Australia: Western Australia lupins help cover last drought needs

yield potential. In the south, recent rain and lengthening days have crops ready for a growth spurt when the weather warms up, but growers are in the main too uncertain about yield prospects to commit to forward sales. Table 1: Indicative prices in Australian dollars per tonne. Containerised and bulk high-protein wheat is continuing to make its way out of Brisbane, and accumulation is ongoing for an unseasonal cargo of feed barley. “There’s a real stand-off at the moment; the trade is seeing the north as the cheapest origin…and the grower is not willing to accept the price. “The grower didn’t like the price for seven months, and they still don’t like it now.” It means the trade is having to cover some short positions into feedlots and export in what looks like being a short-lived rally. After a stellar start to the season, some crops from the upper north-west plains of NSW through to Central Queensland could do with at least 25mm of rain in coming weeks to shore up yield ...