WA Market Update – 13/04/2018

Reid Seaby, Agfarm Regional Manager WA

Bids showed strength earlier this week but have come back to be generally softer than where we ended last week. Malt barley in Kwinana went against the trend, ending $10/MT higher at $300/MT FIS. Wheat bids were essentially unchanged but new crop APW1 was down $3/MT to $292/MT FIS. Old crop canola bids remain sluggish and with possibly up to 20% of the crop unsold, growers will be looking for some positive moves in the not-too-distant future.

Seeding is underway around the state, predominantly dry, but some are taking advantage of the unanticipated rain that fell in the last 10 days and are subsequently seeding into moisture. Although April 25th remains a common start date for most, growers who have big programs and/or are seeding longer season varieties have started earlier where rainfall generally doesn’t dictate start dates. The weather forecast is still showing little to no rain over the next fortnight, so for those commencing prior to Anzac day will seemingly be dry seeding. Although it is still very early, if we don’t get a good break by the second week of May, we might see more cereals in place of rotation crops.
 

Prices as at 13th April 2018

 

 
 
 
 
 
 
 

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