SA Market Update – 08/06/2018

Kate Phillips, Agfarm Account Manager SA

This week has been spent driving over some very dusty paddocks. Dams are dry, and dust is being kicked up by the smallest gust of wind. But, as I sit here writing, I can hear the rain starting to fall and with all areas in need of a good drink, I’m sure fingers are across the whole state. Fortunately, BOM is showing a nice front moving across SA which is expected to see at least 10-15mm.

 
 
 
 
 
 

While things are dry in general, the feeling from the Eyre Peninsula through the Yorke Peninsula and the Mid North continues to be positive with the general sentiment the season can still turn around with a good drink.

Seeding is all but done in most parts of the state. A few are holding off to see what comes of this next front and will make the big decision of sowing late or pulling up for the year. Germination varies considerably through the state, but in general crops are up and out if the ground and it’s nice to see some green coming through again.

Looking at grain markets, the new crop market week on week is remaining stable. APW1 MG is a few dollars off but is still seeing interest from sellers at $295-300/MT. If the expected rain does fall we will see some additional selling confidence, and on the flip side it may well see commodity prices soften.

Old crop markets are similar to last week’s levels with feed barley continuing to be the golden child with both system and onfarm stock continuing to be well sort after. F1 Port Adelaide track is being traded at $285/MT and we have seen parcels of F2 and below find homes at $275/MT and above. This grain is moving as far north as QLD and Northern NSW as the drawing arcs for feed expands.

Prices as at 7th June 2018.

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