Strong domestic premiums will see NSW and Queensland cereals shipments slashed in 2017/18. Amid high prices, growers would remain cautious about selling before they see their crops safe in the bin.
US agriculture is doing it tough with American farmers finding it hard to turn a profit in an era of low commodity prices and high costs, despite a system of support well beyond that available to Australian growers.
Sorghum growers and users wait for general rain before committing to new crop.
Sorghum is trading in limited volume at just below $300 delivered Darling Downs as unseasonably warm weather and a lack of rain fuel concerns about feedgrain supplies up to November.
The booming popularity of pulse crops in tropical Queensland is positioning Townsville as a port of significance when it comes to containerised grain exports.
A multi-hybrid planter, a paddock map that plots soil conductivity and software that links them have been combined for the first time to give Liverpool Plains grower David McGavin two sorghum crops in one.
Grain receivals at United Petroleum’s Dalby Bio-refinery have not been affected by the fire which damaged a section of the plant on May 26.
A fire in the early hours of this morning at United Ethanol’s Dalby Bio-Refinery may impact the supply of grain in the short-term to the plant, which is a significant user of sorghum and feed barley on Queensland’s Darling Downs.
Graincorp has reported a half-year Earnings Before Interest, Tax, Depreciation and Amortisation figure of $236 million and an Underlying Net Profit After Tax of $100m, both well up on comparable 2016 results.
A crop of MR-Scorpio sorghum grown by Joe Fleming, ‘Parraweena’, Willow Tree, has taken out this year’s Premer Shield, awarded for the best sorghum crop grown in the Liverpool Plains district of northern NSW.