New crop durum track DR1 at today is around $410-412/mt with multigrade contracts available.
Sorghum homes in the Newcastle zone remain hard to come by for prompt movement. At the moment, we are seeing $240/mt delivered Tamworth for October. We can look at delivered Newcastle also but it would be on a case-by-case basis due to low consumer demand.
We have had strong enquiry this week again for mungbean hectare contracts. Prices remain similar at $1100/mt for Processing quality, and we have a number of options available.
We still have interest in old crop chickpeas delivered Narrabri and ex-farm to work into Brisbane. These prices remain around $445/mt delivered Narrabri and $420-430/mt ex-farm, depending on location. New crop chickpea values delivered Downs are $470/mt for a hectare contract. Delivered Narrabri, new crop peas today are $440/mt.
New crop faba beans are $420/mt delivered Toowoomba, with a $15/mt discount for No2’s. We also have options into local packers. Due to the size of the crop and the percentage already sold, we haven’t yet seen a lot of domestic demand ex-farm for new crop faba beans. Faba bean crops across NNSW are mixed. Some crops are still in good shape and for others the rain arrived too late as they had finished flowering prior to the rain and had ran out of moisture.
New crop wheat values have jumped slightly this week and Newcastle track is back up to $290/mt and Brisbane $318/mt today for APW on a multigrade contract. New crop 70/10 is $328/mt delivered Downs.
This week Steve & Erin will be attending AgQuip and sharing a stand with the team from Next Instruments at site F23, across from NSW Farmers. AgVantage is a selling agent for their NIR grain testing machines in northern NSW. Call in and see us. Steve is there today and Thursday and Erin will be attending on Wednesday. We have on display a Kwik Kleen grain cleaner, which we are also sellers of.