SA Market Update – 12/01/2018

Kate Phillips, Agfarm Account Manager SA

This week South Australian grain markets have started to show some improvement in values and has seen both sellers and buyers engaging. Growers are continuing with summer weed spraying and already looking at winter crop options. Enquiry from growers with regard to current grain marketing options have also increased with the sentiment continuing to be positive.

Canola has continued its soft start to 2018 with another slight dip. Port Adelaide track numbers came to rest at $475/MT and continue to be left unsold by those who have it. It will need to gain at least $20/MT before it will start to gain traction again. It’s a similar story for the malt barley market. While there hasn’t been any significant downside in values this week the current track price is not gaining much interest or seeing selling.

It’s a more positive story for feed barley. A $7/MT increase this week has seen growers coming to the party and let go of good tonnes. Each day this week has seen buyers outdo each other to finish the week with F1 trading at $233/MT. Late this week also saw positive numbers for AUH2 and ASW1 up $3/MT from buyers and growers again were happy to engage with parcels trading on the Port Adelaide track at $246/MT and $228/MT respectively.

All in all, it has been a positive week on the grain marketing front and growers are keen to see what the next week brings with the majority watching the market with interest to take advantage of any upside as it happens.

Prices as at Friday 12th January 2018

pricing table 12jan