AWB Pool Update

25th Jul 2014

• AWB have revised their 2013/14 Wheat Harvest Estimated Pool Return following the fall in US wheat futures over the last few months.


• Pool returns have been lowered by $2-$3/t for WA.


• The estimated pool return for APW2 is now $300/t FOB, with ANW1 at $320/t FOB.

Product Update: AWB Floating Spread Barley

23rd Jul 2014

• AWB are now offering floating spread multi grade barley contracts in Kwinana and Albany zones.


• Current varieties are Baudin, Buloke, Commander and Vlamingh.


• Need to declare variety at time of contracting.


• The malt/feed spread is locked in on the 15th of October 2014, if you don''t lock in prior to this date. You have one opportunity to lock in the malt/feed spread.

CBH Pre-Pay

4th Jul 2014

• Funds can now be drawn down against approved CBH Pre-Pay facilities @ 6.5%.


• For further information please visit the CBH website.

Toepfer Changes to ADM

2nd Jul 2014

• Toepfer prices will now be listed as ADM after being integrated into the Archer Daniels Midland business.


• ADM purchased the remaining 20% stake of Toepfer from In Vivo.


• All existing Toepfer contracts will be honoured by ADM.

Mitsubishi and Olam Partnership

25th Jun 2014

• Mitsubishi Corporation has reportedly paid $64 million for an 80% stake in Olam International.


• Singapore based Olam will retain the remaining 20% stake. Olam is the owner of Qld Cotton who had been buying wheat here in WA for the last few years.


• The new company will trade under the company name Agrex Australia.