Giles Ditchfield, Agfarm Account Manager South Australia
Commodity prices continued to gain in value this week as we progress further and further into the season. We were lucky enough to see some precipitation during the week however the storm resulted in very little rainfall. Prior to the front coming through it was very warm and windy, which has been far too common this season.
It’s decision time for most as they continue to weigh up if they are going to grow crops through to head or cut for hay. There is continued stress being placed on crops state wide, and we really need a soft finish and some kind conditions to take us through to harvest.
On the forecast front, there is not much for the next 8 days. Any rainfall now would be more than welcome as in most areas grain is busy filling its heads or close to finished.
New crop markets continued their upward trend. Canola has moved up to $615/MT in Adelaide and $604/MT in Lincoln. The market continues to see very little traction as growers are happy to grow their grain through and see what they reap before they make any more commitments on pricing. Most feel we shouldn’t see too much of a downside in the prices coming into harvest. APW1 MG in Adelaide is up to $435/MT while Lincoln track is up $9/MT on last week’s values currently at $390/MT.
Prices as at 4th October
* View of current market pricing. Does not represent current Agfarm bids.