Aussie canola prices continue trending higher as Canadian crop deteriorates and new Canadian crush capacity comes online in early 2024. To early to peg a production number to canada but the downgrades are clearly being incorporated into Canadian prices. Almost $1,000/tonne.
2022 Young Farmer of the Year, Brad Egan, on how he converted his thinking from ‘gut feel’ into data driven decisions & why this information now underpins much of the farm’s productivity. #RaboFarm2Fork@BradEgan24
Great opportunity for those in around Urana for a rural health workshop with the brilliant @RUboggedmate Mary O’Brien next week. Free to attend for all in the community thanks to @RabobankAU client council please share if you know someone who will benefit. rabobankaunz.eventsair.com/are-you-bogged…
The longer-term outlook for Australian canola prices and demand is positive due to:
1. Rise in Chinese demand 2. Declining competition from Canada 3. Rising EU Demand.I’ll post about short term in coming days. #agchatoz#canola#rapseed#biofuel#commodities#agriculture#farming
Is Russia releasing the wheat bulls? Russian ag ministry is now going to be dictating how much and what crops will be planted. Governments dictating to farmers what to plant and how much rarely goes well….
#agchatoz#wheat#government#trade#food#grain#tradewar
Germany's environment ministers proposal to cabinet to take out crops from the biodiesel mix isn't out of the realm of possibility but it would take time to implement theland.com.au/story/8058036/…#agchatoz
China buying is for now supporting Australian feed grain prices. They’re back because 1) small corn crop 2) UKR dependence 3) covid recovery. Have a great Australia day! #agchatoz#wheat#sorghum#barley#tradewar#food