SA Market Update 16/08/2019

Kate Phillips SA Regional Manager

2.5 minute read

I have been lucky enough to spend the majority of this week traveling through the Eyre Peninsula checking on crops and visiting CRT and Platinum Ag stores in the area. Crops in the lower Eyre Peninsula are progressing well and the Upper Eyre Peninsular area around the Kyancutta to Kimba are hanging in there. This area will need a drink in the next couple of weeks or things may start to go backwards quickly.

Last week’s rain event across the majority of the state topped up moisture profiles for many areas along with topping up rainwater tanks. Areas from the Lower Eyre Peninsula, Yorke Peninsula, Murraylands and South East all recorded weekly falls in excess of 30mm. Those in the Riverland, Upper Mid North and Upper Eyre Peninsula sadly weren’t as lucky but did receive enough to keep them ticking along until we hopefully see the next rain event within the next 8 days.

Markets are still a bit of a mixed bag. Old crop numbers are back $5-10/MT for both wheat and barley with new crop singing a similar tune. Growers remain relatively quiet even on the back of the recent rainfall. The BoM forecast for the next few months and last year’s season is still at the front of many minds. As the season starts to sure up this will change as both growers and buyers step up to secure forward sales prior to harvest which will be here before we know it.

Pictured: Crops in Kyancutta in need of a drink but looking good.

Prices as at 15th August

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

 

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