SA Market Update – 24/11/2017

Kate Phillips, Agfarm Account Manager SA

After a few good days of nice weather, harvest started to gain momentum but was again brought to a halt as a result of rain. The middle to end of last week saw widespread rain move through from the Eyre Peninsula through to the eastern parts of the state. The Eyre Peninsular got the lion’s share of this rain with up to 50mm recorded. There is some concern this may impact quality. Some falling numbers and screening issues have been reported due to the tough season in particular areas. With the issues of quality being raised, falling numbers are going to be a test requirement for grain delivered to site in regions which have received large amounts of rainfall over harvest.

weather 20171124

The good harvest conditions in the lead up to the recent rain event has seen total Viterra receivals reach just under 1,500,000MT. This has the South Australian harvest at around 25% complete against the published PIRSA production estimates with the western areas at around 37% complete and the central/eastern parts at around 19% complete.

The ‘Adriana Rose’ came onto the shipping stem at Port Lincoln this week. This vessel has a total capacity of 82,277MT and is the third largest grain vessel ever loaded in South Australia. She is currently loading 72,677Mt of wheat and 9,600MT of barley heading to the Middle East.

Photoed: The Adriana Rose at Port Lincoln

Adriana Rose at port lincoln

The great state has seen strong delivered bids for higher protein wheat. Into the mills H1 delivered Adelaide is $297-316/MT, while H2 is trading at $272-280/MT depending on the delivery point. The trade has mentioned they are starting to see good traction on both the track and delivered markets. There is currently premiums for higher protein wheat and malting variety barley, which has seen some increased selling. SO1 barley on the Adelaide track is now trading at $269/MT. Canola values have stayed steady over the past week with values of $535-540/MT and oils improving from earlier reaped tonnes.

Prices as at Friday 24th November 2017

pricing tables 2017111242 SA