CNSW Market Update – 08/02/2019

Anthony Hall, Regional Manager NSW & QLD

It was a disappointing week for the Central NSW and QLD winter cropping belt. As you can see from the below BOM seven day rainfall map there was absolutely nothing in the gauge. More frustrating for the central QLD area with substantial rain falling north, south and west of them. The lack of rain is obviously saving summer fallow sprays however building some profile for winter would be advantageous. One positive is the temperature has come back a little which is some relief for the later sorghum crops.

As summer harvest progresses we’re hearing more accurate figures on yield and quality with the early crops around the western downs going 1MT/acre and the later crops expected to be far less at around 250KG/acre. There has unfortunately also been reports of screening issues.

There was a softer tone to the markets this week. The lack of buyer bids saw prices trying to trend lower, however sellers were reluctant to sell the market down. SFW1 delivered downs was offered at $440/MT with little bidding activity. Sorghum Mar/April delivered Downs was $352/MT and May/June was at $348/MT. F1 barley came under pressure again this week and was bid into the Downs at $395/MT.

 
 
 
 
 

Prices as at 7th February

* View of current market pricing. Does not represent current Agfarm bids.

 

Follow us on social media