Northern Victorian farmers take advantage of pre-harvest market insights 
 
 

October 12, 2012

With harvest around the corner, grain growers from northern Victoria gathered this week to hear the latest perspectives on grain and oilseed markets presented by visiting agribusiness analysts from Rabobank.

 

Spending the week in-region among growers hailing from Bendigo, Swan Hill and Mildura, Rabobank's senior Grains and Oilseeds analyst Graydon Chong and manager of Origination and Sales, Campbell Keene from Rabobank's Global Financial Markets division presented their views on where grains markets are headed in the current environment.

 

Mr Chong discussed how the US drought is affecting global grain markets and the impact it is having on the Australian grain prices.

 

"The market has seen elevated prices since June 2012 but there is still a considerable way to go in this year's cropping season," Mr Chong said.

 

"With the weather concerns, Australian production is still uncertain, but high prices should present good opportunities for growers come harvest time."

 

Also presenting was Mr Keene, who has more than eight years of domestic and international experience trading physical commodities in the grains and beef industries. He joined Rabobank in August 2011 and is responsible for currency and commodity hedging for Rabobank clients.

 

Mr Keene said as northern Victorian growers begin marketing their physical commodity, they are focussing on the timing of taking swap positions to lock in prices"

 

"Opportunities lie towards next season's hedge – the opportunity at the moment is to take advantage of next season's crop hedging such as December 2013, March 2014 contracts, which have been very popular," Mr Keene said.

 

Rabobank regional manager for northern Victoria Hamish McAlpin said the grains presentations were very well received by the bank's clients who have been keen to hear up-to-date market insights with harvest fast approaching.

 

"Particularly in the grains and oilseeds space, it's a very active time with the crop about to come off and price movements since planting have been very positive," Mr McAlpin said.

 

"It's topical to be discussing the market, the crops, and what the options are for grain marketing."

 

With Rabobank opening new branches in 2011 in Mildura and Bendigo, Mr McAlpin said it was great to have the bank's analysts speak to new groups of farmers in the area.

 

"We were really looking forward to the events to give our customers a chance to see how Rabobank's Food and Agribusiness Research & Advisory division can value-add to our clients' businesses," he said.

 

For more information, please contact Rabobank Shepparton 03 5822 7100 or visit www.rabobank.com.

 

 

 

Rabobank Australia & New Zealand is a part of the international Rabobank Group, the world'sleading specialist in food and agribusiness banking. Rabobank has more than 110 years' experience providing customised banking and finance solutions to businesses involved in all aspects of food and agribusiness. Rabobank is structured as a cooperative and operates in 47 countries, servicing the needs of more than nine million clients worldwide through a network of more than 1600 offices and branches. Rabobank Australia & New Zealand is one of Australasia's leading rural lenders and a significant provider of business and corporate banking and financial services to the region's food and agribusiness sector. The bank has 93 branches throughout Australia and New Zealand.

 

 
Media contacts:

Denise Shaw

Media Relations
Rabobank Australia & New Zealand
Phone: +61 2 8115 2744 or +61 439 603 525
Email: denise.shaw@rabobank.com

 

Jess Martin

Media Relations
Rabobank Australia & New Zealand
Phone: +61 2 8115 4861 or +61 418 216 103
Email: jess.martin@rabobank.com

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