SA Market Update 31/08/2018

Kate Phillips, Agfarm Account Manager SA

The SA team have spent the last few weeks getting the KMs up in the ute visiting growers from one side of the state to the other. What’s becoming obvious is just how variable the season is and how much it can still change before harvest gets under way. A number of crops are pushing ahead with good coverage and are handling the season with the stamina of a marathon runner. Other areas have been hit hard by a lack of moisture, high winds, frost and now higher than usual August temps. As a general comment, crops in all areas are consistently four to six weeks away from being where they would normally be; roughly mid-calf height (and I’m a shorty) when standing in the crop is “typical” for this year. We have seen crops that will probably yield 4MT+/ha to others that will hopefully yield 0.5-1MT/ha and then others that are completely blown out. It’s certainly a mixed bag. On top of this, we’ve have also heard reports of a couple of frosts that hit areas from the Mid-North through to Murraylands and parts of the Murray Mallee last week. We should know how much damage has been done in the next few weeks as it becomes visibly evident.

The week has seen the temps in SA reach the mid to high 20s with the temp barely dropping over night as the slow-moving front kept the heat in. Thankfully it looks like most growing areas of SA should receive between 2-10mm over the next four days which will be well received. The eight day forecast for South Australia is also looking like the state might receive a little more rain the following week which will help keep things heading in the right direction

 
 
 
 

 
 
 
 
 
 
 
 
 
In marketing news, we saw the new crop market soften late last week but wheat and barley found a little upside towards the end of this week. Port Adelaide zone F1 multigrade is up $2/MT at $332/MT and APW1 multigrade up $5/MT week on week at $365MT. Canola lost a little to sit at $567/MT. Port Lincoln zone F1 multigrade is a similar story being bid at $321/MT. Red crop (2019/20) APW1 multigrade is getting a little more enquiry from growers as bids sit above the $300/MT level and F1 multigrade is at 250/MT Port Adelaide zone.

Prices as at 30th August

 

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