SA Market Update 14/09/2018

Kate Phillips, Agfarm Account Manager South Australia

It’s the middle of September and the winter cropping season is racing along. As variable as the season and areas are, it’s still brilliant to see canola crops out in flower and a sea of green as cereal crops in some areas are really doing well. A road trip over to the Birchip Cropping Group Field Day in Narraport VIC was again a confirmation the state is one big mixed bag. Areas around Bordertown and South East are looking great with crops well established and starting early head emergence. It’s a similar story in parts of the lower Eyre Peninsular and Yorke Peninsular where rain bands have come through often enough to keep things looking good.

Thankfully the forecast heat earlier in the week didn’t reach the expected highs. Areas around the Mallee and Mid North have seen some growers get started with cutting paddocks for hay. With hay once again proving to be a hot commodity now and into 2019, it will be interesting to see if areas that suffered some frost and heat damage cut more hay or leave the grain in the paddock until harvest to try capture stronger commodity prices.

In marketing news, commodity prices continue to remain strong. We did see upward movements at the start of the week with the release of the ABARES crop report which pegged wheat at just sub 3.7MMT, barley at 1.9MMT and canola at 298,000MT. Wheat has continued to gain again with APW1 Port Adelaide zone reaching the $380/MT mark. I’v had a lot of conversations this week around marketing mixes and thoughts on selling cash at harvest vs managed products vs keep on farm for the delivered market… it’s certainly going to be an interesting one.

Prices as at 13th September

 

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