Basis Commodities – Australian Crop Update – Week 15, 2023

2022/2023 Season (New Crop) – USD FOB NEW CROP PRICES ARE BASED ON TRACK BID/OFFER SPREAD PLUS ACCUMULATION & FOBBING COSTS AND ARE NOT FOB PRICE INDICATIONS. Australian Grains & Oil Seed Market Australian markets were softer last week for wheat, barley and canola with further declines in global values. The size of the price declines varied by port zone on…

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Basis Commodities – Australian Crop Update – Week 14, 2023

2022/2023 Season (New Crop) – USD FOB NEW CROP PRICES ARE BASED ON TRACK BID/OFFER SPREAD PLUS ACCUMULATION & FOBBING COSTS AND ARE NOT FOB PRICE INDICATIONS. Australian Grains & Oil Seed Market The Australian domestic markets ended the week mixed with cash buyers returning following the sharp selloff in CBOT wheat which saw wheat bids up AUD$10-15/MT. The trade bids…

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Basis Commodities – Australian Crop Update – Week 13, 2023

2022/2023 Season (New Crop) – USD FOB NEW CROP PRICES ARE BASED ON TRACK BID/OFFER SPREAD PLUS ACCUMULATION & FOBBING COSTS AND ARE NOT FOB PRICE INDICATIONS. Australian Market Review The Australian Domestic market finished sharply lower at the end of last week as buyers pulled wheat, barley and canola bids lower in response to the sharp declines in global markets.…

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Basis Commodities – Australian Hay Update – Friday 24th March 2023

Australian growers planting intentions are usually made by the national holiday of Anzac Day which falls on the 25th of April each year. This date is seen as important as the cropping area will already have seen summer rainfall providing subsoil moisture and the long term weather forecast will already be understood to support crop growth.…

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Basis Commodities – Australian Crop Update – Week 12, 2023

2022/2023 Season (New Crop) – USD FOB NEW CROP PRICES ARE BASED ON TRACK BID/OFFER SPREAD PLUS ACCUMULATION & FOBBING COSTS AND ARE NOT FOB PRICE INDICATIONS. Australian Market Review The Australian cash markets were mixed over the past week. Canola was sharply lower in all states with the washout in European and Canadian futures. Bids to the grower were down…

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Basis Commodities – Australian Crop Update – Week 11, 2023

2022/2023 Season (New Crop) – USD FOB NEW CROP PRICES ARE BASED ON TRACK BID/OFFER SPREAD PLUS ACCUMULATION & FOBBING COSTS AND ARE NOT FOB PRICE INDICATIONS. Australian Market Review The Australian domestic wheat market was sharply lower at the close of last week as buyers reflected declines in CBOT and Matif while the 2.7% decline in the AUD/USD lessened the…

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Basis Commodities – Australian Crop Update – Week 10, 2023

2022/2023 Season (New Crop) – USD FOB NEW CROP PRICES ARE BASED ON TRACK BID/OFFER SPREAD PLUS ACCUMULATION & FOBBING COSTS AND ARE NOT FOB PRICE INDICATIONS. Australian Market Review Big crops get bigger, and this has certainly been the case with Australia’s 2022/23 winter crop. The crop production forecasts across the board are higher following the harvest receival data showing…

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Basis Commodities – Australian Crop Update – Week 9, 2023

2022/2023 Season (New Crop) – USD FOB NEW CROP PRICES ARE BASED ON TRACK BID/OFFER SPREAD PLUS ACCUMULATION & FOBBING COSTS AND ARE NOT FOB PRICE INDICATIONS. Australian Market Review Domestic markets in Australia were generally firmer in the past week as buyers and traders do their best to purchase available farmer offers to cover off nearby export positions. It was…

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Basis Commodities – Australian Hay Update – Monday 26th February 2023

The Growing and Bailing season for the Australian hay industry has concluded for the 2022/23 season. It is around this time that production numbers and quality can be quantified, and the results of the season are reported. The total production for the 2022/23 season is estimated at 11.2MMT of fodder production with an exportable quantity…

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Basis Commodities – Australian Crop Update – Week 8, 2023

2022/2023 Season (New Crop) – USD FOB NEW CROP PRICES ARE BASED ON TRACK BID/OFFER SPREAD PLUS ACCUMULATION & FOBBING COSTS AND ARE NOT FOB PRICE INDICATIONS. Australian Market Review Domestic markets in Australia were generally firmer in the past week as buyers and traders do their best to purchase available farmer offers to cover off nearby export positions. It was…

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