Welcome to GrainPro’s Market Update for today the 12 June 2019
This is the first of a weekly series of Australian Grain Market Updates, in which we will highlight current bids and offers, buyer & seller sentiment, weather & touch on overseas markets.

Please feel welcome to participate, send us photos, video clips and or editorial on what’s important to you.

Send to: mario@grainpro.com.au or call 0412 315 548

In future reports we will be inviting commentary from other industry players including farmers, buyers, brokers, merchants, associations and Government to give you a broader perspective on Australian Grain Market activity & issues.

 It’s been an interesting, volatile and of course uncertain first 6 months to say the least.
 We’ve seen some of the highest prices in over a decade
 One of the Worst droughts in 74 years some say one of the worst droughts ever.
 Resulting in large scale destocking…..
 The mass movement of grain from WA to the East coast
 We saw the downward spiral of barley after China’s anti-dumping application.
 And of course in fear of critical shorts and escalating prices the importing of wheat from Canada.
 We saw Hay prices skyrocket late last season, and now again this year; as early as June.. with end users now struggling to find good quality affordable hay anywhere.
In our eyes.. one of the biggest surprises has been pulses..

Who would have thought Faba beans could fetch $1200 DCT Melbourne? .. Victorian origin Lupins $615+ on farm & then at the other end chickpeas & lentils still struggling because of tariffs

Fear of escalating grain prices and critical shorts raises questions, as to how much grain is actually left in Australia?

Visit GrainPro’s YouTube Page To See Update:  https://youtu.be/VKANZKDiQnk

Grain Hay & Fertiliser Price Update as at 12th JUNE 2019

TODAY’S GENERAL MARKET INDICATIONS
AUD/ USD ▼ $0.69.6… !
US Market Jumps After USDA Report
BEANS ▲ CORN ▲ WHEAT ▲

AUSTRALIA
CEREALS:
BARLEY ▼ WHEAT ▼ OATS ▲ CORN ◄►

PULSES
LUPINS ▲ FABA BEANS ◄► PEAS ◄► CHICKPEAS◄►

OIL SEEDS
CANOLA ▲ SAFFLOWER ▲ SUNFLOWER ▲

TODAY’S MARKET PRICES 12th June 2019

BARLEY F1 – Delivered Bids & Offers
VIC: MELB ▼ $15 /$360-$385 / ◄► $415-$440
VIC GV ▼ $15 /$385-$400 / ◄► $420-$450
VIC WG ▼ $15 /$395 -$415 / ◄► $450-$465

QLD: CQ ▼ $5 /$415 – $420 / ◄► $432-$440
DOWNS ▼ $5 /$415 – $420 / ◄► $430 – $445
BRIS FOT ▼ $20 /$388-$390 / ▼ $10 /$410 – $425

NSW: LLP ▼ $2 /$420- $425 / ◄► $452-$465
RIV $412 – $415 / ◄► $432-$440

NCTL FOT ▼ $10 /$377-$390 / ▼ $17 /$400-$415

SA – ADL FOT: ◄► $340-$345 / ◄► $355-$365
SA STH EAST: DEL: ◄► $357-$365 / ◄► $395-$405

WHEAT Min ASW Delivered Bids & Offers
VIC: MELB ▼ $405 -$410 / ◄► $432-$445
VIC GV ▼ $407-$410 / ◄► $432-$442
VIC WG ▼ $425-$430 / ◄► $447-$465

QLD: CQ Del ◄► $425 – $440 / ◄► $450-$458
DOWNS Del ◄►$420 – $425 / ◄► $445 -$455
BRIS FOT ◄► $405 / ◄► $410-$415

NSW: LLP ▲ $432 – $440 / ◄► $455 – $460
RIV: ▼ $10 /$410 -$415 / ◄► $432-$445
NCTL FOT ▼ $23 /$390 / ▼ $15 /$400 – $415

SA – ADL FOT: ◄► $345-$355 / ◄► $375-$395
SA STH EAST: DEL: ◄► $387-$395 / ◄►$405-$425

CHICKPEAS: Export DCT Bids & Offers
BRIS-SYD (Desi) ◄► $725 – $730/ ◄► $875 – $900 (Kabuli) ◄► NO BIDS / ◄► $1060-$1150

MELB-ADL (Desi) ◄► $740 – $750 / ◄► $875-$900 (Kabuli) ◄► $800-$810 / ◄► $1055-$1150

LENTILS: Export DCT Bids & Offers
VIC / SA ◄► Nipper $565-$575 / ◄► $610-$620 Nuggets No Bids / ◄► $610-$640

FEED LENTILS: Farm Gate Bids & Offers
VIC / SA ◄► $457-$458 / ◄► $475-$480

CANOLA Delivered Bids & Offers
VIC Melb: ▲ $3 /$625 – $627 / ◄► $670-$690

NSW Syd/Nctl: ▲ $3 /$638-$640 / ◄► $685-$690

SORGHUM
CQ FOT ◄► $337-$345 / ◄► $362-$370
DOWNS DEL ◄► $362 – $367 / ◄► $372-$385
BRIS DEL ◄► $387-$390 / ◄► $410-$420
MELB DEL No Bids / ◄► $465-$470

OATS M1: Delivered Bids & Offers
VIC Del Melb ▲$20 /$552-$555 / ▲ $560-$570

WA OATS: Pickup Bids & Offers
NTH NSW NCTL FOT OFFERS ONLY ▼ $10 /$535 – $555
NTH NSW PARKES FOT OFFERS ONLY ◄► $580-$587

CORN: /2019 Farm Gate Bids & Offers
VIC XF Feed ◄► $455-$460 / ◄► $482-$485
RIV XF Grit ◄► $475-$485 / $495 – $500
NTH NSW DEL Grit ◄► NO BIDS / ◄► $557-$565

LUPINS Round: Farm Gate Bids & Offers
VIC XF ◄► $615 -$620 / ◄► $630 – $635

Pickup Bids & Offers
WA ORIGIN LUPINS: Melb FOT ▼ $20 /$525
WARNING: NOT PERMITTED TO BE TRANSPORTED INTO NSW

LUPINS Albus: Export DCT Bids & Offers
VIC DCT ◄► $1000 / ◄► $1200-$1420 ✪

FIELD PEAS No1s: Export Bids & Offers
VIC DCT ◄► $545 – $550 / ◄► $625-$635

FABA BEANS NO1s Export Bids & Offers
VIC – SA ◄► $845 / ◄► Offers $1000-$1100

COTTONSEED: 2019 Ex Gin Bids & Offers
MIA RIV ◄► Bids $465-$475 / Offers ◄► $485-$510
NTH NSW ◄► Bids $522-$525 / Offers ◄► $558-$570
QLD Del ◄► $525 / Offers ◄► $552

For Firm Pricing & Market Guidance Call GrainPro 1800 816 887