BULK GRAIN PRICE UPDATE 6th MAY 2019

.KEY TO PRICING

Price estimates are based on averages & dependent on X-Farm Location or Delivery Methods, Prices indicated below show the fluctuations ▲▼ ◄► from the previous update. Positive short-term pricing outlook (6-8 Weeks) indicated by ✪ Long-Term (3-6 Months) ✪ ✪ Please note listed prices are based on “Supplier Selling Expectations for Today Only” Unless otherwise stated. Prices shown below, show Buyer bid range on the left and seller offer range on the right i.e Barley (bid range $370-$380/ Offer range $385-$405 Please note the “Bid / Offer Ranges are only derived from current markets and reflect both “Trade Buyers & Domestic Buyers AND Trade Sellers & Growers.

See More Live Grain Prices: www.grainpro.com.au

WHEAT
Total Australian Harvest Approx. 17.9 Million Tonnes (14.8t from WA)

Wheat is unchanged again ◄► with Del Melb Bid $400- Offered $410

Australian Wheat Consumption for 2019 is estimated to be approx. 9 Million Tonnes – with a minimum export commitment of 8-10 Million Tonnes.
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AUD ▼ (currently $0.69.7) exports will see a resurgence as Australian Wheat & Barley & Pulses are world renowned for quality. Again when you consider total harvest numbers compared to consumption and export commitments. it seems that reserves will be low or even depleted by May/June/July 2019.

BARLEY
Total Australian Harvest Approx. 5.7 Million Tonnes (3.8t from WA)

Easter Bunny Morphs into a Bull for Barley; Barley is set to continue to rise in the coming weeks leading past Easter 2019 with delivered bids up from last update ◄► Del Melb Bid $388- & Offered ◄► $400+

Australian Barley Consumption for 2019 is estimated to be approx. 3.4 Million Tonnes – With an Export Minimum Commitment of 3-4 Million Tonnes

Grower confidence continuing to strengthen saying with only approx. 5.7 million tonnes of barley in the country and an average Australian consumption of 3.4 million tonnes and a commitment to export min 4 million tonnes to TPP… Average grower expectations ex-farm Victoria ◄► $387 – $400 / Riverina/NSW ◄► $422-$430

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For Firm Pricing & Market Guidance Call GrainPro
Mario: 0412 315 54
Nick : 0457 238 932
Josh: 0455 113 910
Cameron: 0488 400 660
Planting Seed & Fertiliser: 1800 816 887
Hay & Mixed Feeds: 1800 816 887 or Mario 0412 315 548

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Current Bids & Offers For Today 6th May 2019
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BARLEY F1 – Delivered
VIC: MELB ▼ $370-$375 / ◄► $396-$405
VIC GV ▼ $375-$390 / ◄► $412-$420
VIC WG ▼ $400-$410 / ◄►$436-$445

QLD: CQ ◄► $391 – $400 / ◄► $412-$440
DOWNS ◄► $385 / ◄► $400-$440
BRIS FOT ◄► $360-$365 / ◄► $375 – $400

NSW: LLP ▼ $395 – $400 / ◄► $435-$453
RIV ◄► $390-$392 / ◄► $410-$415
NCTL FOT ◄► $375-$380 / ◄►$390-$420

WHEAT min SFW Delivered
VIC: MELB ▼ $375-$380 / ◄► $410-$420
VIC GV ▼ $380-$385 / ◄► $405-$428
VIC WG ▼ $400-$410 / ◄►$425-$432

QLD: CQ ◄► NO Bids / ◄► $430-$455
Downs ◄► $395-$400 / ◄► $410 -$440
BRIS FOT ◄► NO Bids / ▼ $380-$390

NSW: LLP ▼ $395-$410 / ◄►$435-$460
RIV: ▼ $370 -$375 / ◄► $400-$425
NCTL FOT ▼ $365-$367 / ▼ $375-$$390

CHICKPEAS: DCT 18/19
BRIS-SYD (Desi) ▼ $750 -$765 / ▼ $785-$800 (Kabuli) ◄► No Bids / $800-$925
MELB-ADL (Desi) ▼ $750 -$765 / ◄► $800-$815 (Kabuli) ◄► NO Bids / $900-$955

LENTILS: DCT
VIC / SA◄► Nipper $545-$550 / ▲ $585-$600 Nuggets ◄► No Bids / ◄► $600-$640

FEED LENTILS XF:
VIC / SA ◄► $457-$465 / ◄► $475-$480

CANOLA ✪ Delivered
VIC Melb: ◄► $580-$585 / ◄► $647-$650

NSW Syd/Nctl: ◄► $632-$640 / ◄► $655-$660

SORGHUM
CQ FOT ◄► $325-$335 / ◄► $360-$365
DOWNS DEL ▼ $330-$335 / ◄► $370-$385
BRIS DEL ◄►$340-$345 / ◄► $357-$400
NCTL DEL ◄► $370-$375 / ◄► $397-$420
MELB DEL No Bids / ◄► $465-$470 ✪

OATS M1: Delivered
VIC Melb ◄► $520-$530 / ◄► $545-$560
NTH NSW ◄► $550-$560 / ◄► $575-$582

CORN: /19
VIC XF ◄► $454-$467 / ◄► $478-$480
RIV XF ◄► $462-$465 / ◄► $477-$483

LUPINS Round:
VIC XF ◄► $590 -$598 / ◄► $617-$625
WA Origin: Melb FOT ◄► $545-$555 NOT PERMITTED IN NSW

LUPINS Albus: DCT
VIC DCT ▼ $850-$855 / ◄► $1200-$1420 ✪

FIELD PEAS:
VIC DCT ◄► $590 – $595 / ◄► $630-$645

FABA BEANS: DCT
VIC – SA ◄► NO BIDS / ◄► Offers $1000-$1100

COTTONSEED: 2019
MIA RIV ◄► Bids $440-$450 / Offers ◄► $458-$500
NTH NSW ◄► Bids $530-$550 / Offers ◄► $550-$570
QLD Del ◄► $590 / Offers ◄►$610+

IF BUYING OR SELLING CALL: 1800 816 887

Website: www.grainpro.com.au