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Australian S&D update HANNAH JANSON | Australian Crop Forecasters

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Page 1: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

Australian S&D updateHANNAH JANSON | Australian Crop Forecasters

Page 2: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

One season – two outcomes 2018 SEASON IN REVIEW

Page 3: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

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Pro

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Australian winter crop production

Page 4: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

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WA SA Vic. NSW Qld

Australian winter crop production

Page 5: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

Rainfall deficiency vs previous droughts

Page 6: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

Growing season rainfall deciles

Page 7: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

Geographically diverse

Page 8: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

0

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3

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920

01

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Rai

nfal

l (m

m)

Whe

at y

ield

(kg

per m

m)

Growing Season Rainfall (mm) Yield (kgs per mm)

WA wheat yield

Page 9: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

Drought influence CURRENT AUSTRALIAN PRICE INFLUENCES

Page 10: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

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2013/14 2014/15 2015/16 2016/17 2017/18 2018/19

Sur

plus

/ de

ficit

(mm

t)East Coast feed grains deficit

Page 11: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

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QLD NSW VIC EC SA WA

Sur

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ficit

(mm

t)2018 season feed grains deficit

Page 12: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

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QLD NSW VIC EC SA WA

Sur

plus

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ficit

(mm

t)2018 season feed grains deficit

Page 13: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

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QLD NSW VIC EC SA WA

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(mm

t)2018 season feed grains deficit

Page 14: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

‘000t Import(Export) Qld NSW Vic SA WA

Qld 2,150 250 100 1,800

NSW 1,350 (250) (150) 50 1,700

Vic 250 - 150 - 100

SA (150) (100) (50) - -

WA (3,600) (1,800) (1,700) (100) -

Matrix of grain movements

Page 15: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

150

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250

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45020

15

2016

2017

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2019

FOB

repl

acem

ent v

alue

s U

SD

/t

Kwinana Port Adelaide Geelong Newcastle

APW Wheat FOB Values

Page 16: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

100

150

200

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40020

15

2016

2017

2018

2019

FOB

repl

acem

ent v

alue

s U

SD

/t

Kwinana Port Adelaide Geelong Newcastle

Feed Barley FOB Values

Page 17: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

DomesticRemainder

Domestic uses

Page 18: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

Red MeatDairyPigs/PoultryMilling/Malt

Domestic uses

Page 19: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

Domestic uses

Food

Dairy

↑1-2%

↓3%

↓10%

↑1%

↑3%

↓7%↑32%

Pigs Poultry

Other

BeefProduction

Page 20: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

The year aheadOUTLOOK FOR 2019/20

Page 21: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

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No two El Nino’s are the same

Page 22: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

2019/20 Season Increases

Page 23: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

2019/20 Season Increases

Page 24: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

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Considerations for 2019/20

Page 25: HANNAH JANSON | Australian Crop Forecasters Asia 2019/Janson... · 10 20 30 40 50 60 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 2012 2013 2014 2015 2016 2017 2018 (mmt) Australian

Thank you

[email protected]

www.cropforecasters.com.au