SA Market Update – 08/12/17

Kate Phillips, Agfarm Account Manager SA

Another week, and another rain event here in South Australia. It is certainly becoming a stop-start harvest 17. Thankfully the sun seems to be breaking through the clouds and the forecast for the next seven days appears to be warm and dry, hopefully it stays this way for the run in to Christmas. Despite the cooler conditions of late, when growers have had the opportunity to get out and going they have done so with gusto. Last week saw over 500,000MT of grain taken into Viterra in a two-day period. Several growers have also been able to finish up harvest and put the headers away for another season.

Even with the rain, wheat quality has held up better than expected at this point with higher protein wheat still being delivered into the system. Although, increasing screenings issues are beginning to arise and we expect to see more quality concerns in the coming week. Falling numbers are being used pretty much entirely across the state with a mixed bag of results; consistent numbers of 300 and above in some regions but also areas who have received results in the low 200’s.

Viterra has reported receivals at just over 3,100,000 MTs at the start of this week. This number when used as a comparison against the last PIRSA production estimate would indicate harvest at around 55% complete. The Eyre peninsula is leading the harvest charge at around 65% complete, Central/Eastern SA has reached around 41%, and the South East has indicated roughly 35% completion.

Exfarm delivered bids have remained strong this week with growers taking advantage of H1 at $288/MT and H2 at $266/MT delivered Adelaide. On the track market, higher protein wheat numbers have had values at around $291/MT for H1 and $260/MT for H2, with malt barley around the $273/MT mark. Canola values softened over the past two weeks with Adelaide track at around $510/MT.

 

 

Prices as at Friday 8th December 2017

pricing tables 20171208SA

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