Grain Brokers Australia News Archives | Grain Brokers Australia
Grain Weather Risk Protection Market Update 05.10.18
Weather is one of the most difficult risks to manage in agricultural businesses. David Syme talks through how growers can financially protect their income from the impact of weather events.
Frost – Special Market Update, 21 September, 2018
After the weather events over the past week, many of our members are faced with challenging circumstances. The dreaded ‘F’ word is something close to the heart of our Albany broker, Sheldon Miller, who grew up on a farm. He talks through a few tips to help you manage your situation.
- Get in front of the situation and keep as much in your control as possible.
- Information is your friend so arm yourself with as much as you can.
- Two sets of eyes are better than one so take a look at your crop with someone.
- Take a moment and have a break
- If you think you will have production issues, please get in touch with your broker who is more than happy to discuss your options.
- Remember, you are not alone so make sure you reach out to your support network if you need to.
2017/18 Grain95 program generates a final average return of $20.65 per tonne
Performance of Local Grain Markets in 2018
Grain prices rebounded in late January and continued to rally through the first half of 2018. The basis and depreciation of AUD/USD spot rate have been responsible for the improvement in cash price based on the failed crops on the East Coast, and the requirement for supply replenishment of grain into the drought-ravaged regions through VIC, NSW and QLD. Futures in the first half of the year have been characterised by downward volatility stemming from the Chinese US-led tariff trade wars. The diminished size of the Black Sea crops plus dry weather across the US plains contributed to upside volatility of futures. The program capitalised on the swings in futures with call strategies until late June 2018.
Grain95 As A 2018/19 Marketing Strategy
Both the 15/16 and 16/17 and 17/18 Grain95 programs performed strongly in comparison to local cash and pool markets and we will again be offering the program in 2018/19. We view Grain95 as one of many grain marketing options, is a proven strategy to diversify your portfolio, and should again be considered if you are looking to protect a minimum price while remaining exposed to potential upside in futures. However, this is not a product whereby you should market a large proportion (over 20%) of your grain and should be used in conjunction with other marketing strategies.
Grain Brokers Australia Marketing Products
Grain Brokers Australia has a range of products along with Grain95 that may be beneficial to your marketing program;
- GrainAdvance is a cash advance product for wheat, barley, canola and lupins that pays 70% of grain value during harvest but allows you to sell at a later point in time up until September 30. This strategy allows you to receive harvest cash-flow but remain 100% unsold to capitalise on potential rallies in local markets. GrainAdvance proved to be the strongest marketing strategy this year.
- GrainFlexi is a product recently offered that allowed contracting of wheat with the option of delivering either this year or next. Our flexi-season contract helps limit wash-out risk if production is not met during harvest, but can also allow you to take advantage of forward pricing by contracting again at harvest if values are higher.
How Grain95 Works
Grain Brokers Australia remit you 95% of the best brokered price on the day. The remaining 5% of the value is invested in Chicago derivatives providing the opportunity to capitalise on any upsides in grain markets.
Find out more
At Grain Brokers Australia we offer a diverse portfolio of grain marketing solutions that give you the opportunity to capitalise on market movements.
If you have further questions about our 2017/18 Grain95 program or wish to participate in one of our programs this upcoming season, please contact Matt Tolmachoff on 0418 790 042 or Sarah Woolford on 0455 111 779.
Grain Brokers Australia are excited to announce exciting new staff appointments in Western Australia.
“We are pleased to have been able to employ new long-term Agribusiness professionals to join and strengthen our team,” said Jeff Winspear, Director of Grain Brokers Australia.
Tristan Jones joins the Kwinana office with 12 years’ experience and will take on the role of Senior Broker. “Many of our grower clientele will be familiar with Tristan as he was previously with the CBH Co-op,” said Jeff.
Grain Brokers Australia is certain he will add a depth of experience to the local team as well as being key assistance to the Head of Brokerage Matt Tolmachoff as the rollout of the company’s national strategic footprint continues.
Sheldon Miller joins the Albany office bringing first-hand grain experience having previously been a farmer, and most recently working with growers specialising in fertiliser supply. “Chad Jefferis, our Senior Broker in the Southern Zones, is looking forward to introducing Sheldon in the coming week,” said Jeff.
Alisha Chinner is also a new appointment who will specialise in the South Australia and Victoria border region markets. Her office is in Lameroo meaning easy access for many clients.
“Alisha has eight years of marketing experience, and has built many strong relationships with growers and end-users in the grain industry,” said Jeff.
The Perth office administration and finance team has also been bolstered with Kirsten Ross stepping up to the important role of Operations Coordinator for Grain Brokers Australia. “Kirsten has a great depth of understanding of the business having been a key employee for the last six seasons,” said Jeff.
“We also have a new Management Accountant, Steve Brandenburg, who was originally a farmer from Kukerin,” said Jeff.
“Steve brings over 25 years accounting and commerce experience and has previously worked for Wesfarmers CSBP and more recently in the mining industry,” said Jeff.
As part of Grain Brokers Australia’s Graduate Program, Will Gaze joins the Perth team as Broker Associate. Will hales from Borden where his family are local, well-respected growers.
Jeff says, “It is imperative on our business to grow from within, and with this in mind, we have selected an Agribusiness graduate as part of a mentoring program.”
Grain Brokers Australia are pleased to announce these exciting new senior staff appointments across the national team.
Please forward any queries to Matt Tolmachoff – Head of Brokerage Services, and of course Jeff Winspear our Principal. Click here and visit Our People’s page to find out more about our new team.
Grain Brokers Australia will be exhibiting at the Mildura Field Day 18 and 19 May, come along and visit us at site D5, Carina Avenue.
PLUS! Register for Grain Brokers Australia One Month Free Trial at Mildura Field Day, and you automatically go into the draw to win one night’s accommodation at Quality Hotel Mildura Grand.
Quality Hotel Mildura Grand is superbly located in the heart of Mildura’s shopping and dining precinct, just a short stroll from the Murray River.
Click here for Mildura Grand_Mildura Field Day Terms & Conditions.