SA Market Update 12/04/2019

Kate Phillips, Agfarm Regional Manager South Australia

So, what’s new in South Australia this week? Not much! Sowing will begin in the next week and it certainly looks like it will be a dry start. The radar is showing a little precipitation on the forecast, but this will still only be 1-5mm if we see anything.

Markets continue to be relatively flat. Week on week the only real change we saw was a slight increase in 2018/19 F1 bids with a +$5/MT for Adelaide zone to sit around the $305/MT level and Lincoln +$4/MT at $266/MT. New crop canola gained some strength as well, +$3/MT to sit at $533/MT for both Adelaide and Lincoln zones.

Both consumers and growers continue to be fairly disengaged from the market. The sheep feed demand is, however, remaining constant on the back of dry conditions and little feed on the ground. We are seeing sales around the $350-355/MT level delivered onfarm for mid north areas.

Prices as at 11th April

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

 
 
 
 
 
 
 
 
 

Pictured: Feed time with barley supplied by Agfarm.

 

 

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