Commodities
Wheat
$267/t (APW) Down -3.6% Wheat prices have little upside, with cash prices high on most measures. Recent rain may have helped to re-balance feed, mill and export demand.
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Source: Bartholomaeus Consulting
Barley
$239/t (feed) Down -2.0% Rain induced downgrades have shifted focus of feed markets away from competing for high protein grades, to lower quality feed grades & lowering prices
Source: AWB
Sorghum
$304/t Steady Recent rain has been beneficial for sorghum which is off to an excellent start. Follow up rain will be needed in January to maintain yield potential.
Source: Ag Scientia
Cotton
$545/bale Up 1.1%
Cotton prices peaked close to contract highs, with spec long interest increasing, strong US export sales and low contract cancellations from China.
Source: Namoi Cotton
Oilseeds
(Canola) $565/t Down -0.2% Canadian canola futures are being supported by a high oil content harvest, meaning oil yield will be up compared to other crops & supporting basis.
Source: Grainews
Pulses
(Chickpeas) $700/t Steady
Russia & the EU pulse production soared in 2017 with output up between 27 and 70% respectively. Local prices are reflecting competitive global supply.
Source: Agrimoney
December 2017 figures
