Basis Commodities – Australian Hay Update – Monday 23rd January 2023

With the 2022/23 growing and baling production behind us, Australia now focuses on exporting what fodder was produced this season. Many regions within the country have suffered greatly due to flooding and the eastern hay crop has been removed from the balance sheet for exportable quality. Much of this year’s exportable crop will leave from…

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Basis Commodities – Australian Crop Update – Week 3, 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. The Australian cash markets saw milling wheat grades moving lower while feed grains moved higher. Western Australia (WA) was the exception where the bids were little changed for the week. Stronger feed grain values are a…

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Basis Commodities – Australian Crop Update – Week 2, 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. Happy New Year and welcome to 2023. We hope you all enjoyed the festive period and made time to relax with family and friends. We’re looking forward to a fantastic year ahead! The past week…

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Basis Commodities – Australian Crop Update – Week 51, 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. Another week of mostly fine weather made for another big harvest week last week. As of the 12th of December, the main bulk handlers had received over 24MMT of grain. There have not been any major…

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Basis Commodities – Australian Hay Update – Friday 16th December 2022

The Australian hay season has been summarised to date as two sides of a coin. East coast and Southern states hay received significant untimely weather over the course of the growing season which has pushed yields higher but downgraded quality reducing the export options. On the other side of the coin, in Western Australia, the season has been exemplary,…

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Basis Commodities – Australian Crop Update – Week 50, 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. Australia’s winter grain harvest is now progressing quickly after the slow start. All the major storage companies are reporting strong weekly grain deliveries and the fine weather over the past week will ensure this…

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Basis Commodities – Australian Crop Update – Week 49

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. We have had another good week of harvest progress this week. Queensland wheat harvest is now more than 80% complete, New South Wales is approaching 33% complete while Victoria is less than 20%. The…

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Basis Commodities – Australian Crop Update – Week 48

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. A week of dry weather across the country pulled the domestic cash markets sharply lower last week and that weakness has continued on the back of improved weather on the east coast as well…

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Basis Commodities – Australian Crop Update – Week 46 2022

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. Mostly dry and warmer weather in the coming days is conducive to harvest activity this week. Queensland and Northern NSW will see warm weather before storms arrive on the weekend. Southern areas across eastern…

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Basis Commodities – Australian Crop Update – Week 45 2022

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. orrential weekend rain across New South Wales and parts of Victoria and South Australia is expected to result in quality downgrades. NSW copped the worst of the rain with 40-70mm across most areas and…

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