WA Market Update – 07/09/2018

Reid Seaby, Agfarm Regional Manager WA

There hasn’t been any fundamental changes to crop conditions this week, although the 10–25mm most growers received on Thursday of last week was very welcome and should see some through to maturation. The majority of the Geraldton zone was fortunate enough to receive around 20mm which will hopefully enable the big crops to reach their potential and possibly result in a record season for the zone. The outcome for the northern part of the Kwinana zone was not dissimilar but some places further east missed out a little and will require another rain in the next couple of weeks to finish crops off and prevent yield prospects from going backwards. Unfortunately, the 10 day forecast isn’t looking promising and it appears we will be looking beyond that period for some rain.

I visited Esperance this week and the improvement over the last eight weeks is clearly evident. The three to four inches that fell in August will certainly give some areas hope of an average year. Obviously, further north in and around Salmon Gums is still in need of a soft finish if average yields are going to be realised.

Positive moves in our local markets this week with new crop bids higher across the three commodities. Canola tipped over $600/MT and finished up $14/MT higher for the week at $602/MT FIS Kwinana. Barley bids were about $10/MT higher with malt and feed bids closing at $370/MT and $330/MT FIS Kwinana respectively. APW1 in Kwinana was up $5/MT for the week at $345/MT FIS.

 

Pictured: Wheat in Scaddan WA

 

Prices as at 6th September

 

Follow us on social media