Grain Market Update - Canola (September 2015)

The following graph shows the movement in ICE November 2015 Canola Futures and the domestic canola price delivered port.

Like wheat, canola prices have also eased since July, although not to the same degree. At the peak for the year to date, the domestic canola price at $575/tonne delivered port was at a decile 9 level. The current price is at decile 6 levels.

Currently the ICE Futures price is A$496/t equivalent and the domestic price delivered port is $536/t, reflecting a positive basis of A$40/tonne.