Farmers in Western Australia will swing to canola from wheat and plant less land than last year as they grapple with concerns over the availability and cost of fuel and fertilizer.
Demand is ongoing and prices are slowly rising for feed grains despite the war in Iran, said Brandon Motz, owner and manager of CorNine Commodities in Lacombe, Alta.
Australian farmers are expected to favour less nitrogen-intensive crops such as barley over wheat and canola in the upcoming season due to rising fertilizer and fuel costs.
To Darcy Haley, vice-president of Ag Value Brokers in Lethbridge, there are two main reasons for recent increases for feed barley and wheat. Haley said on March 12 that there’s an ongoing lack of farmer selling, plus stiff competition from the grain companies looking to export barley.
Consultancy Expana lowered its forecast for European Union soft wheat exports in the 2025/26 season for a fifth consecutive month after reducing projected wheat and barley shipments to the Middle East due to the war in the region, it said on Thursday.