Kate Phillips, Agfarm Regional Manager South Australia
It won’t be long, and the South Australian wrap will begin with harvest progress. The variability of the season and yield outlook continues to have a number of growers feeling the pressure as the warm weather and lack of moisture continue to make the going tough in many areas.
Grower discussions around grain marketing mixes; what, where and when to sell or what programs to deliver in to, have been a large focus over the past week. Most are taking the ‘wait and see approach’ in the final lead up to determine quality before committing. We’re continuing to see hay cut in all districts with buyers bidding up to secure supply.
In marketing news canola continues to be the commodity to watch with new crop Port Adelaide hitting $630/MT, up $28/MT week on week. Port Lincoln realised an $18/MT increase week on week to finish Thursday on $611/MT. Other commodities stabilised as the market settled. Growers are able to lock away tonnes well above where bids were three months ago and well above last season. 12 months ago, APW1 Port Adelaide was sitting at around the $246/MT level, F1 at $200/MT and Canola $521/MT.
Prices as at 11th October
* View of current market pricing. Does not represent current Agfarm bids.