CNSW Market Update – 3/08/2018

Alistair Murphy, Agfarm Account Manager CNSW

Further cutting of the NSW and QLD new crop expectations have been made after another dry week has passed, and as a result we’ve seen further strength in grain markets in the range of $8 to $12 per tonne across the board.

Grower sales have really dropped away over the last few weeks, as the relentless drought has any sellers really holding on to what they have in case the dry weather continues into the medium term. While rainfall will be a massive benefit to crops in WA, SA, VIC and Southern NSW, we are really past the point of no return when it comes to an increase in yield potential for the Northern NSW and QLD crop. Despite this, a break in the drought would bring some much needed reprieve for graziers and would allow growers to look towards an opportunistic summer crop if moisture profiles can be replenished enough.

Farm to farm values have really surged this week, with reports of sales being made for spot loads of barley delivered Central West NSW at around $435 to $440. But, Barley sellers are very hard to find and majority of the liquidity in this sector is coming from trade buyers or long haul sellers from VIC and SA.
It really isn’t pretty out there by any means, and our thoughts go out to the rural community as it gets tougher and tougher for people and businesses.

 

Prices as at 2nd August

 

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