Grain Marketer Australia, Grain Marketing, Grain Market Prices, Wheat Prices, Emerald Grains, Eyre Peninsula, Wheat Pool Prices

 

Pool Update 2009/10

 

1 July 2009

 

EP Grain 2009/10 pool update July Early Order Premium +PLUS offer

 

 EP Grain today announced strong July premiums for growers through the Early Order Premium +PLUS (EOP) program across all 2009/10 pools.

 

The strength of the July EOP delivers notable value for growers as crop conditions start to look positive across the country. Recent rains have been very positive for the coming season and EP Grain has held its EOP unchanged for July to allow growers who may not have had the confidence in the season during June, to now commit. The guaranteed minimum price (GMP), a feature of the program from March through to June is not available for July.

 

Wheat

The EOP for July is $13 per mt. This is on top of the estimated pool return (EPR) of $310 per mt with a maximum cancellation fee of $18 per mt. While general global wheat markets are coming under pressure, EP Grain continues to be active in looking for opportunities to capture value for pool participants with this reflected in the EOP.

 

Over the last month we have seen US futures fall, while the strong AUD has remained firm, which has unfortunately weakened local values. Northern hemisphere wheat crops are looking in reasonable shape and as such markets seem comfortable with the global wheat balance sheet moving into the 2009/10 marketing year.  On the physical market, international FOB values have weakened on the back of weak consumer demand as well as new export market supplies from India and Pakistan. Russian and Black Sea wheat remain plentiful. New crop production is close to arriving and has seen Black Sea marketers aggressively price old crop stocks to make room for new crop supplies which are forecast to stretch storage and port infrastructure.

 

 

	Wheat ($AUD/t)	Barley ($AUD/t)	Canola ($AUD/t)
Estimated pool return (EPR)	$315	$245	$570
Early order premium	$13	$7	$14
Maximum cancellation fee	$18	$15	$25

 

For more details click here

 

 

  

Pool Update 2008/09

 

17 June 2009

 

EP Grain 2008/09 pool update - June

 

EP Grain today announced updates to its 2008/09 season estimated pool returns. Barley and canola pools are to remain unchanged however wheat estimated pool returns have been reduced following a continued appreciation of the Australian dollar.

 

Wheat

Following a weaker US dollar and a continued strengthening Australian dollar, all EP Grain wheat pools have been lowered by $4 per metric tonne (mt). 

 

While demand for Australian wheat remains steady, the rising Australian dollar has meant Australia's price competitiveness has been eroded, while the weaker US dollar has assisted US wheat competitiveness, particularly against Australian wheat in higher quality wheat markets.

 

The moves in foreign exchange rates have also been coupled with a sharply weaker US futures market in recent weeks, resulting in a general decline in international wheat values.

 

While some dry weather may impact on parts of Europe, it’s not viewed as sufficient to cause major production declines across the northern hemisphere where the expectation of a good harvest remains. Other negative supply news includes India's planned entry into the wheat export market and Russia's continuing release of large volumes of milling wheat stocks on to the market.

 

EP Grain 2008/09 wheat pool estimated pool return (EPR) base rate ($AUD/t) by grade delivered FOB
Grade	EPR	Grade	EPR
H1	$337	ASW1	$305
H2	$329	AGP1	$300
AUH2	$320	AUW1	$277
APW1	$320	FEED	$217

 

 For more details click here

 

 

 

Pool Update 2009/10

 

1 June 2009

 

EP Grain 2009/10 pool update - June

 

EP Grain today announced changes to its 2009/10 season estimated pool returns and Early Order Premium +PLUS offer.

 

Wheat

The Early Order Premium +PLUS offer has been reduced by $1 per mt with the estimated pool returns (EPR), guaranteed minimum return (GMP) and maximum cancellation fees remaining unchanged. New crop wheat markets remain steady with current gains in US futures countered by a firming Australian dollar. New crop wheat production levels are still creating nervousness in the market with particular focus on northern hemisphere crops as they near the harvest window. Volatility will be a feature of wheat markets until the commencement of the northern hemisphere harvest, yields and crop quality is known.

 

	Wheat ($AUD/t)	Barley ($AUD/t)	Canola ($AUD/t)
Estimated pool return (EPR)	$325	$245	$585
Guaranteed minimum pool return	$230	$150	$455
Early order premium	$13	$7	$14
Maximum cancellation fee	$18	$15	$25

 

For more details click here

 

 

Pool Update

20 May 2009 

EP Grain 2008/09 pool update

 

EP Grain, today announced updates to its 2008/09 season estimated pool returns. Barley and canola pools are to remain unchanged however wheat estimated pool returns have been lowered slightly following a continued appreciation of the Australian dollar and selling pressure from other quality international markets.

 

Wheat

 

A sustained appreciation of the Australian dollar has pressured local grain markets and impacted on the EP Grain 2008/09 wheat pool estimated pool returns (EPR) with a lowering of between $2 and $4 per metric tonne (mt) on all grades. While US futures have remained firm in recent times, in Australian dollar terms we have seen weakness across all grades.

While demand for Australian wheat remains, we are seeing strong selling pressure from quality wheat origins in the European Union and Canada and lower quality wheat origins such as the Black Sea, with prices currently around a USD$50 discount to Australian APW FOB values in some instances. This is naturally pressuring Australian physical wheat prices irrespective of recent movements in US futures markets.

 

EP Grain 2008/09 wheat pool estimated pool return (EPR) base rate ($AUD/t) by grade delivered FOB
Grade	EPR	Grade	EPR
H1	$341	ASW1	$309
H2	$333	AGP1	$304
AUH2	$324	AUW1	$281
APW1	$324	FEED	$221

 

For more details click here

 

Pool Update - April 2009 

EP Grain 2008/09 pool update

EP Grain, Eyre Peninsula’s own grain marketer, today announced changes to its Emerald Group Australia (Emerald) managed wheat and barley pools while canola remained unchanged.

 

Wheat

Emerald’s 2008/09 estimated pool return (EPR) for wheat has been adjusted slightly lower - by $2 per metric tonne (mt) across all grades to $328 FOB (APW1). This follows an easing of international milling wheat values over recent weeks as a result of a continuing weakness in US wheat futures. In addition, there remains significant supplies of old crop wheat still to be marketed and new crop wheat in the northern hemisphere is close to being harvested, further adding to stocks in EU and FSU-12 countries which has resulted in aggressive pricing. Despite the current state of the Chicago Board of Trade (CBOT) futures market and the strengthening Australian dollar, which has seen a considerable drop in overall wheat prices, Emerald’s hedging and pool marketing program has meant only a $2 per mt reduction in milling wheat grades for the 2008/09 pools.  

For more details click here

 

17 April 2009

 

EP Grain returns Iraq wheat market back to Eyre Peninsula growers

EP Grain, Eyre Peninsula’s own grain marketer today announced its first shipment of quality wheat to go to Iraq, returning the Iraqi wheat market back to Eyre Peninsula growers. 

 

A 50,000 metric tonne (mt) shipment of quality Eyre Peninsula wheat is due to load from Port Lincoln on the ‘MV Hellenic Sky’ next week.

 

EP Grain Chairman, Mike Chaseling, said that the sale was a strategically important one for the company as it reflected the focus on quality as well as the strength of the EP Grain business model.

 

“The EP Grain board is very pleased with the efforts of our marketing team and staff on the ground in making this opportunity possible.  It shows what can be achieved when we work together with a common purpose, Mr Chaseling said. 

 

“EP Grain brings together our farming community and marketing expertise and this approach is delivering more control and transparency to local growers for their grain marketing.  The company has focused on quality because that is what our growers wanted us to do.”

 

For more details click here