Australia’s total winter-crop production is forecast to drop 12 per cent nationally to 33.2 million tonnes (Mt), with production declines forecast in all eastern states, according to ABARES’ latest periodic Australian crop report.
Rain in coming weeks is set to spark a mass planting of sorghum in northern NSW and southern Queensland, but growers are being warned not to plant without sufficient subsoil moisture in this early part of the summer-cropping window.
Prospective investors in the Temora-based BFB cropping aggregation have until the end of September to express their interest in the entity as it prepares to expand its footprint from its current 48,753 hectares.
A much-anticipated rainfall event has halted a slide in yield prospects for some winter crops in northern New South Wales and Queensland, and clipped the premium from the drought feed market as traders shore up positions.
Drought in northern New South Wales will limit the state’s ability to export durum, but South Australia can look forward to an exportable surplus if spring growing conditions are kind.
The continuing climb in cottonseed values is yet to quash demand from stockfeeders, but its value as a feedstock for crushing is looking increasingly prohibitive.
A lack of paddock feed for livestock in southern New South Wales has sparked a new round of buying from farmers in the state’s south as the need for rain increases, pushing eastern state grain and hay markets higher in the past week.
The AgriFutures Export Fodder Program is putting $2.2 million into research and extension to improve agronomy based primarily around Australia’s oaten hay export industry.
The NSW Goverment is offering subsidies of up to 50 per cent to cover costs incurred by farmers having to truck in fodder and water or sell off livestock in the state’s worsening drought.
Australian wheat futures are showing a strengthening basis, as the yield outlook for eastern Australian crops slips and the trade comes to grips with another year of grain shortages.