Faba beans are coming off this week, and we have homes into the Downs, Allora, Goondi, Moree, Narrabri and Dubbo. Prices aren’t easy to obtain early in the morning so for anyone wishing to price on a load-by-load basis, this may be difficult to keep trucks moving. We see the faba market coming under pressure with traders covering in short positions – paying the highest prices. Other traders are sitting on the sidelines, waiting for the market to come down. We are seeing French & UK beans up to $100/mt discount to Australian beans into Egypt. Today, we are seeing $425-430/mt delivered Downs, $395/mt delivered Goondi and Moree and $403 delivered Narrabri. In a few early samples we have had reports of low quality and even No3 specs for poor colour and defective grains, including insect damage. Unfortunately, these will be difficult to grade out, but any samples with splits and small grains should grade well. If you are concerned about quality, we are offering warehousing for faba beans and chickpeas again this year into Agripark, and also Auscott Narrabri. This allows you to deliver and sell a known quality. Please contact us for a warehousing agreement which will require signing prior to delivery.
With daylight savings commencing over the weekend, we are now an hour behind Qld and this sometimes delays pricing out of some of those merchants based north of the border.
We have the ability to price wheat on a multigrade basis delivered packer into Narrabri and Gherkes, and delivered Moree also. These values are well above current system prices, so please call us for any pricing for wheat if you are unsure whether to deliver to the system or send elsewhere.
For those of you gearing up for harvest, we wish you all the best, and remember to give us a call if you would like to know what the best marketing options are for your grain this season.