GRAINCORP will close all its 2011-12 canola and central Queensland pools this Friday.
It is the start of the closure of all pools in coming weeks, according to the company’s pools manager Stuart Clarke.“We encourage growers who are considering their marketing options to act now to ensure they participate in this year’s pool,” Mr Clarke said.
“We believe our pools are an increasingly attractive marketing option, with grain markets weakening since last week’s US Department of Agriculture report and as growers start to bear carry costs.”
The estimated pool return for eastern seaboard canola is $551 a tonne, FOB.
The ERP for Australian Premium White wheat is about $265-$273 a tonne, depending on the port zone.
