SA Market Update – 13/04/3018

Kate Phillips, Agfarm Account Manager South Australia

Yesterday (Wednesday) saw the record broken for the hottest consecutive days for April in South Australia. The temperature gauge hovered around 37 degrees last night as I headed for home. That mixed with the smoke from a nearby grass fire and the dust blowing off dry paddocks made for a spectacular sunset.

The radar is showing the state might get a small drink with 3-10mm expected over the weekend. However, we will still need at least an inch to get things cracking and an additional inch wouldn’t go astray as we lead into seeding. Temperatures are back down in the mid 20s which has been a welcome relief and the winds seem to have settled.

 
 
 
 
This week has seen a rally in both old and new crop values for all ports in SA. Port Adelaide has seen a good increase for both barley and wheat in all but the F1 market. 2018/19 APW1 floating multigrade hit $270/MT this week and 2018/19 F1 multigrade finished Thursday at $252/MT. The dry weather has bolstered some growers outlook for any old crop they have remaining onfarm or in the system. H1 broke through the $300/MT mark to hit $305/MT. Port Giles and Wallaroo followed suit with new crop APW1 multigrade at $266/MT and $262/MT respectively. Port Lincoln and Thevenard new crop APW1 multigrade closed out Thursday this week at $270/MT and $257/MT.

Canola old crop numbers are still as rare as hens’ teeth but the new crop values are remaining steady at $510-512/MT Port Adelaide. While it’s nice to see a five at the start of a canola number, I haven’t seen many lock in just yet. A number of growers have also mentioned a swing away from canola for the coming season and a move back towards increasing barley hectares.
 

Prices as at 12th April 2018

 

 
A few of our team from Sydney and Melbourne have been out and about in the south east of SA and the Murray Mallee this week discussing all things Agfarm and Agfarm Accelerate.
 

Pictured is Annabelle Honner, Freight Coordinator based in Sydney, Giles Ditchfield, Agfarm Account Manager based in Melbourne and Jason Rover, in Paringa South Australia.

 

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