SA Market Update – 02/02/2018

Kate Phillips, Agfarm Account Manager SA

This week the South Australian grains values have carried along a similar path to last week.  Sellers’ attitudes are remaining bullish thanks to continued weaker values, and buyers have generally been continuing to price into February at similar levels to late January.

Barley markets have shown great consistency week on week. Malt has continued its sideways pricing trajectory, with SO1 Port Adelaide Track remaining around $275/MT. Feed barley also remained around the levels from last week; $230/MT has seen parcels trade on Adelaide track, with sellers being able to get offers away at $232/MT levels. The premium to Hindmarsh and Compass is usually sitting at +$2/MT to F1.

A very similar story for wheat, with very little market movement week on week. All grades from protein right through to feed grades have seen minimal $1-$2/MT swings over the week, but all are settling at the end of trade back where they started.

Canola has continued to hold at lower soft levels. Sellers have stepped right away from the market and won’t be back until values return closer to $500/MT levels.

Delivered markets continue to provide sellers with positive options for delivery, varying from prompt through to March-June contracts. ASW1 for prompt Adelaide delivery has seen offers of $245/MT and above.

Last weekend saw the state sweltering through temperatures in the low to mid-40s, this has now been replaced with wet and cold blustery days which have been calling for an early breakout of winter woollies. For those of you who have had children and grandchildren return to school this week, I hope it’s been a smooth transition back into school mode!

 

Pictured: The next 8 days shows some light showers for the west coast of South Australia.

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Prices as at Friday 2nd February 2018

SA pricing tables 201802022