SA Market Update 17/05/2019

Kate Phillips, Agfarm Regional Manager South Australia

2 minute read

How good is the ground starting to look around SA at the moment! I’m always amazed at how a little rain and some warm ground temperature has barren land turning a tinge of green almost overnight. Not to brag too much, but we even have a few centimetres of water in our dam.

This week I took a drive around the Yorke Peninsula checking seeding progress and how the area is looking. The mood across not only the Yorke Peninsula but the state in general is one of optimism and positivity for the season ahead. While the majority of the state has had some nice rain over the past fortnight more is still needed. And while the ground is turning into a gentle sea of green, there is already dust being kicked up by sowing rigs in paddocks and vehicles on dirt roads.

With sowing charging ahead across the state, we should start to see sowing riggs being cleaned up and packed away for the next season. Others who waited for the rain are kicking off but will be going while the weather permits. The BOM is showing another possible front coming through over this weekend with follow up rain the week after.

 
Grain markets are almost as soft as the soil. Old crop markets have fallen again over the past week on the back of good rainfall and movements in the wheat market. Growers who are holding old crop tonnes are looking for homes before the price softens further and to free up cashflow for seeing costs. Old crop wheat has taken the biggest hit again this week, but barley bids are not too far behind. New crop canola bids have remained relatively unchanged week on week at $545/MT for both Adelaide and Lincoln tracks. The stock feed market continues to see interest from those still looking to feed sheep.

Until next week – happy seeding and may the rain fall where you are!

 

Pictured: Port Vincent, Yorke Peninsula

 

Prices as at 16th May

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

 

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