CNSW Market Update – 24/05/2019

Anthony Hall, Regional Manager NSW & QLD

1.5 minute read

No rain to report on this week so unfortunately sowing hasn’t really progressed with a fair percentage of central and northern NSW and southern QLD yet to make a start. Some areas to note that have got a crop in are Goondiwindi, north east of Moree and a strip from Gilgandra up to Coonamble and across to Coonabarabran and the Liverpool Plains. These areas have experienced a good germination and crops are growing very fast due to the unseasonal warm weather. There is concern though around moisture levels and follow up rain will be required within the next three to four weeks. For the dry sown areas and those yet to make a start, it is getting late in the season and yield potential will be cut the further they are pushed into June and July for planting. There looks to be a rain event coming throughout NSW and QLD in the first week of June, fingers crossed this eventuates.

The markets have responded to the dry outlook and late season this week with strong demand and strengthening of prices for all feed grains. Consumers are looking to gain coverage and get some length in their stock positions incase we see a repeat of last year.

Pictured: Good looking crop 20km west of Wee Waa.

Prices as at 24th May

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

 

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