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.
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.
It has sometimes been a “bumpy journey”, but Darling Downs farmer, Wayne Newton, will have few regrets when he steps down from the position of Queensland AgForce’s Grains president in November.
Chickpea prices have rallied to a new high for old and new-crop of $800 per tonne, and more in places, delivered packer, but grower selling has been limited in the face of production concerns.
Australian Bureau of Statistics export data says Australia exported 25,142t of chickpeas in June, down 40 per cent from the May figure to a new low of recent times.
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.
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.
Strong domestic demand for Australia’s non-GM soybeans has lifted its price to $700 per tonne, a premium of $150/t over export parity, and the crop’s popularity is expected to grow, based on interest from sugarcane growers looking for an alternative crop.
Australia’s first Inland Rail Conference was held in Parkes last week, and outlined developments in New South Wales and Victoria, but lamented the continued absence of an Inter-Government Agreement with Queensland which is hindering planning for the northern end of the 1700-kilometre Inland Rail project.