Traders are bidding up big at South Australian sites on the national rail network to secure grain for end-users in inland New South Wales, where the drought-reduced harvest is tearing south at a rapid rate.
Argentina’s wheat exports are set to double over the next decade, potentially challenging Australia’s competitiveness in key markets, according to a new report from the Australian Export Grains Innovation Centre (AEGIC).
Western Australian growers have delivered 1.27 million tonnes of grain in the harvest to November 8. State bulk handler CBH Group said interest from export customers is on the rise as domestic demand from eastern states takes a back seat.
On price alone, US corn may stack up for import into southern Australia, but GM concerns and reasonable prospects for sorghum are likely to keep whole grain imports out of Australia for the foreseeable future, but oilseeds may be on the cards.
Australia’s production and export figures have been revised down in the latest USDA World Agricultural Supply and Demand Estimates report released overnight, which also details increased stocks and production for China as its trade stoush with the US continues.
The feedlot sector’s appetite for grain, as well as opportunities for containerised exports of milling wheat, have prompted a group of Queensland growers to form their own company and release a CIMMYT variety named in honour of Norman Borlaug.
Harvest is rolling south through New South Wales, but its pressure on prices is yet to be seen, while on sorghum, a heatwave drove up prices based on uncertain prospects for the crop now being planted.
A vessel carrying wheat from Western Australia is due to arrive in Gladstone next month to supply the piggery and feedlot sector in Central Queensland.
Peter McMeekin this week takes readers on a global journey of crops, markets, weather and politics, including his view on how tweets moved markets amid hope of improved soybean trade from the US to China.
A five-year project to close the cereal crop yield gap in Tasmania has passed the half-way mark and is producing results that are set to rewrite the state’s cereal production targets.