WA Wheat Market Update

7th March 2012

· Mar-12 wheat and corn ended the week 27 and 18 USc/bu higher, respectively.  · Dec-12 wheat went through 700 USc/bu last week. · After a four month absence China purchased US corn. Their local prices are at near record highs and it is cheaper for... Read more

Looking towards 2012/13 Harvest:

20th February 2012

A common breakeven figure in 2012 budgets in WA is around $250-270/mt FIS for wheat (using 10 year average yields and budgeted incomes for other commodities). There is upwards of $50/mt variation around this breakeven figure between businesses. What is yours? With new crop 2012 prices... Read more

Noodle Wheat

20th February 2012

MAFF announced last week a return to the traditional blend of 60% ANW1. There was no immediate price reaction, with the ANW1 spread remaining close to zero. In our view this may see a relative tighter stocks situation for ANW1. Full article available to MarketAg clients.... Read more

Australian Dollar Weekly Update

18th January 2012

Aussie Dollar last week rallied from 1.03 up to just under 1.05. Market pricing in 85% chance of RBA dropping rates on 7th February. European Central Bank appears to be adding some confidence to the market by underwriting bank funding costs. Although we are... Read more

Cash Advance Products: CBH & Emerald

17th January 2012

These products provide a handy source of working capital and are another alternative to pool finance and/or bank debt. If using these products we would keep the proportion sold to each merchant at conservative levels (say Cash Contract to sell grain now without... Read more