GBA News

Win 2 nights at Tribe Hotel, Perth

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Grain Brokers Australia are giving away two nights’ accommodation for two people at the new brand of hotel, TRIBE in West Perth.

Tribe Perth is characterised by contemporary, innovative and boutique design, along with its prominent position next to Kings Park just minutes from the city’s restaurants, bars and tourist attractions.

The hotel comes with free broadband, smart TVs, a digital reading collection, and free streaming movies on demand. The hotel will also include large common areas that reflect homely living rooms and a café and bar, TRIBE Foods. All rooms come with complimentary unlimited WiFi, Nespresso pod coffee machines, T2 Tea and bottled water.


For those not receiving our Daily Pricing Summary, to enter simply visit us at either Mingenew, Dowerin or Newdegate Field Days and sign up for your free month trial.

If you’re a current customer or on a free trial of our Daily Pricing Summary you will automatically go in the draw to win – no need to do anything.

Click here for the Terms and Conditions.

Trump remains popular among US farmers

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Last week at the Australian Grains Industry Conference (AGIC) WA Grains Business Development Manager, Tim Byass met with Sara Wyant, veteran US agricultural journalist and editor of Agri-Pulse.

Ms Wyant said Trump remains popular among US farmers and that agriculture was enjoying near-unprecedented access to the president with strong influence in terms of key issues such as trade policy.

“The map of where his voters sit has been critical, his position on trade policy has made agricultural people nervous, but you see with the North American Free Trade Agreement (NAFTA), he nearly threw it out but the opinions of the farmers, those that elected him, were considered.”

Listen to the ABC radio interviews below by Clint Jasper on Trump talking the type of talk farmers want to hear and US trade restrictions.

Tim Byass, Grain Brokers Australia

Tim Byass, WA Grains Business Development Manager comments on Trump policies

Weekly Strategy Update 13/02/17

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Wheat –  With CBOT wheat futures up 18 cents for the week, (or A$7 per tonne) we would have expected to see cash prices up week on week. However, the buyers pulled basis back 15 cents with grower selling targets being triggered. This was most evident on Friday with futures up 11 cents yet the cash price only pushing up about $1 across the board. Good news for those with Grain95! We would now be less aggressive in cash sales for wheat (with the exception of ANW1) with Thursday nights USDA report quite bullish and plenty of carry in the wheat futures market meaning traders will want to keep remaining long. If needing to sell for cash flow or feeling undersold, we believe Grain95 is the better move than selling cash at this stage.

Feed barley –  Is starting to look a lot tighter now with a heatwave hitting the eastern states severely impacting sorghum. Also a very heavy shipping program of barley out of Australia into Saudi Arabia and China is quite bullish. Similar to wheat, traders will want to remain long barley and to do that will need to ramp up buying of feed barley for this to happen. Currency will have a big influence on markets in the short term. We can’t see massive downside in barley so perhaps holding is a strategy to consider now.

Malt Barley –  The marketing window for malt barley is closing by the week. Have price targets in place as this is the best way to achieve your targets. Chinese buying interest should return following Chinese New Year’s celebrations but at what level is hard to gauge. Premiums should be $20 above feed for most malt 1 varieties.

17/18 Canola –  With rain forecasted across much of the wheat-belt this week, growers will look to getting some cover. Canola is the only grain to consider at the moment as it is at a decile 5-6 compared to other commodities still at about a decile 1-2. Planting expected to be up considerably due to pricing and early moisture so we suggest to get some cash sales cover at current levels.

Weekly Strategy Update 04/01/17

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  • Wheat – Given the time of year, it is suggested that you hold onto what you have until mid January when traders are back from holidays and have an appetite for buying. The shipping stem is growing day by day which shows there is a possible upside soon to come.
  • Barley – As said previously, we anticipate buyers coming back online soon to hopefully give barley a boost. Saudi will be importing 10mmt and China 2-3mmt of feed in 2017.
  • Canola – Still a strong sell at current prices. At the current price, plus the added oil premiums, it gives you good cashflow and can ease the pain of lower grains prices currently.
  • Oats – Stuck in a rut at present. With no buyers in the market at present other than CBH, we suggest holding until others come back into the market to create some competition.
  • Lupins – Similarly to oats, there is only one buyer in the market at present. We suggest holding until more competition becomes evident.
  • Firm Bids – It is strongly suggested that firm bids are put in place with your broker (bids you’re happy to sell at) so that any spikes in the market that comes up, you don’t miss out.

USDA WASDE Summary 12/12/16

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The latest USDA Report for December was released on Friday, and globally the USDA Report was overwhelmingly bearish across all commodities. However, the US ending stocks of the key commodities were kept unchanged despite expectations that they might have increased, which combined with fund buying led to a jump in most futures. Globally, wheat jumped a solid 6.5 million mt of which 4.7 million mt was in Australia at 33 million mt. Corn production was up in several countries but lower than expected US stocks supported prices overnight. Beans were also up solidly on the production side but it was almost matched by a similar increase in demand.  Overall, the report was more of the same with big crops so the market will likely digest it pretty quickly.


  • World production UP 5 million mt – key changes:
    • Australia UP 7 million mt to 33 million mt.
    • China UP 85 million mt.
    • EU UP 4 million mt.
    • Brazil UP 36 million mt.
  • Consumption UP 2 million mt (mainly in Australia, Russia and China).
  • Stock levels UP 9 million mt and stocks to use ratio UP 24 points to 34.08%.


  • World production UP 7 million mt – most in Australia and Canada.
  • World demand UP 3 million mt.
  • World stocks UP 28 million mt with stocks to use ratio UP 16 points to 15.85%.

CORN              BEARISH

  • World production UP 2 million mt – with key changes:
    • China UP 55 million mt.
    • Brazil UP 3 million mt.
    • Russia UP 1 million mt.
    • Canada UP 7 million mt.
    • Indonesia UP 6 million mt.
    • EU UP42 million mt.
  • World demand UP 7 million mt – mainly in the China and Indonesia.
  • World stocks UP 4 million mt – mainly in China and Brazil.
  • World stocks-to-use ratio UP by a 30 points to 21.65%.


  • World production UP 9 million mt – most of it in India and Canada.
  • World demand UP 9 million mt.
  • World stocks UP by a massive 1.3 million mt (in Argentina and India).
  • World stocks-to-use ratio UP 27 points to 28.85%.

Weekly Strategy Update 06/12/16

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Wheat – If you require cash-flow within the next 4-6 weeks, we suggest looking to sell lower grade what this week rather than wait until it is too late, as there is increasing harvest pressure coming from the east coast as well as locally. If you aren’t looking to sell right now, look to sit until the second quarter of 2017. If you’re not happy with today’s prices, look into using the Grain95 product.

Barley – Not unlike wheat, we suggest off loading your malt barley soon if you need cash-flow within the next month or two. If there isn’t a need to sell right away, look to sit on your barley until at least Feb 2017.

Canola – This is still the best value at present. For any low oil canola, speak to your broker about flat oil contracts to find the best value. We also suggest looking at selling some 17/18 canola.

Oats – As said in last weeks strategy we suggest holding onto oats until more buyers come into the market to create some healthy competition and drive prices up.

Lupins – Not unlike last week, there is still very little competition out there for lupins at present. There is little movement in the delivered market for any lupins stored on-farm, so speak to your broker about what price can be generated.

Weekly Strategy Update 09/11/16

Posted by | Currency, GBA News, Markets, Misc | No Comments

Wheat – Recommend growers establish minimum tonnes they need to sell as required for
cash flow accompanying sales of other grains. Understanding quality is a concern, where
possible make sales or fill contracts using APW. ASW and AGP1 under-priced at current
discounts and suggest holding these over better grades. Hard wheat is extremely rare, if you
have hard wheat you have the upper hand in negotiations.
Barley – We feel feed barley can still be priced sharper than current values, at $190/t we are
the cheapest option for feed barley out there, be prepared to hold for up to six months and
target $200/t, protect downside at $185/190. Current malt premiums are strong considering
the size of the crop and quality of receivals to date. Suggest a sell at current premiums.
Canola – Supply and demand continues to be tight but current values present exceptional
value at harvest for cash. High oil values could possibly erode grower values at some point
as end user markets are generally capped at 45% max oil. Suggest make sale off the header.
Oats – Values have rallied $15-20 in the last 6 weeks and look to have flattened out. There is
a couple of buyers chasing right now so suggest selling off the header once quality is known
and contracts are filled accordingly.

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