CNSW Market Update – 20/07/2018

Alistair Murphy, Agfarm Account Manager CNSW

Another week has passed with minimal rainfall to report around the region. We can however report some fairly significant frost activity in places with Dubbo’s thermometers hitting a low of negative five degrees last weekend. Unfortunately, there have been reports of this cold snap worsening the already suffering crop condition, sucking out what little moisture was left in the topsoil profile.

It looks as though new crop expectations are really starting to wind back in the northern cropping belt, as any last-minute saving rain hasn’t eventuated to keep things ticking over.

There are pockets around Northern NSW which are still tracking reasonably well in comparison to the majority of the region. Small areas around the north and east of Moree still look to have some potential to yield OK should we receive some in crop rain over the next couple of weeks.

With a significant amount of country in Northern NSW and Queensland either fallowed or written off, we would expect a significant summer crop should we see a solid spring break.

It’s expected sorghum and dryland cotton will be the most favourable option at this stage, but with so many acres to utilise, mung beans and corn will also be on the list.

It will be an interesting year ahead, as carry out stock from the 2017/18 season will be very low, and with the new crop being revised down almost daily, consumers in the north might find it hard to source winter grains as we head into mid-2019.

 
 
 
 
 

Prices as at 19th July 2018

 
 

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