The recovery in basis levels could prevent exporters from being competitive in global markets.
Domestic grain users in northern Australia are assessing where to get their supplies from this year - and closest isn't always cheapest.
There has been a welcome change in fortune for farmers in the southern Mallee district of Quambatook this season.
The trade is unwilling to own large volumes of grain and farmers are unwilling sellers at current values, leading to a stalemate.
There are some signs India may lower its pulse tariffs, but the flip side is tighter phytosanitary requirements.
A last minute disallowance motion has stopped the SA government passing regulations that wuld have allowed GM food crops to be grown.