WA Market Update – 29/06/2018

Reid Seaby, Agfarm Regional Manager WA

Another cold front washed through WA this week with between 5 – 15mm falling across most districts. Although the recent rains haven’t been too significant, they have been occurring frequently enough to maintain the moisture levels and provide good growing conditions for crops and pastures. Daytime and overnight temperatures have been relatively mild which is also benefiting crop development, but it seems we will experience some colder weather over the next few days. As you’d expect given we are coming to the end of June, seeding is all but complete with only a handful of farmers still sowing some later crops or patching areas that didn’t germinate. The few who are still going are racing to finish before the strong cold front that is expected to hit the coastline on Monday of next week.

The news in markets wasn’t quite as positive with prices coming under pressure this week. Wheat was seeing red with new and old crop APW1 falling $2/MT and $8/MT respectively. Barley was unchanged with old crop feed staying at $295/MT FIS and malt remaining at $305/MT FIS in the Kwinana zone. Canola was mixed and the spread between CAN and CAG widened. CAN1 jumped $4/MT to end the week at $548/MT while CAG fell $4/MT week on week to settle at $516/MT FIS.

Photoed: Crop around Beverley progressing well.

 
 
 
 
 
 
 
 
 
 
 
 

Prices as at 28th June

 

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