Australia
June 16, 2009
Source:
Australian Oilseeds
Federation (AOF)
Canola 2009/10
 In
NSW estimates are up on last month on the back of good rains
across most of the growing area. Plantings in the North West are
up on previous years, with a good moisture profile after rains.
On the Liverpool Plains it is a little drier with profiles at
about 60%. Good rains in the Central West, ranging from 30-60 mm
has provided a very good start. The recent rain has assisted the
later planted crops in this region. In the South West, there has
been good soaking rain – 30-70mm, which has assisted early
growth (currently at 2-8 leaf stage), but the rain has yet to
penetrate to subsoil levels in many areas. Earlier planted crops
are at close to full ground cover. Insect levels are
reported to be low.
In Victoria, there has also been good solid rain, particularly
in the Wimmera and Western District, which is reflected in the
forecast through slightly higher yields. There is still the
possibility of further plantings in the Western District. South
Australia is also looking promising, with the Mallee in good
shape and the S.E. very good.
Western Australia has received rainfall in the past few days
which is supporting the current crop estimates. In the
southern and higher rainfall zones, the month of May was
favourable with between 25 and 100mm of rainfall, although below
average for the month, sufficient when combined with stored
subsoil moisture, for the planting and germination of the canola
crop.
Soybean 2008/09
 Northern
Queensland still has some harvesting underway, with quality and
yields holding up well despite rains. Approximately 60% of the
crop is destined for the culinary market, the balance for
crushing. Protein levels are high in the mid 40% range, with the
physical appearance certainly up to edible quality. There are
good opportunities in this region to further develop grower
skills in order to optimise yields, as there are good
expectations of further planting next season The output in
Central Queensland has been good, with most
growers able to deliver to contract, with good quality beans,
with even those destined for crushing being of suitable quality
for flour. In the Lockyer, insect damage has knocked yields back
by 5-10%. On the Downs, the lack of on-going water after initial
germination and growth stages has kept yields back from their
potential. The quality, however, is high with good protein
levels. Again, there is the opportunity for further grower
education to optimise yields through achieving a better balance
between foliage growth/bulk and bean moisture. The AOF Better
Oilseeds project will work to address the education needs in
Qld.
In NSW, harvest is complete everywhere except the North Coast
where a few hundred hectares are yet to be harvested. The
quality of beans is very good considering torrential rains and
at times, flooded crops. Yields have held up well, with around
50% of the North Coast crop destined for the edible market, 50%
for crushing. The ability of the beans to survive the very
wet/flooding conditions has served to boost the confidence of
cane growers in regard to soybeans, as their cane crops were
affected by the weather. Elsewhere in the state, the season is
all but over, with no significant changes to previous forecasts.
Sunflowers 2008/09
T here
has been no change to the estimates or commentary from last
month.
In NSW, harvest of the late sunflowers is nearly complete in the
Liverpool Plains. Oil content has been very good at 43-44%, with
yields at 2.1t/ha. Further north, the yields around Moree have
been disappointing, averaging 1.2t/ha. Dry conditions since
Easter has affected prospects for the late planted crops.
In Queensland, the late plant monos and polys in CQ are on track
to achieve yield 1mt/ha on dryland. Darling Downs harvest of
late mono and poly is in full swing with yields down slightly
due to the dry finish.
Global Snaphot
The significant drought related reduction in soybean production
in South America is continuing to drive tight stock
positions on global soybean stocks, despite expected record soy
production in the US. Lower rapeseed crops in Europe, together
with lower imports are expected to place a squeeze on rape
stocks in Europe.
In contrast, high levels of soy crushings may lead to a surplus
of meal on the global market.
The prospects for improvement on global front hinge on the
outcome of the 2010 season- particularly the South American soy
season, which runs parallel to the Australian season, and is
dependent on favourable weather conditions until end Q1 2010.
Source: Oil World June reports |
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