SA Market Update 11/01/2019

Kate Phillips, Agfarm Regional Manager South Australia

Happy New Year and welcome to 2019! I hope you all had a great Christmas and safe and Happy New Year.

Myself, hubby and the three kiddos piled into the car and drove home to mums in NSW for a few days break. The drive across the Hay Plains in over 40oC is something I’m glad I only do once a year.

It’s been pretty quiet around the great state of South Australia since the start of the year. Many growers took the opportunity at the end of harvest to head away for a few days RnR. The unseasonal rain at the end of last year proved to be frustrating for those who were trying to get their final paddocks reaped and has meant some are back out in paddocks getting summer spraying under control.

Markets are just getting back into the swing of things after a quiet holiday period. The AUD took a dive Thursday last week dipping to a 10 year low at 67.15 US cents. It’s certainly bounced back though, now sitting at 71.80 US.

The delivered market is still providing some strong selling options for growers who have grain held onfarm. Both Murray Bridge and Wasleys are providing good opportunities with SFW1 at $385/MT and ASW1 at $390/MT. Feed barley continues to remain steady around the $350/MT mark for the Northern Adelaide market.

We’re seeing pricing for system stock start to make some small upward gains but even with these strong bids there seems to be very little grower selling, not forgetting these are historically high prices and many growers took the opportunity to sell at harvest. H1 is currently being bid at around the $415/MT mark with APW1 sitting just sub $400/MT.

The weather is warming up to over 40oC again in SA this week so please take care.

 

Prices as at 10th January

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

 

 

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