Harvest Happenings

[malleefarmer]

Been meaning to mention feed barley worth more than malt as of friday.

$1.20 per tonne ahead

[malleefarmer]

Got paid for first parcel of canola sold on monday

Oil was 46.3.

Picked up $36.80 in oil bonus.

Took it to $619.15at elevator, minus my freight to elevator $13.

Delivered one load at 48.1% oil thats gonna be handy bonification

[Rareearth]

Your canola pricing is interesting.

So much for harvest lows, 😳

Interesting how your pricing is higher than ours here.
- We have a large North American market , can’t be a freight issue
- we have a large crush industry, so local crush vs export market, so you would think that it’s competitive


Anyone know why?

Another reason export sales are needed - prime example?

[farmaholic]

Your canola pricing is interesting.

So much for harvest lows, 😳

Interesting how your pricing is higher than ours here.
- We have a large North American market , can’t be a freight issue
- we have a large crush industry, so local crush vs export market, so you would think that it’s competitive


Anyone know why?

Another reason export sales are needed - prime example?

Rareearth, most of the domestic crush plants are also owned by exporting GrainCos. So in my egotistical opinion there isn't as much competition as meets the eye.

[Blaithin]

Probably a large part is supply.

Australia grows what, 4 mmt of canola a year?

Also North America has a competing soy bean market. I’ve never heard of soybeans as a large crop in Aus.

[malleefarmer]

Cant give youva answer domestic crush here minimal.

Close to south east asai perhaps.

Today saturday @m only about six buyers active some samecas yesterday some down $2 despite rise in futures market

Australias canola cropbwithout doubt will be biggest in history.

Guess were picking up the slack in Canadas shortage.

Market intelligence suggest world canola supply is only going to be down a few % in whole wash up hence aussies are active sellers at these prices farmers and exporters alike.

[malleefarmer]

FYI

Rough calculations cost me $230 per ha to grow my canola farmer seed of course.

Income $591 per ha.

Yield 0.96 t ha

[malleefarmer]

Yeah yeah hear you guys giggling

[LEP]

Yeah yeah hear you guys giggling

Not giggling here. It's all about the margins and it is nice to have a big one.

Is the 3 tonne/ha still a possibility?

[malleefarmer]

Not giggling here. It's all about the margins and it is nice to have a big one.

Is the 3 tonne/ha still a possibility?

Thats the barley nudey run field should get thereby monday weather permitting.

Just checked canola it appears australia has 53% of EU market ukraine has 36% then the rest.

EU pay for oil and apparently like australias clean green canola. Doubt it we use chems as well maybe not as much. Insecticides only when needed myself put it on the seed job done.

A bit of papervwork to get EU accredited but not that hard

Ps eu canola pays a premium at elevator

[malleefarmer]

Said all along our crop would be huge. Starting weigh on wheat barley and canola markets.

The #Aussie #wheat crop keeps getting bigger with #ABARES revising their national wheat production forecast to 31.5MMT (the second highest on record). #NSW accounts for 12.2MMT of the total which is nearly 2.5MMT higher than the record breaking season of 16/17.

Edit just reading many think Abare same as usda or stats can, have underestimated the crop a whole heap gonna be biggest ever by a mile.

I’m in that camp

[malleefarmer]

Delivering all malt barley as feed at moment. Many days malt1 top grade is at a discount of a buck or two.

[woodland]

Delivering all malt barley as feed at moment. Many days malt1 top grade is at a discount of a buck or two.

Feed wheat is worth more than a #1 milling currently here. Feed grain prices keep creeping up here slowly.

[malleefarmer]

Feed barley dropped $15 today.

Down to $175 on farm.

Coming to the prairies dunno.

Our local elevator they have upped it to 500,000 tonne bunkers being constructed daily.

[malleefarmer]

CBiT Mch wht down A$3.98/t on Fri night & down A$17.06/t for the week. Losses driven by much bigger crop estimates for Canada & Australia. Strong export competition from Russia also hitting the market. US winter wht conditions also improved.

Spead between milling grades non existant.

Same your way I’m sure