WA Market Update – 25/01/2018

Reid Seaby, Agfarm Regional Manager WA

With school holidays drawing to a close, growers will turn their attention to maintaining the moisture from last week’s rainfall and then managing the weed burden that may also result. The past 10 or so days have seen many summer weeds germinate and so growers have been visiting their local Primaries store to seek agronomic advice and to source their chemical.

Wheat bids moved favourably this week, despite the fluctuations in international markets and the firmer dollar. Grower selling remains slow but more seem to be looking to develop a sales strategy as we move into February and March. The pattern continues in the barley market as grade spreads continue to tighten, with feed barley prices and demand continuing to firm, driven by underlying demand for export sales. Unfortunately, the trend for canola also remains, with bids hovering around $500/MT FIS in the Kwinana zone. Although canola is typically a cash crop and generally sold at harvest time, it seems more growers are holding stock having missed some harvest selling opportunities due to the late nature of the season.

Prices as at Thursday 25th January 2018

WA pricing tables 201801255