SA Market Update – 04/12/2017

Kate Phillips, Agfarm Account Manager SA

In the lead up to last weekends weather event we saw several days of good harvest conditions which had headers going like Black Caviar down the straight. The pressure to reap and get the grain into the system or into onfarm storage before the expected rainfall was the primary aim of most growers. This activity saw some in the West and Central regions managing to finish up just as the storm clouds rolled in. Thankfully it looks as though many areas managed to miss the high rainfall predictions. Kadina recorded just over 10mm, SheaOak Log 10mm and Lameroo 12mm. Other areas got hit a little harder with Appila receiving 50mm, Tailem Bend 54mm and Port Wakefield 45mm. 

Weekly Rainfall Total Week Ending Sunday 3rd December – www.bom.gov.au 

sA weather 20171204

The weekly Viterra harvest report had total receivals at 2,276,041MMT as of Friday 24th November. With the pace growers were reaping since then we would now expect to see receivals up around 3,000,000MMT. Based on this, harvest completion would be sitting just below the 50% compared to the latest PIRSA production estimate. 

The recent rain event will solidify quality issues in some areas, with falling numbers and screenings continuing to be experienced by those who have already faced tougher harvest conditions this season. There has been significant variance in production, with some seeing a difference in 5 bags per acre on neighbouring properties. Good levels of higher protein wheat continue to be delivered into the system along with the expected increases to APW1, ASW1 and AGP1 tonnes being seen as more wheat is harvested.

Grain values last week continued to see strong bids, both delivered and in system for higher protein wheat. H1 PAD track bids are around $290-300/MT and H2 at $270-$277/MT. Canola has softened over the past week with values now at around $515/MT Adelaide track. Barley is remaining steady with F1 at $220–225/MT and malt 1 bids Adelaide track at $268-271/MT. Good levels of F1 and APW1 are still being offered up.

Photoed: Harvest before the storm. South Australia

sa20171201

Prices as at Friday 1st December 2017 

pricing tables 201712012 SA

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