GIWA July Crop Report

• GIWA forecast 2024/25 WA production at 16.3mmt, up 12% from last season.
• Production estimates below (% change from last year in brackets):
• Wheat: 9.2mmt (up 20%)
• Barley: 4.1mmt (up 11%)
• Canola: 2.2mmt (down 12%)
• Oats: 0.40mmt (up 14%)
• Lupins: 0.36mmt (up 12%)
• Pulses: 0.063 (up 29%)

• GIWA increased its 2024 WA crop area estimate to 8.75m ha, up 3.3% from the May estimate.
• Crop area estimates are below (% change from May in brackets):
• Wheat: 5.00m ha (up 6.4%)
• Barley: 1.48m ha (up 0.7%)
• Canola: 1.66m ha (down 2.4%)
• Oats: 0.26m ha (up 8.2%)
• Lupins: 0.30m ha (down 3.2%)
• Pulses: 0.045m ha (0%)

• CBH will adjust its premiums for ISCC EU canola on Monday the 22^nd of April 2024.
• The current $25/t premium will be reduced to a $20/t premium for ISCC non-GM and a $10/t premium for ISCC GM canola.
• CBH indicated they may adjust premiums throughout the season.

• GIWA forecast total 2023 WA grain production at 14.5mmt, down nearly 50% from 2022.
• Crop estimates are below (December 2023 estimates in brackets):
• Wheat: 7.65mmt (7.35)
• Barley: 3.65mmt (3.73)
• Canola: 2.51mmt (2.46)
• Oats: 0.35mmt (0.35)
• Lupins: 0.32mmt (0.32)
• Pulses: 0.049mmt (0.064)

• Esperance and Geraldton: 19^th January 2024.
• Albany and Kwinana: 26^th January 2024.

• Esperance and Geraldton: 19^th January 2024.
• Albany and Kwinana: 26^th January 2024.

• GIWA pegged their 2023 WA crop production estimate at 14.5mmt, down nearly 0.5mmt or 3% from last month’s estimate.
• Crop estimates are below (October 2023 estimates in brackets):
• Wheat: 7.85mmt (8.12)
• Barley: 3.65mmt (3.84)
• Canola: 2.27mmt (2.22)
• Oats: 0.35mmt (0.38)
• Lupins: 0.32mmt (0.32)
• Pulses: 0.064mmt (0.064)

• CBH have added a new utility wheat grade, AUS9.
• This follows the earlier addition of utility grades AUH and AUP1 to segregate high protein, high screenings wheat.
• Loads with a minimum 9% protein and screenings between 5-10% will now be graded AUS9.
• Any loads of AWWT that have already been delivered, that meet the standards of the new utility grades will be re-graded by CBH (provided the loads have not been optimised or nominated).

• GIWA lowered their 2023 WA crop production estimate to 14.95mmt, down over 0.5mmt from last month’s estimate and well below the 26.06mmt produced in 2022.
• Crop estimates are below (September 2023 estimates in brackets):
• Wheat: 8.12mmt (8.5)
• Barley: 3.84mmt (3.95)
• Canola: 2.22mmt (2.26)
• Oats: 0.38mmt (0.38)
• Lupins: 0.32mmt (0.35)
• Pulses: 0.064mmt (0.064)

• CBH announced there will be no rebates from CBH Operations, Investments or Marketing and Trading this year.

• CBH has reinstated the Out of Zone Nomination option for the 2023/24 harvest.
• All sites can nominate into Kwinana.
• All Albany sites can nominate into Esperance and vice versa.
• Select northern Kwinana sites can nominate into Geraldton.

• GIWA lowered their 2023 WA crop production estimate to just under 17mmt.
• Crop estimates are below (July 2023 estimates in brackets):
• Wheat: 9.15mmt (9.90)
• Barley: 4.36mmt (4.75)
• Canola: 2.51mmt (2.59)
• Oats: 0.46mmt (0.42)
• Lupins: 0.38mmt (0.38)
• Pulses: 0.094mmt (0.094)

• QO will be introduced for ASW9.
• APW2 can only be optimised out of, not into. APW2 will only be achievable at point of delivery.

• CBH has introduced a new trial wheat grade called AWWT.
• AWWT will become a consolidated grade for wheat previously delivered as ASW1, AGP1 and FED1.
• Growers can deliver AWWT with moisture up to 13.5%.
• Growers have the option via LoadNet QO to reverse the trial grade AWWT back into existing pay grades.

• CBH has made changes to high moisture grain receivals for the 2023/24 harvest.
• The moisture receival limit will increase to 13.5% for all feed barley grades and the new wheat trial grade AWWT.
• The dedicated high moisture segregations and high moisture charges will be removed.