SA Market Update 12/07/2019

Kate Phillips SA Regional Manager

2.5 minute read

High winds and chilly conditions have hit South Australia over the past 48 hours. Its brought with it showers which have been well received even if they blew through the state sideways. Wind gusts Wednesday night were in excess of 100km an hour and brought with it some damage with trees down and a semi on the freeway blown over. The weather is expected to remain for the next few days as the state is visited by three polar pulses.

This week I’ve been on the road through the Murraylands and into the eastern parts of the south east. Crops are looking good with a carpet of soft green in most areas. Its lovely to be taking photos of areas that only a few months ago were dust bowls. The variation in crop progression seems to be from seeding timing more so than crops struggling. The rain has certainly added to the sub soil moisture levels which have been lacking and while this has certainly improved positivity, the possible drier than average spring is staying front of mind for some.

In marketing news, it’s been a week where buyers have stepped further away from the old crop market. Most are now POA for old crop bids and those who do have published bids are back $5-16/MT for barley and wheat. New crop multigrade bids have seen some interest from growers as confidence in the season’s possibilities grow. APW1 multigrade is back sitting sub $300/MT after briefly poking its nose over the $300/MT trigger mark earlier in the week. At this stage of the game, wheat spreads Port Adelaide range from +$20/MT for H1 through to -$70/MT for FED1. Feed barley spreads are hovering around -$5 to -$20/MT.

 

Pictured: Crops around Lameroo at different stages of development, but in general, all is looking good!

 

Prices as at 11th July

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

 

Follow us on social media