SA Market Update 22/03/2019

Kate Phillips, Agfarm Regional Manager South Australia

It’s been another week spent in the ute seeing both growers and stores in the Mildura and Berri/Loxton areas. The BOM forecast looks like it will continue to make us play the waiting game but there could be a small reprieve from the dry with 1-10mm a possibility within the next four to six days. We will take what we can get.

I’ve been seeing more and more sowing rigs coming out of sheds in preparation for the April kick off. A number of growers this week said they will make a start anywhere from the 15 – 27th April with or without rain. However, there are still plenty of growers adopting the “wait and see” approach which is understandable on the back of a dry lean season.

Markets are a mixed bag again this week. While the majority of wheat, barley and canola softened week on week, the largest downward move came in the new crop APW1 multigrade bids. Domestic markets are seeing interest from stock feeders who are starting to move back into the market as their length starts to tighten. Those who have grain in the system and onfarm are holding firm with the view feed markets will need to strengthen to get them to loosen their hold. Time will tell.

 

Picture: Irrigation at Pinnaroo

 

Prices as at 21st March

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

 

 

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