SA Market Update 01/02/2019

Kate Phillips, Agfarm Regional Manager South Australia

Once again, it’s a similar tune playing on both the weather and pricing front with little change from last week. The BOM is still predicating a warmer and possibly drier first quarter of the year.

You may recall the maize day I attended on the flats at Murray Bridge during November. Well last week we returned to see the progress in crops. Below you can see the first photo from 23rd November, and the second photo from 10th of January. Dairy farmers who have adopted the crop are realising up to 20MT/ha of dry matter and are able to make a direct replacement from wheat to corn in the feed ration.

 

In markets news, wheat is continuing to become ‘just wheat’ with the grade spreads all but gone along with the small premiums that were being paid on malt barley. Turning our attention to 2019/20 crop prices and we are seeing those who have taken a position are doing so at around $300/MT for APW1 multigrade wheat and $245/MT for F1 barley multigrade Port Adelaide track.

Finally, an article in this week’s Stock Journal discusses possible support available in South Australia for farmers. While most of you will be well versed in all this information, I have included a link below from PIRSA looking into the different grants and drought assistance. pir.sa.gov.au/grants_and_assistance/drought_support

Prices as at 31st January

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

 

 

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