Elders HY24 earnings at $38.4M down 54pc from HY23

Elders today released its results for the six months to March 31, which include underlying earnings before interest and tax of $38.4M, down from $82.8M in HY23…Read More

Grain Central, May 20, 2024

Sowing roars towards finish as need for rain becomes urgent

Planting of Australia’s canola, wheat and barley crops is racing towards an early finish, as hopes build for widespread rain by early June, and at the outer limit of the ideal planting window…Read More

Liz Wells, May 20, 2024

NSW rice harvest nears end after mixed season

The Riverina rice harvest is nearly over and forecast to yield 600,000t from an above-average season, in contrast to a challenging one in the much smaller Northern Rivers region. ..Read More

Emma Alsop, May 20, 2024

CBH welcomes promising results from Blue Visby shipping trial

Industry-first trials involving CBH Group and aimed at reducing carbon emissions from international shipping have achieved promising results…Read More

Grain Central, May 20, 2024

Dry seeding challenges pre-emergent herbicide efficacy

Many growers across southern Australia are sowing in dry conditions that can impact the efficacy of pre-emergent herbicides. ..Read More

Cindy Benjamin, May 20, 2024

Indonesia’s PKT in talks to buy Incitec Pivot Fertilisers

Incitec Pivot is in advanced negotiations with Indonesian PT Pupuk Kalimantan Timur for the potential sale of its fertiliser business…Read More

Emma Alsop, May 16, 2024

ACCC raises concerns for north over LDC’s bid for Namoi

The ACCC has raised concerns with LDC’s bid for Namoi Cotton, citing a possible lack of competition for the burgeoning northern Australian industry. ..Read More

Grain Central, May 16, 2024

Govt’s biosecurity levy likely to flounder in Senate

Coalition and crossbench opposition looks likely to block the Federal Government’s controversial Biosecurity Protection Levy when it comes to voting time in the Senate. ..Read More

Emma Alsop, May 17, 2024


Daily Market Wire 20 May 2024
Lachstock Consulting, May 20, 2024
Daily Market Wire 17 May 2024
Lachstock Consulting, May 17, 2024

Industry Dashboard

Carbon Trading Market

Aust. Carbon Credit Units (ACCUs) - $/tonne of CO2 equiv.

Today

33.95
Source: Jarden

$A / $US

Updated 7am daily

Today

0.6693
Source: NAB

ASX Market Index

20 May 2024 (updated 10am daily)
Company Price Trending
Elders $8.96
Australian Agricultural Co $1.52
Graincorp $7.29
Ridley $2.12
Woolworths $36.64
Wellard $0.06
Source: ASX

SOI Graph

Southern Oscillation Index (SOI)

Today

-5.86
Source: Australian Bureau of Meteorology

Wheat

APW1 delivered Melbourne

Last Week

376
Source: Lachstock Consulting

Barley

FB1 delivered Melbourne

Today

338

Canola

Spot delivered Melbourne

Today

692
Source: Lachstock Consulting

Sorghum

Sorghum track Newcastle

Today

368
Source: Lachstock Consulting

What readers are saying

Tocumwal corn sets national yield record in mixed season

Couldn't be more proud for their achievement....

J C
More
Revystar on market, Victrato at gate as APVMA chugs through list

The public record shows the Syngenta Victrato cereal (wheat and barley seed) application was submitted with the APVMA on 3rd September 2021. Nominally such an application takes ~15 months....

Simon Christen
More
Australian malting barley cargo heads to EU

Hello Christine. Yes, we believe it is the first for this season. A cargo or two often goes when Europe is having, or has had, a difficult growing season.....

Liz Wells
More
Australian malting barley cargo heads to EU

Very interesting article. Is it the first vessel of malting barley shipped to Europe for this crop? Thanks. ....

BONNENFANT Christine
More

News

Elders HY24 earnings at $38.4M down 54pc from HY23

Elders today released its results for the six months to March 31, which include underlying earnings before interest and tax of $38.4M, down from $82.8M in HY23…Read More

Grain Central, May 20, 2024

Sowing roars towards finish as need for rain becomes urgent

Planting of Australia’s canola, wheat and barley crops is racing towards an early finish, as hopes build for widespread rain by early June, and at the outer limit of the ideal planting window…Read More

Liz Wells, May 20, 2024

NSW rice harvest nears end after mixed season

The Riverina rice harvest is nearly over and forecast to yield 600,000t from an above-average season, in contrast to a challenging one in the much smaller Northern Rivers region. ..Read More

Emma Alsop, May 20, 2024

Indonesia’s PKT in talks to buy Incitec Pivot Fertilisers

Incitec Pivot is in advanced negotiations with Indonesian PT Pupuk Kalimantan Timur for the potential sale of its fertiliser business…Read More

Emma Alsop, May 16, 2024

Weather

Weekly rainfall update + rainfall outlook 15 May 2024

Inland Qld, north-eastern SA, Vic and NSW received totals of 50-100mm in the past week, while south-west WA received 25-50mm. ..Read More

Bureau of Meteorology, May 14, 2024

Weekly rainfall update + rainfall outlook 8 May 2024

WA’s cropping and mixed-farming regions received some much-needed rain in the past week, and widespread falls were recorded in NSW and parts of south-west Qld…Read More

Bureau of Meteorology, May 7, 2024

Weekly rainfall update + rainfall outlook 1 May 2024

Settled weather dominated much of Australia during the week, as a high-pressure system extended a ridge across southern parts of the continent and gradually moved east…Read More

Bureau of Meteorology, April 30, 2024

Weekly rainfall update + rainfall outlook 24 Apr 2024

Rain in Australia’s cropping areas in the past week was largely confined to south-east Qld and northern NSW…Read More

Bureau of Meteorology, April 23, 2024

Cropping

Dry seeding challenges pre-emergent herbicide efficacy

Many growers across southern Australia are sowing in dry conditions that can impact the efficacy of pre-emergent herbicides. ..Read More

Cindy Benjamin, May 20, 2024

National planting passes 65pc in mixed conditions

Planting of Australia’s winter crop is continuing at pace, despite rain being desperately needed in many WA, SA and Vic districts to shore up yield prospects…Read More

Liz Wells, May 15, 2024

Tocumwal corn sets national yield record in mixed season

A mixed season for corn has seen significant fall armyworm damage in Qld and a bumper season with a new yield record set in the south. ..Read More

Emma Alsop, May 13, 2024

QDAF to host online update on fall armyworm

Growers and advisors are invited to register for a fall armyworm update being held online on Wednesday next week…Read More

Grain Central, April 26, 2024

Markets

Feedgrain Focus: Dry south lifts prices

Slow selling from growers and solid export demand has seen prices ratchet up in the past week, with growers flat out planting, and niggling concerns about dry in the south…Read More

Liz Wells, May 16, 2024

Daily Market Wire 20 May 2024

Frost causes Russian crop damage. Canada province planting lags. European wheat/barley forecast lifts despite mixed conditions. Australia moisture remains sub-optimal…Read More

Lachstock Consulting, May 20, 2024

Daily Market Wire 17 May 2024

Wheat values eased in overnight trading with bumper conditions for US HRW a factor, while oilseed markets posted gains…Read More

Lachstock Consulting, May 17, 2024

Daily Market Wire 16 May 2024

Apart from a firming in MATIF wheat, markets closed lower in overnight trading. ..Read More

Lachstock Consulting, May 16, 2024

Sponsored Content

Maximise your nitrogen use efficiency

Targeted timing and amounts of urea applied and using products like Green Urea can all maximise the fertiliser spend and crop yields while reducing the likelihood of volatilisation…Read More

Grain Central, March 19, 2024

AGT Foods Australia builds relationships as part of long game

International and local grower-buyer relationships make AGT Foods Australia a preferred partner for pulse, grain and oilseed trading through its operations in five states…Read More

Sponsored Content, November 29, 2023

Newton winter barley offers latest grain-graze option

SECOBRA barley variety Newton is available through Seednet to offer growers looking to plant as early as the first break some solid weed competition and winter feed with a grain option…Read More

Guest Author, November 6, 2023

Unearth the possibilities of your agricultural business with FarmEye

RCS has provided producers with cutting-edge tools and insights for agricultural economic analysis since 1993. Today, we’re thrilled to introduce you to what we see as the future of business analysis: FarmEye…Read More

Sponsored Content, October 9, 2023

Machinery

National tractor sales drop 25pc over 2023: TMA

National tractor sales in 2023 fell 25pc from 2022, while combine harvester and header sales fell 7pc, according to Tractor and Machinery Association of Australia figures…Read More

Liz Wells, May 2, 2024

Alceon buys 50pc stake in Inverell’s BOSS Engineering

Australian investor Alceon Private Equity is to become a joint owner in BOSS Engineering as it enters its next growth phase…Read More

Grain Central, April 5, 2024

New seeding tech boosts crop potential at Beaumont

Improved seeding technology helped the Inkster family in WA’s Esperance region make the most of the season’s rainfall…Read More

Grain Central, February 2, 2024

Electric tractors lead charge, hydrogen in the wind

Small electric tractors are making their way into Australian agriculture, but bigger machines powered by sources including hydrogen appear to be a European venture for now. ..Read More

Liz Wells, January 24, 2024

Property

Scale comes to market with Qld, NSW holdings

This week we preview Ray Scott Pastoral Company’s six Qld holdings ahead of public listing, as well as Merridale in southern Qld, and NILOC in central NSW.
..Read More

Linda Rowley, May 16, 2024

Banker outlines influences on buying decisions

When it comes to purchasing activity, Rabobank’s Brad James reports steady and confident inquiry for rural assets amid financial issues that can impact buying decisions…Read More

Linda Rowley, May 13, 2024

WALT Portfolio, Gairdner farm for sale in Great Southern

Two holdings in WA’s Great Southern region, the 5595ha WALT Portfolio, and the Wilson family’s 1355ha farm at Gairdner, are for sale…Read More

Linda Rowley, May 9, 2024

Bowen Park, Mallanganee, Bareena join NSW listings sold

Recent sales in NSW include Bowen Park in the Macquarie Valley, Mallanganee at Gurley, and Bareena at Euroley…Read More

Linda Rowley, May 7, 2024

AgCarbon Central

CBH welcomes promising results from Blue Visby shipping trial

Industry-first trials involving CBH Group and aimed at reducing carbon emissions from international shipping have achieved promising results…Read More

Grain Central, May 20, 2024

HFA CEO says hemp offers big carbon-credit opportunities

Around 900,000 annual carbon credits could be activated by using industrial hemp as a rotation crop in NSW and Qld, according to HFA CEO Lauchlan Grout…Read More

Susan Webster, April 29, 2024

Cotton primed for carbon opportunity: Mumford

Cotton growers are in a unique position to capitalise on income opportunities from the growing carbon market, according to environmental scientist Majella Mumford…Read More

Emma Alsop, March 27, 2024

Soil health focus but no carbon project for NSW grower

While building soil carbon in grazing systems has been garnering plenty of attention, Liverpool Plains grower Scott McCalman says it should also be a focus for cropping. ..Read More

Eric Barker, March 20, 2024

Beef Central

Administrator sale of Kimberley Meat Co another sad chapter in northern processing attempts

The fire-sale of assets surrounding the Kimberley Meat Co beef processing plant near Broome in WA’s remote northwest marks another sad chapter in the history of Northern Australian meat processing...Read More

Elders reports $14.4 profit after tax in HY24 results

Australian agribusiness Elders today released its half year results for the six months to 31 March 2024, which includes $38.4 million underlying earnings before interest and tax (EBIT) and an announcement..Read More

NACN Biosecurity Brief – Protecting Australia from the Top

The Northern Australian Coordination Network (NACN) is an initiative that brings together the Northern Territory, Queensland, Western Australian and Commonwealth Governments with key industry partners, to further develop our capabilities..Read More

Brian Pastures Research Facility 2024 Field Day

A major field day to be held at Brian Pastures Research Facility on Wednesday, 29 May will showcase a number of research projects currently being undertaken on site. ..Read More

Sheep Central

Farmers vote no confidence in Albanese and seek Watt’s removal

FARMER anger over the May 2028 live sheep trade phaseout announcement continued this week with a vote of no confidence in the Albanese Government and a call for the removal..Read More

Sheep and wool are ‘sacrificial lambs’ on live export – Moses

AUSTRALIA’S sheep and wool industries, and regional communities, are being treated as sacrificial lambs to meet other political agendas, according to New South Wales wool broker Moses and Son managing..Read More

Wool trade policy program not funded in Federal Budget

PEAK wool grower body WoolProducers Australia has described the Albanese Government’s budget denial of $2 million to establish a trade policy program as another “kick in the teeth” for Australian..Read More

Federal Budget light on good news for ag sectors

THE 2024-25 Federal Budget has received mixed reviews from the agricultural sector, with industry groups criticising the live sheep trade transition package and the absence of new infrastructure and drought..Read More

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