SA Market Update – 15/06/2018

Kate Phillips, Agfarm Account Manager SA

A nice cold front and low-pressure system headed across SA over the past week bringing with it some good falls to the south-eastern parts of the state. While it would have been nice to see more in the rain gauge we will take what we can get. There have been reports out of Loxton of growers receiving 20mm with similar stories from the Mid North and some areas of the Yorke Peninsular. The Eyre Peninsular also recorded falls between 6-20mm. Much better than last week.

General observations from travelling through SA last week was seeding is all but done and germination is well under way in many areas with some paddocks just getting up and others more advanced at around 10cms. While some areas were a little patchy, it was great to see a few seas of green.

Grain markets were off to a slow start this week due to the Queen’s birthday long weekend. Delivered H1 at $333/MT and H2 at $313/MT into Semaphore is still finding interest from sellers as is ASW1 at $305/MT into Murray Bridge.

 

Old crop barley is singing from the same song book as last week. Anyone holding F1 and below is finding strong buying interest from a number of marketers both for system stock and exfarm. F1 Port Adelaide track is being traded at $278/MT and we have seen parcels of F2 and below finding homes at $250/MT and above.

The new crop market is remaining fairly stable week on week, although if the next cold front heading towards South Australia brings with it the much-needed rain, markets will most likely soften as the trade gains confidence in the season. F1 barley Port Adelaide track remains around the $255/MT mark with Port Lincoln seeing bids of $250/MT.
 
APW1 multigrade has gained a few dollars in the Port Adelaide track market to be back close to the magic $300/MT number, with APW1 multigrade in the Port Lincoln zone a little further away from the trigger point at a $296/MT.

Prices as at 14th June 2018.

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