Market Report 18052015

BAROOGA AGRIPRODUCTS P/L
GRAIN MERCHANTS
ABN 22 123 379 000
PO Box 14
BAROOGA NSW 3644
(p) 03-58752222
(f) 03-58752259
(e) [email protected]
(w) www.baroogaag.com.au
GROWER MARKET UPDATE 18/05/2015
International Markets
International markets rallied last week on most commodities, AUD$ up against the USD$ and in generic terms it
appears that most markets are being supported on both sides. Most regions are well under way with sowing and
whilst we have seen some rainfall we are certainly looking for a decent rain when sowing is completed. There looks
like a reasonable front heading from west to east over the next 7 to 10 days so we may get what is needed!!
Weather http://www.bom.gov.au/jsp/watl/rainfall/pme.jsp
Old Crop values have eased slightly over the past 2 weeks with very limited opportunities to capture any premiums.
Exports markets particularly quiet on protein wheat but we may see that change soon?? There are domestic buyers
but it looks at the moment that APW/ASW/SFW are all headed for feed mills. Barley values are not too bad given the
supply/demand ratio as we head into the 3rd quarter (July/Aug/Sept).
Current indicative delivered Melb/Geelong markets for May/June.
H2
sellers at 300 no buyers
APW sellers at 295 no buyers
ASW buyers at 285 and sellers at 292
SFW buyers at 280 and sellers at 285
FB1
buyers at 280 and sellers at 285
Limited buying interest on old crop malt1 and whatever there is, is variety specific with no major spread on prices.
Feed oats buyers at 310 sellers at 360
Milling oats buyers at 360 sellers at 390
Lupins sellers at 460 not too many buyers at these levels.
NEW CROP - Track Geel/Melb less GTA location differentials for up country delivery Nov/Dec.
Indicative Only
APW
283
H1 + 17 H2 + 7 ASW – 15 AGP – 30 FED 1 -45
MALT
BA1 297 GA1 294 SCOPE1 284 HIND1 274
FB1
259
Canola
488 ( +/- oil/admix) 42% oil basis.
Cheers and Thanks
Andy Leighton-Daly
(p) 03-58752277
(m) 0428734029
(e) [email protected]
(w) www.baroogaag.com.au