Lupins in food shape up for WA’s Wide Open Ag

WOA is working to transform lupins, a pulse mostly used for animal feed, into a mainstream human food by developing a powder which can be incorporated into a range of products…Read More

Emma Alsop, May 18, 2022

People on the move in the grain and cropping industry

Who is on the move in the Australian grain and cropping industry? Catch up with our latest update on industry appointments, rewards and achievements…Read More

Grain Central, May 18, 2022

Lotfeeders buckle under record feedgrain, feeder cattle prices

There’s an old saying that financially, lotfeeders can tolerate high feedgrain prices or high feeder cattle prices – but not both at the same time. That adage is being tested at present, with both inputs sitting at record or near-record levels. In this report, we look at the key variables – grain and finished ration prices, feeder cattle and finished grainfed cattle prices and cost-of-gain. Some yards are already starting to reduce numbers on feed as a result…Read More

Jon Condon, May 18, 2022

Indian Government limits wheat exports

The Indian Government is limiting wheat exports to shore up its own food security following the heatwave which has impacted the yield potential of its crop.
..Read More

Guest Author, May 18, 2022

Wheat production under threat across globe

Some of the world’s major wheat producers are battling conditions that are far from ideal as protectionism creeps back into the policies of some exporting nations…Read More

Grain Brokers Australia, May 17, 2022

Weekly rainfall update + rain outlook 18 May 2022

Monthly and annual daily rainfall records were exceeded for many sites in Queensland and inland NSW, with weekly totals being over two to eight times greater than the monthly average for much of Queensland…Read More

Bureau of Meteorology, May 18, 2022

Barley Australia merges with Grains Australia

Grains Australia is now responsible for classifying barley as well as wheat following its merger this week with Barley Australia…Read More

Grain Central, May 17, 2022

Daily Market Wire 18 May 2022

Amid ongoing volatility, wheat/corn price spread passes US5 per bushel, likely encourages corn usage. Australian barley wheat canola bids lift. Vessel wait-times increase…Read More

Lachstock Consulting, May 18, 2022


Daily Market Wire 17 May 2022
Lachstock Consulting, May 17, 2022
Dirranbandi property sells pre-auction
Emma Alsop, May 16, 2022

Industry Dashboard

$A / $US

Updated 7am daily
Today
0.7020
Source: NAB

ASX Market Index

19 May 2022 (updated 10am daily)
Company Price Trending
Elders $13.98
Australian Agricultural Co $1.88
Graincorp $10.40
Ridley $1.73
Woolworths $37.27
Wellard $0.08
Source: ASX

Wheat

APW1 delivered Melbourne

Last Week

484
Source: Lachstock Consulting

Barley

FB1 delivered Melbourne

Today

444

Canola

Spot delivered Melbourne

Today

1087
Source: Lachstock Consulting

Sorghum

Sorghum track Newcastle

Today

355
Source: Lachstock Consulting

SOI Graph

Southern Oscillation Index (SOI)

Today

19.76
Source: Australian Bureau of Meteorology

What readers are saying

Macquarie joins Iron Road on EP Cape Hardy port project

Financial close of the cape Hardy project is planned for qtr 3, 2021 and its timelines indicate operations will start in early 2023 ,what will operations mean. Regards Adrian Nash. Nashcush....

Adrian Nash
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Vigilance required as mice become active: GPA

I believe there is only one researcher recommending ZP50 bait. We have great results with ZP25, monitoring is the key and bait when increased activity is noticed.....

Scott Hoyle
More
Funds secured for next SA grain port

This port is proposed for an environmentally unsuitable location- too close to the Lipson Island Conservation Park, which is the only stable Little penguin colony in Spencer Gulf. All....

Dan Monceaux
More
Pulses set to grow in reduced crop area: ANZ

Hello How about the fava beans and broad beans also there is reduction in cultivated aera? Thanks and best regards Ramli....

Abdelrahman Ramli
More

News

Lupins in food shape up for WA’s Wide Open Ag

WOA is working to transform lupins, a pulse mostly used for animal feed, into a mainstream human food by developing a powder which can be incorporated into a range of products…Read More

Emma Alsop, May 18, 2022

Lotfeeders buckle under record feedgrain, feeder cattle prices

There’s an old saying that financially, lotfeeders can tolerate high feedgrain prices or high feeder cattle prices – but not both at the same time. That adage is being tested at present, with both inputs sitting at record or near-record levels. In this report, we look at the key variables – grain and finished ration prices, feeder cattle and finished grainfed cattle prices and cost-of-gain. Some yards are already starting to reduce numbers on feed as a result…Read More

Jon Condon, May 18, 2022

Barley Australia merges with Grains Australia

Grains Australia is now responsible for classifying barley as well as wheat following its merger this week with Barley Australia…Read More

Grain Central, May 17, 2022

Australian canola crop forecast at 5.2Mt: AOF

The AOF forecasts 3.32 million hectares 2022-23 canola area, up 12pc on last year, but production at 5.2 million tonnes, down from 6.3Mt last year…Read More

Grain Central, May 16, 2022

Weather

Weekly rainfall update + rain outlook 18 May 2022

Monthly and annual daily rainfall records were exceeded for many sites in Queensland and inland NSW, with weekly totals being over two to eight times greater than the monthly average for much of Queensland…Read More

Bureau of Meteorology, May 18, 2022

Weekly rainfall update + rain outlook 11 May 2022

Rainfall totals of 25-100 mm were recorded over central and eastern parts of Queensland, followed by an intensifying stream of onshore flow at the end of the week…Read More

Bureau of Meteorology, May 11, 2022

Weekly rainfall update + rain outlook 4 May 2022

Most cropping regions of South Australia again missed out on significant rain in the past week, and mostly single-digit falls are forecast to May 19. ..Read More

Bureau of Meteorology, May 4, 2022

Seasonal climate outlook for May to July 2022

Above median May to July rainfall is likely for most of Australia, except south-west WA and western Tasmania, according to the Bureau of Meteorology’s latest three month seasonal climate outlook. ..Read More

Bureau of Meteorology, April 29, 2022

Cropping

Australian canola crop forecast at 5.2Mt: AOF

The AOF forecasts 3.32 million hectares 2022-23 canola area, up 12pc on last year, but production at 5.2 million tonnes, down from 6.3Mt last year…Read More

Grain Central, May 16, 2022

WA crop area seen at 8.9Mha plus: GIWA

GIWA’s May crop report says WA’s winter crop is off to a strong and early start thanks to opening and follow-up planting rain in most growing areas…Read More

Grain Central, May 13, 2022

Pulse Update: Growers plant, bulk sales progress

Growers across southern Australia are busy planting what looks like being an expanded winter pulse area as exporters continue to seek bulk fabas and lentils. ..Read More

Liz Wells, May 11, 2022

North Qld cotton outlook remains bright

With the North Queensland cotton harvest at least a month away, irrigated cotton growers are currently predicting good yields while the rainfed crops are seeing lackluster early results…Read More

Emma Alsop, May 9, 2022

Markets

Indian Government limits wheat exports

The Indian Government is limiting wheat exports to shore up its own food security following the heatwave which has impacted the yield potential of its crop.
..Read More

Guest Author, May 18, 2022

Wheat production under threat across globe

Some of the world’s major wheat producers are battling conditions that are far from ideal as protectionism creeps back into the policies of some exporting nations…Read More

Grain Brokers Australia, May 17, 2022

Daily Market Wire 18 May 2022

Amid ongoing volatility, wheat/corn price spread passes US5 per bushel, likely encourages corn usage. Australian barley wheat canola bids lift. Vessel wait-times increase…Read More

Lachstock Consulting, May 18, 2022

Russia-Ukraine war continues to drive up costs: Rabobank

Cost increases will be felt right across Australia’s farm sector in 2022, driven by expected further hikes in energy and fertiliser prices as a result of the Russia-Ukraine war, according to a new Rabobank report…Read More

Grain Central, May 16, 2022

Machinery

Tractor sales down 11pc year to date: TMA

The Tractor and Machinery Association of Australia says supply-chain issues including less steel coming out of Ukraine have affected the availability of tractors, with the 150kW plus range the most affected…Read More

Grain Central, May 16, 2022

ExactEmerge cuts planting time, improves accuracy

Use of a John Deere precision planter helped the University of Sydney sow dryland cotton on its Narrabri farm at a record speed, and without accuracy being compromised. ..Read More

Grain Central, April 27, 2022

Hydrogen set to drive heavyweights: ABARES

Agriculture could hitch a ride on Fortescue’s investment in green hydrogen production and the development of heavy vehicles for it to power, the ABARES Outlook forum heard today…Read More

Liz Wells, March 1, 2022

Dryers improve efficiency in widening area

Grain dryers are upping the speed on harvest programs, and increasing value of grain harvested from tropical Queensland to WA’s Great Southern region…Read More

Liz Wells, February 21, 2022

Property

Dirranbandi property sells pre-auction

Queensland irrigated cotton and dryland cropping property, Tooroora, has sold before auction to NSW farmers Andrew and Jo Slack-Smith…Read More

Emma Alsop, May 16, 2022

NSW feedlot, cropping operation on market

After over 45 years at the property, retiring lot-feeders and growers Ian and Louise MacCue have brought their 2216-hectare Wilga Aggregation to the market…Read More

Emma Alsop, May 11, 2022

Farmland values increase by 20pc in 2021: Rural Bank

The median price of Australian farmland rose 20pc in 2021, with strong commodity prices and kind seasons contributing to this eighth consecutive year of growth…Read More

Grain Central, May 3, 2022

Patersons snap up Kooba Ag for $63M

ESTABLISHED Riverina lot-feeders, graziers and cotton-growers the Paterson family has purchased the 19,896-hectare Kooba Ag Hay Aggregation for $63 million. Located 20 kilometres south-west of Hay in the Riverina region..Read More

Emma Alsop, April 27, 2022

Beef Central

AA Co shares hit new four-year high, on eve of annual results release

Shares in the world’s largest cattle producer, the listed Australian Agricultural Co, have shot to a new four-year high this week, on the strength of last week’s announcement over re-valuation..Read More

More knowledge needed for JBS to reach its net zero target

The head of the world’s largest meat processing business says the company is still trying to work out how it will reach its target of “net zero emissions by 2040”...Read More

Elanco secures US licensing rights to develop methane-reducing feed additive

Animal nutrition company Elanco has struck a deal with the Dutch-based Royal DSM, giving it the exclusive US licensing rights to develop, manufacture and commercialise a Bovaer (3-NOP) for methane..Read More

Impact of government carbon market intervention still unknown, as market plunges $20 overnight

The impact of changes made to the management of government carbon contracts is still unknown as the regulator looks answer some questions...Read More

Sheep Central

AWI suspends marketing during COVID lockdowns

AUSTRALIAN Wool Innovation chairman Jock Laurie has assured growers the research, development and marketing body would be cautious in spending and not waste levy money on promotions during COVID lockdowns…..Read More

Sassy the Red Boer doe sells for record $16,000

A NEW Australian record price of $16,000 for a meat doe was set at the Queensland State Goat Breeders Sale on Monday...Read More

Weekly rainfall update + rain outlook 18 May 2022

MONTHLY and annual daily rainfall records were exceeded across Queensland and inland New South Wales, with weekly totals 2-8 times greater than the average monthly total for large parts of..Read More

Boehringer Ingelheim to phase out sheep capsules

ANIMAL health company Boehringer Ingelheim has decided to phase out its popular sheep capsule range in Australia by the end of 2022...Read More

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