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Australian Oilseeds Federation newsletter: Crop Outlook
May 24, 2004

Australian Oilseeds Federation
Crop Outlook

Soybeans 2003/04

Despite good yields throughout many parts of Queensland and the north coast of NSW, hot weather conditions in February and March have taken their toll. Disappointing yields in northern NSW dry land crops and in the Riverina have been the main reason for the lower estimates.

Harvest is 80% complete and quality in most regions has been good. Green Vegetable Bug damage in the Atherton Tablelands and Burdekin has resulted in lower production in northern Queensland, but other parts of the sunshine state are reporting good yields and above average quality. North Coast NSW harvest is well advanced and crops are yielding well with production estimates up slightly. However, damage from hot conditions in the early months of 2004 has been realised as harvest has commenced with production estimates down in northern NSW and the Riverina. Harvested area in the Riverina has been revised down with yields also down slightly.

Victorian production has also been slightly reduced.

Soybean processors in southern Queensland are reporting sightings of Bruchid beetles for the first time. Previously the beetle had only been present in central Queensland. They are considered a common insect with stored pulses. Tell tale signs are when beetles are leaving perfectly rounded holes from where they emerge from the grain. More information can be found at http://www.dpi.qld.gov.au/fieldcrops/3936.html

Soybean

State

Area Planted (Ha’s)

Production (Tonnes)

Queensland

15100

32725

NSW

17765

40140

Victoria

546

819

Total

33411

73684

Source: Industry Estimates, 16/4/04

Sunflowers 2003/04

Area Planted (ha’s)

Production (tonnes)

Monounsaturated sunflower

Queensland

10,000

11,500

NSW

16,200

23,500

Polyunsaturated sunflower

Queensland

15,000

14,800

NSW

4,950

8,200

Total

46,150

58,000

       

Source: Industry Estimates, 19/4/04

Heat stress has severely affected some sunflower crops in Central Queensland reducing March production estimates by 2,000 tonnes. Large numbers of white fly are also appearing on seedling crops but it is too early to say if this will impact yields.

Market Comment A degree of uncertainty has crept into the soybean complex with talk of imports of Brazilian soybean and doubts relating to the economics of soybean crushing in China which has resulted in a significant price correction in soybeans and canola over the past week. World weather conditions has 2004/05 canola production edging higher. Heavy rainfall in Western Canada in recent weeks was beneficial to the Canadian canola crop. Above average precipitation in Europe during April has assured a large canola crop from the EU 25. Dry conditions through much of Australia’s canola growing region has meant a slow start to plantings. Recent falls in Western Australia over the weekend will allow canola planting to progress in that state. Victoria received light falls but is in need of follow up falls to progress. The major canola planting regions of southern and central New South Wales are still predominately dry although some dry planting has occurred.xx

Australian Oilseeds Federation Crop Outlook

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