GIWA November Crop Report

• GIWA forecast 2024/25 WA production at 18.61mmt, up 5% from the October estimate.
• Production estimates below (% change from last month in brackets):
• Wheat: 10.33mmt (up 4%)
• Barley: 4.52mmt (up 5%)
• Canola: 2.59mmt (up 10%)
• Oats: 0.59mmt (unchanged)
• Lupins: 0.50mmt (unchanged)
• Pulses: 0.073 (unchanged)

Wheat High Moisture Optimisation Reminder

• A Load above 12.5% moisture, is graded into either AWW1 or AWW2, unless active stack management allows delivery to a higher grade.

• Loads with 12.6-13.0% moisture are eligible for optimisation.

• However, the QO Lot average needs to be at, or below, 12.5% moisture (along with the other QO Standards being met).

• A Load above 13.0% moisture, but below 14.0%, is restricted to AWW1 or AWW2 grades only for QO. This is important – the Load is an AWW grade forever. ‎

Viterra Canola

• Viterra has updated its canola contracting policy for the 2024/25 season.
• From today, the company will only offer fixed-grade contracts, a shift from its previous practice of multi-grade contracting.
• When booking canola with Viterra you will need to specify which grade i.e. CAN1 or CAN2; CAG1 or CAG2.

MarketAg Industry News

MarketAg Harvest Helper, Receival Standards & Freight Rates

• If you did not receive the MarketAg Harvest Helper, receival standards and CBH freight rates please contact your adviser.

CBH Wheat Changes - 24/25 harvest

• A reminder that CBH has decided to remove AWWT, ASW1 and AGP1 as receival and outturn grades, and replace them with AWW1 and AWW2.
• AWW1 (previously ASW1) and AWW2 (previously AGP1) both have a moisture receival limit of 13.5%. 
• Falling numbers for AWW1 is a minimum of 300 seconds, and AWW2 is a minimum of 200 seconds.
• There is no protein limit for AWW1 or AWW2.

CBH Moisture Optimisation Update

• Wheat loads with a moisture level between 13% and 14% will only be available for optimisation into/between AWW1 and AWW2.
• To optimise into any other grade, a moisture level of 13% or less is required.
• The maximum moisture limit for an optimised lot is 12.5% for Hard/APW milling grades and 13.5% for AWW1/AWW2.

CBH Quality Optimisation (QO) End Dates

• Geraldton and Esperance - 17th January 2025
• Kwinana and Albany - 24th January 2025

GIWA August Crop Report

• GIWA forecast 2024/25 WA production at 17.44mmt, up 7% from the July estimate.
• Production estimates below (% change from last month in brackets):
• Wheat: 10mmt (up 9%)
• Barley: 4.3mmt (up 5%)
• Canola: 2.1mmt (down 4%)
• Oats: 0.53mmt (up 32%)
• Lupins: 0.39mmt (up 8%)
• Pulses: 0.073 (up 16%)

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.