GIWA November Crop Report
- 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)
New Wheat Grade – AUS9
- 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 October Crop Report
- 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 Grower Rebates
- CBH announced there will be no rebates from CBH Operations, Investments or Marketing and Trading this year.
CBH Reinstate Out of Zone Nominations for 2023/24
- 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 August Crop Report
- 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)
Quality Optimisation (QO) Changes
- QO will be introduced for ASW9.
- APW2 can only be optimised out of, not into. APW2 will only be achievable at point of delivery.
New Trial Wheat Grade AWWT
- 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.
Emerald Grain Name Change
- From today Emerald Grain will now trade as Louis Dreyfus Company.
- Louis Dreyfus Company entered into an agreement to purchase Emerald Grain in September 2022.
CBH Remove Contracting Restrictions
- From Tuesday the 6th of June, CBH will remove the 200t trading limit for 2022/23 and 2023/24 season grain. There will be no contract limits in place.
- CBH will also remove staggered pricing by zone. Prices will be released on LoadNet by commodity throughout the morning each business day.
- CBH could choose to reinstate restrictions depending on market conditions.
Changes to CBH Contracting Restrictions
- CBH will remove the two-day trading suspension for 2022/23 and 2023/24 season grain from the 8th of May.
- The restriction was introduced in November and meant that grower accounts who secured a contract of 40mt or more were not able to contract with CBH for the following two business days.
- Other restrictions such as the 200mt maximum contract size and the limit on the number of price refreshes remain in place.
CBH Pre-Pay Advantage
- Applications for CBH Pre-Pay Advantage close on 30 September 2022.
CBH Harvest Pool Update
- The CBH 2022 Harvest Pool has changed from an open access product to an allocated access product.
- Allocations will be offered to growers who have used the CBH pool over the past few seasons.
- The allocation rate will reflect the growers average pool participation over that period.
GIWA July Crop Report
- GIWA forecast 2022 WA production at 19.4mmt, down 19% from last year.
- Production estimates below (% change from last year in brackets):
- Wheat: 10.1mmt (down 21%)
- Barley: 5.2mmt (down 18%)
- Canola: 2.9mmt (down 9%)
- Oats: 0.60mmt (down 18%)
- Lupins: 0.51mmt (down 35%)
- Pulses: 0.062mmt (down 40%)