Pool Status update 05/03/2024


The Flexi Grain team are currently monitoring and managing the following on behalf of our 2023/24 growers:

  • Wheat
    • Global futures markets continue to reflect the view of a well supplied market.
    • Russian wheat continues to flood onto the market meeting demand and pushing international prices lower.
    • Futures trading funds are heavily short wheat.
    • Bids for Australian wheat do exist from various destinations which Flexi Grain are engaging in.
    • We are monitoring Indian emerging wheat demand which would be supportive of current prices.
    • Snow melt in the northern hemisphere will bring new commentary on production estimates over the next 4-8 weeks.
    • Flexi Grain are participating in export container demand which remains firm.
    • French wheat crop production ratings are poor.
  • Barley
    • Global trade sentiment is that barley prices should be trending lower.
    • Recent export bids for Australian barley remain largely steady.
    • Demand for Australian barley is solid and bids are evident and Flexi Grain are actively engaging.
    • French barley crop production ratings are poor.
  • Durum
    • Completion of loading of the vessel ‘Clipper Iris’ late last week at Port Kembla.
    • Vessel destination – Algeria and currently sailing around southern Australia.
    • Global bids for Durum are softening in line with other commodities.
    • Flexi Grain forward projections of global production look positive.