CNSW Market Update – 07/09/2018

Alistair Murphy, Agfarm Account Manager CNSW

Markets have softened this week, with international markets easing off over the last few days.

There has been additional rainfall received in some parts of Central Queensland, but much like the last change it hasn’t been to the extent that will solve any production issues we’re having in the north. Those who were lucky enough to get under local falls of 20-30mm in the last change, have seen some germination of their dry sown crops, but given it is September, it really is too late for these crops to yield anything. It will however provide the opportunity for mixed farming operations to graze their stock rather than having to buy in expensive grain.

The farm to farm drought market has eased off this week, but we are still seeing volume go through at well over what the traditional high-volume markets are paying. Spot loads of barley are still in hot demand, and currently we are seeing South Australian barley work its way up to Central NSW at values around $500-505/MT delivered farm gate.

Darling Downs markets are still priced competitively to attract vessels from South Australia and Western Australia, so values haven’t really moved in the last two weeks. A vessel has been completed into Newcastle as well, which has provided some much needed liquidity into the Newcastle domestic and Liverpool Plains markets.

 

Pictured: A grazed paddock of oats located at Narromine NSW has come back to life after the recent 30mm of rain.

 

Prices as at 6th September

 

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