
Changes to local wheat forecasts crunching basis
Last week we looked at the Australian Bureau of Agricultural and Resource Economics and Sciences Crop Report, noting the strong growth in the forecast for

Last week we looked at the Australian Bureau of Agricultural and Resource Economics and Sciences Crop Report, noting the strong growth in the forecast for

Picture if you will, a rock climber, gradually, step by step, grasp by grasp, pulling themselves up the face of a sheer rock wall. This

The seasons in the north and south couldn’t be more different in terms of rainfall and crop progression. While somewhat overshadowed by market movements, the

The United States Department of Agriculture is forecasting a record soybean crop in the US, as large plantings and good growing conditions continue to see

Having briefly flirted with prices below 500c/bu, the CBOT Dec ’24 contract is relatively unchanged week on week after some minor adjustments were made to

While growers don’t like to see wheat prices making new milestones to the downside, for consumers it can create opportunities. This is when grain consumers

This week has been more of the same as wheat continues to spiral down the proverbial gurgler. The annual Profarmer tour of the US is

The August ‘World Agricultural Supply and Demand Estimates (WASDE) was released last week, and it yet again gave us a tightening picture for wheat stocks.

The week started with a whimper and ended with a submissive shrug. An almost perceptible ‘meh’ permeated the CBOT wheat pit after the USDA report

International canola prices have continued to bounce around in the face of fluctuations in seasonal growing conditions and harvest weather. Locally canola values haven’t been

The start of the week saw a strong financial market ‘correction’ as concerns were raised that the US was at risk of a recession and

Pulses plantings are on the rise again, with the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) forecasting record production in 2024-25. It’s
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