CNSW Market Update – 21/09/2018

Alistair Murphy, Agfarm Account Manager CNSW

This week has seen another rise in coarse grain values, anywhere between $3-5/MT.

The recent upside was mainly caused by recent frost activity in the southern states of the East Coast as well as Western Australia. The jury is still out on full effect of the recent cold snap, but we’re starting to hear reports of growers in Port Kembla and Victoria making the decision to cut for hay rather than take the crop through to harvest.

Closer to home, we still haven’t received any widespread follow up rain to give a confidence boost in the upcoming summer cropping window. Although we still have plenty of time up our sleeve for summer cropping, the medium term outlook for spring isn’t looking overly fantastic, so there is a little concern creeping into the market place.

Early winter crop harvest has kicked off in Central Queensland with one grower reporting H2 quality at 2.4MT/ha yield. This is a fantastic result considering the season, but we don’t expect this trend to continue as the majority of Queensland is in pretty ordinary shape.

On a lighter note Agfarm is once again the proud major sponsor of the Mungery Races, scheduled to be held on Sunday 30th of September. It’s always a fantastic day, so well worth a trip if anyone is looking for a great day out.

 

A rare site, some Canola at Tooraweenah that might lead to something harvestable with the right finish.

 

Prices as at 20th September

 

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