WA Market Update – 22/06/2018

Reid Seaby, Agfarm Regional Manager WA

This week Henry Davis and I spent some time on the road traveling to Esperance, visiting stores and catching up with growers along the way. We left Perth via the Brookton Highway passing through Brookton, Corrigan, Hyden and Ravensthorpe. As a general comment there is a relatively consistent level of emergence, but as you’d expect, the further east we drove the drier it appeared to get. An area 30-40km west of Corrigan was the most advanced and looking particularly good. Closer to Esperance there is an increased amount of variability in crops, both in terms of emergence and progression. These regions will likely face challenges with post-emergence sprays, given the inconsistent maturity.

Our return trip to Perth was via Jerramungup, Gnowangerup and Kattaning, crops between Gnowangerup and Kattaning were the most advanced but once again emergence appears to be quite consistent.

Given recent rain events growers now have the ability and confidence to take advantage of the strength we have seen in grain markets over recent weeks. Having said that, grower targets for APW1 sit around the $320/MT level, while it seems most growers took advantage of the high barley prices earlier on in the piece.

Mostly modest losses across the board this week with wheat markets closing $2-$6/MT lower.
 

Below is a quick video from myself and Henry Davis about where we went on our trip, what we saw on the road and what the grain markets are doing.

 

 

Prices as at 21st June

 

Follow us on social media