SA Market Update 08/02/2019

Kate Phillips, Agfarm Regional Manager South Australia

There was some rain around the great state this week and although it barely put 1mm in the rain gauge, the somewhat unfamiliar light tapping on the roof just before dawn was a beautiful sound. Adelaide however is still in a dry spell and currently up to 50 days without rain. The record sits at 69 consecutive days with no rain, let’s hope this is a record the state doesn’t break! Looking at the positive side of the coin, it’s not unusual for it to be dry in the first quarter of the year in SA and there is still plenty of time for rain to fall and subsoil moisture levels to rise, at least this has kept the summer spray costs down for many.

In local grain markets we have seen prices stay relatively stable. Growers are still sitting back and watching for the most part but we’re seeing some good opportunity to sell into the domestic feed market. Those watching contract prices at sites will have seen buyers fairly disengaged. We may start to see this change as the USDA data starts to emerge from the US later this week.

Looking at the numbers, cereals have remained relatively unchanged week on week. Feed barley is back $5/MT with bids around $305/MT Port Adelaide and $347/MT Port Lincoln track. Wheat was back $1MT in Port Adelaide and back $3/MT for the Port Lincoln zone week on week. Canola in both Port Zones at this stage is still only attracting the attention of one or two buyers with bids hovering around $540/MT Port Adelaide and $520/MT Port Lincoln.

 

Pictured: A very happy hay bale near Poltalloch, SA.

Prices as at 7th February

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

 

 

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