CNSW Market Update – 30/08/2019

Anthony Hall, Regional Manager NSW & QLD

1.5 minute read

July was driest on record for some areas and it looks like August isn’t going to be much better with the end of the month nearing. How any crops are still surviving in northern NSW and QLD is a miracle. They’ve battled through extreme winds, warm days and are still hanging in there. There was some rain on Thursday night on the coastal areas of NSW and QLD but followed previous patterns and did not make it over the range. The Downs region picked up 5-8mm this week but the following day, it was hard to see where it had fallen. As the moisture profile is so depleted in summer cropping areas, we are going to need inches before anyone gets excited about sowing sorghum. The recently updated BOM three month forecast didn’t give anyone confidence the seasons are taking a turn for the better and it looks like we are going to experience similar weather patterns through to next year.

CQ wheat is likely to start hitting the bin as soon as next week for the early crops and should be in full swing in about two weeks. Some are thinking there will be a bit of protein due to the finish which will be good for the feed market.

The grain markets this week remained buoyant due to the long-term weather forecast pointing to a below average spring finish, which in turn has created a lack of grower offers in the market.

Prices as at 29th August

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

 
 
 
 
 
 

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