SURGING corn prices globally have helped lift wheat values up in their slipstream.
And, in spite of Australia having some of the cheapest wheat in the world, the big global rises, spurred by declining stocks and concerns about the South American corn crop, the gains mean farmers are faced with new crop wheat prices above $325 a tonne delivered port.
This can translate to a farmgate price in excess of $300/t in some cases, which is at right near the peak of price levels for non-drought years in Australia.
And market advisors have suggested it was worth growers taking a look at the current values and potentially locking in a small percentage of their expected 2021-22 crop.
“We’d suggest it would be prudent to have a look at pricing at least a…