson and I at the Wimmera Field days. Conditions were similar across most of SA this week, with little to no rain and warm to hot days. Growers currently […]

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  • SNSW Market Update – 9/3/2018

    Nathan Michael, Agfarm Regional Manager SNSW   We have had another week with largely no rainfall. Although, this is not the worst result as it decreases the need for constant spraying of summer grasses. The demand for wheat and barley remain strong to the east and the north, plus whilst backloads are still available for […]

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  • VIC Market Update – 9/3/2018

    Giles Ditchfield, Agfarm Regional Manager Vic   The Victorian markets have again continued to firm over the last week, as we are seeing strong demand from both the domestic and export markets. There is minimal rainfall on the 8-day BOM forecast, and although it is still too early, we aren’t far off requiring a nice […]

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  • WA Market Update – 9/3/2018

    Reid Seaby, Agfarm Regional Manager WA     This week’s thunderstorm activity was confined to the Central West with places surrounding Mullewa and Northampton receiving over 20mm on Sunday afternoon/evening. The remainder of the southern half of the state was predominantly dry with mild temperatures, warming toward the end of the week. The majority of […]

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  • CNSW Market Update – 9/3/2018

    Alistair Murphy, Agfarm Regional Manager CNSW We have seen some sustained upside in grain values heading into the middle of March, with international values seemingly finding a new trading range for now. A lot of the recent upside in international markets over the last few weeks has been largely absorbed by our already strong domestic […]

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  • SA Market Update – 02/03/2018

    Kate Phillips, Agfarm Account Manager SA The nimbostratus clouds that passed across South Australia this week just teased us with only enough rainfall to settle the dust again, doing little for sub-soil moisture levels. Looking at the BOM, the chance of good rainfall over South Australian agricultural areas in the next 8 days seems as similarly […]

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  • VIC Market Update – 02/03/2018

    Sam Davidson and Giles Ditchfield, Agfarm Account Managers VIC Victorian wheat markets have managed to move higher week on week, with both local and northern production risk lending support to Australian cash markets. The Australian Bureau of Meteorology outlook for autumn (released on Wednesday February 28) showed a decline in La Niña, with a return […]

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  • Southern NSW Market Update – 02/03/2018

    Matthew Noonan, Agfarm Account Manager Sounthern NSW The end of this week marks the end of February warehousing. Many growers have had to make the decision whether to carry their unsold grain for another month. With the benefit of hindsight, resisting the urge to sell would have been the best decision, as futures markets have […]

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  • WA Market Update – 02/03/2018

    Reid Seaby, Agfarm Regional Manager WA The market has once again been kind to the grower this week, with parts of the Northern Hemisphere wheat growing regions continuing to experience dry conditions. Weather in Argentina has also been making headlines, with the dryness pushing prices to levels not seen in about 12 months. The surge […]

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  • WA Market Update – 23/02/2018

    Reid Seaby, Agfarm Regional Manager WA   Parts of the state again experienced some isolated thunderstorms this week, caused by cyclone Kelvin and the resulting weather system which moved south throughout the week. These rain events may continue in northern and eastern parts in the upcoming few days, possibly producing some heavy rainfalls. On the […]

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  • VIC Market Update – 23/02/2018

    Sam Davidson, Agfarm Account Manager VIC   This week saw Vic wheat cash markets trade mostly sideways with choppy up and down sessions that failed to see a sustained break higher. Buyer interest for system stock appeared to shift from Melbourne and Geelong port zones to Portland as exporters commence accumulating for April – June […]

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  • SA Market Update – 23/02/2018

    Giles Ditchfield, Agfarm Account Manager SA   After an uneventful week rain-wise in South Australia, it looks as though the state is going to again miss out on downpours. The rainfall was only enough to settle the dust and if anything, it was more a of nuisance than it was helpful. There is no rain […]

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  • Central NSW Market Update – 23/02/2018

    Alistair Murphy, Agfarm Account Manager Central NSW   Feed markets have softened somewhat from last week’s highs as liquidity in the northern sorghum complex continues to impact on values. This week we saw values come off around $4-5/MT in feed wheats, with barley coming under less pressure and softening by about $1-2/MT. The slight drop […]

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  • Southern NSW Market Update – 23/02/2018

    Matthew Noonan, Agfarm Account Manager Sounthern NSW   It has been encouraging to see prices, for the most part, have held their gains from last week. The past few weeks have seen a lot of February-March delivery options taken up for onfarm F1 barley and ASW1/SFW1 wheat. A few thunderstorms around the region have dropped […]

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  • WA Market Update – 16/02/2018

    Reid Seaby, Agfarm Regional Manager WA This week GIWA released their 2017 crop report which pegged final production at 14.275MMT for all grains, far exceeding the 9MMT which they were forecasting back in July of last year. The marked improvement was obviously due to the state’s wheat crop; down 25% from the record in 2016 […]

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  • SA Market Update – 16/02/2018

    Giles Ditchfield, Agfarm Account Manager SA It has been another mixed week in South Australia on the weather front, with wind and warm temperatures continuing to be the major contributors. However it looks as though large parts of the Eyre Peninsula, upper-, mid- and lower-North along with parts of the Lower Murray could be in […]

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  • Central NSW Market Update – 16/02/2018

    Alistair Murphy, Agfarm Account Manager CNSW Values have once again firmed this week, following the continuing upside we have seen on the international market. Feed grains have been the biggest movers, having seen an increase in prices anywhere between $6-8/MT depending on location and quality. We have seen a noticeable uptake in grower selling in […]

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  • Southern NSW Market Update – 16/02/2018

    Nathan Michael, Agfarm Account Manager SNSW The last week has seen demand for warehoused stocks increase slightly and a $5-10/MT improvement in exfarm grain. As the weather remains hot and dry across most of Queensland and NSW, buyers have shown strong interest in securing grain supply for the Feb-March period. This reaffirms our belief that […]

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  • VIC Market Update – 16/02/2018

    Sam Davidson, Agfarm Account Manager VIC Victorian markets have again rallied week on week due to both the futures and the Australian dollar. Another major factor influencing the prices is the shipping stem and buyers demands. We have seen the F1 delivered number into Melbourne increase to $265/MT. There is no rainfall on the 8-day […]

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  • Agfarm World Market Update, February 2018

    What’s Next for the Australian Grain Market? Chris Coore, Agfarm Advantage Manager Now the 2017/18 harvest is well and truly finished, the grain marketing begins, so let’s take a look at what happened over harvest, what has happened since harvest and where we expect grain markets to move from here. It’s no secret this year’s […]

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  • SPECIALIST FINANCIERS THE KEY TO FUTURE FARMING

    SPECIALIST FINANCIERS, THE KEY TO FUTURE FARMING Reid Seaby, Agfam Regional Manager   Agriculture today is a sophisticated and highly technical industry. The importance of the agricultural industry to the Australian economy and community is well known, and the role of financiers providing support to this sector is becoming increasingly more critical. It is no […]

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  • MEDIA RELEASE: Agfarm and CRT Announce Finance Partnership for Broadacre Farmers

    Affordable finance for Broadacre Farmers   Australian broadacre farmers will see a significant increase in access to affordable and innovative input finance this planting season, thanks to a strategic partnership between Agfarm and Combined Rural Traders (CRT), as announced at the CRT Conference held in Perth last week. Agfarm’s input finance program ‘Accelerate’, has been […]

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  • WA Market Update – 09/02/2018

    Reid Seaby, Agfarm Regional Manager WA Patchy rainfall over the last week has helped to add to the soil moisture profile in key growing areas, with 25-50mm falling across the Kwinana and Geraldton zones. However, a clear 8-day forecast will allow growers the opportunity to get some summer spraying under way as the ground dries […]

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  • SA Market Update – 09/02/2018

    Kate Phillips, Agfarm Account Manager SA This week South Australia has witnessed some real heat, both in temperature and grain values. While this increase in commodity price has seen some good trades, it has also seen several sellers sitting back to see where the flurry of bidding activity takes values. There is positive chat about […]

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  • Central NSW Market Update – 09/02/2018

    Alistair Murphy, Agfarm Account Manager CNSW Domestic coarse grain values have firmed across the board this week, following a series of consecutive gains in international futures over the last couple of days. This recent rise in values has brought on increased levels of sell activity from growers, though predominantly more so in southern cropping zones […]

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  • Southern NSW Market Update – 09/02/2018

    Matthew Noonan, Agfarm Account Manager SNSW This week the marketing focus very much shifted from warehoused grain to exfarm stocks. Over the last seven days we received a lot of enquiry on both sides of the ledger (buying and selling) and growers are now, once again, in the box seat for selling grain. Exfarm numbers […]

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  • VIC Market Update – 09/02/2018

    Giles Ditchfield, Agfarm Account Manager VIC Victorian markets have again rallied week on week due to both the futures and the Australian dollar. Another major factor influencing the prices is the shipping stem and buyers demands. We have seen the F1 delivered number into Melbourne increase to $265/MT. There is no rainfall on the 8-day […]

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  • Southern NSW Market Update – 02/02/2018

    Matthew Noonan, Agfarm Account Manager SNSW The last week has seen the end of January come and go with some track/system sales towards the end of the month on mostly wheat with some barley and canola. There has also been some continued interest in exfarm and delivered grain for the next two months before sowing […]

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  • WA Market Update – 02/02/2018

    Reid Seaby, Agfarm Regional Manager WA As growers look to get back into it after well-earned break in January, the remnants of Cyclone Joyce have disrupted preparations for this year’s crop. Unrelenting winds provide limited opportunities for summer spraying, whilst wide-spread rain has brought on the germination of weeds. Those looking to deep rip have […]

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  • SA Market Update – 02/02/2018

    Kate Phillips, Agfarm Account Manager SA This week the South Australian grains values have carried along a similar path to last week.  Sellers’ attitudes are remaining bullish thanks to continued weaker values, and buyers have generally been continuing to price into February at similar levels to late January. Barley markets have shown great consistency week […]

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  • Central NSW Market Update – 02/02/2018

    Alistair Murphy, Agfarm Account Manager CNSW The majority of markets have firmed this week, thanks to help by a bounce in international futures in the US. This has meant we have started to see some increased levels of engagement from the growers’ selling side, though still not in any large volumes. It has been considerably […]

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  • VIC Market Update – 02/02/2018

    Sam Davidson, Agfarm Account Manager VIC Victorian wheat markets generally finished the week stronger however an overarching market narrative remains elusive. Most notably, wheat grade spreads whipsawed throughout the week as buyers’ cherry picked stock to suite sale commitments. The largest gain on both the delivered buyer and track markets was ASW1. ASW1 delivered Melbourne/Geelong […]

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  • SA Market Update – 25/01/2018

    Kate Phillips, Agfarm Account Manager SA South Australian grain values have continued positively this week, which has resulted in growers connecting more seriously with the market. There has been some good demand for H2 along with AUH2, and continued F1 demand has meant buyers are pricing above the market to secure tonnes. In saying this, […]

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  • WA Market Update – 25/01/2018

    Reid Seaby, Agfarm Regional Manager WA With school holidays drawing to a close, growers will turn their attention to maintaining the moisture from last week’s rainfall and then managing the weed burden that may also result. The past 10 or so days have seen many summer weeds germinate and so growers have been visiting their […]

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  • VIC Market Update – 25/01/2018

    Giles Ditchfield, Agfarm Account Manager VIC Current temperatures have been unfavourable for summer spraying this week, with most growers being required to start early and finish before the day warms up. We are expecting to see temperatures in the high-30s to low-40s this weekend so it looks like this trend will continue. The 8 day […]

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  • Central NSW Market Update – 25/01/2018

    Alistair Murphy, Agfarm Account Manager CNSW Another week of hot and dry weather seems to have spurned on further questions regarding the current season’s sorghum crop potential. There is a wide variance in industry speculation on how big the crop will be, and with good reason, as rainfall over the next three weeks will significantly […]

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  • Southern NSW Market Update – 25/01/2018

    Matthew Noonan, Agfarm Account Manager SNSW After a hot start to the week, there have been a few storms about in the Southern Central-West and Riverina which have brought temperatures right down over the past few days. The focus for wheat markets over the past few weeks has been on track sales of APW1 and […]

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  • Market Update, January 2018

    Managing Risk in Broadacre Farming Chris Coore, Agfarm Advantage Manager Investments in agriculture can be risky. Investments in broadacre farming can be even riskier. So how does an Australian broadacre farmer arrive at an investment decision with clarity of the goal or confidence in the ability to achieve it? Factors influencing the commercial viability of […]

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  • SA Market Update – 19/01/2018

    Sam Davidson, Agfarm Account Manager SA South Australian grain and oilseeds prices moved lower week on week with wheat, barley and canola bids all finishing below last week’s numbers. Despite the general easing in prices we have seen some very strong demand for F1 barley on the Adelaide track market with buyers willing to go […]

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  • 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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