CHS Accelerate Product

19th Feb 2015

• CHS/Agfarm have re-opened their loan advance product (similar to CBH Prepay).


• A line of credit is established by purchasing inputs from a Ruralco/Farm Works outlet. The loan is repaid by delivering grain to CHS.


• You can purchase seed, fertiliser or chemical and then repay the amount by selling to CHS wheat, barley or canola.


• There is no minimum tonnes required (unlike CBH Pre-Pay) and no need to declare which commodity you will deliver.


• Current interest rate is 5.75%.

CBH Freight Rebate

19th Feb 2015

• CBH have provided a freight rebate to eligible growers for tonnes delivered during the 2011-12, 2012-13 and 2013-14 seasons.


• This is a result of a surplus in the CBH Freight Fund that has accumulated since CBH transitioned into using its own rail fleet.


• Not all sites are eligible and so not all growers receive a rebate.

ABARES Report

11th Feb 2015

• The Australian Bureau of Agricultural and Resource Economics and Sciences released their February Crop Report.


• Australia’s 2014 wheat crop was increased to 23.6mmt (up 0.4mmt on the previous quarter), but down 12% on last year.


• WA wheat production was down 15% to 8.9mmt, with a 17% drop in yield from the previous year.


• National barley production declined by 18% to 8mmt. WA’s estimate fell 19% to 3.1mmt.


• Canola production dropped 10% to 3.4mmt. WA production was down 9% to 1.6mmt.

Product Update: CBH Pre-Pay

10th Feb 2015

• CBH has launched details of their new season offering for Pre-Pay.


• Loan advance has increased to $200/t (was $100/t).


• Funds are now available for drawdown in February.


• Minimum contract size is 300t, with grain to be nominated by 31st of Jan 2016.


• Interest rate is 5.8%.

Pool Update

27th Jan 2015

• CBH will close the Barley and Canola Pools on Friday 30th of January. Anyone contracting via a GAC will have 10 days to deliver against that contract.


• At this stage, the Plum Grove Harvest Pool is expected to close on February 6th, should the market fall the pool will close earlier to protect the equity of pool participants.


• The AWB Harvest Pool closed on the 22nd of January.