Australia: Cottonseed out, south slow on volume

regions, although some short covering of wheat and barley is creating some near-term business. On the export front, southern barley is being accumulated, and providing competition to consumers who were expecting prices to be pressured by harvest volumes, as can sometimes occur in mid-November. Table 1: Indicative prices in Australian dollars per tonne. Trade sources say feedlots have jettisoned cottonseed from their mix due to its expense relative to canola meal, and difficulty in executing contracts. “I’m completely out of cottonseed until May; we’re on full canola meal until then,” one buyer said. Industry estimates say plenty of cottonseed remains in the trade’s hands, but the price has climbed in recent weeks to $580-$600/t delivered. “Canola meal is $525/t delivered; it doesn’t make sense to feed cottonseed.” Some smaller feedlots are continuing to use cottonseed because of it is easier for them to store and handle than canola meal. However, smaller yards’ inclusion rates for ...