SA Market Update 30/08/2019

Kate Phillips SA Regional Manager

2.5 minute read

This week has seen the temperature drop across the state again and reports of frosts from the Yorke Peninsula through to the Murraylands. While we had hoped the longer-range forecast was incorrect it seems the rain has all but disappeared for the moment and sub soil moisture levels are once again getting to critical levels in much of the state.

Sticky beak days, crop walks and farmer technology days are on the increase as the season progresses and it’s been a great opportunity for many to get out and about to catch up, say hi, and see how things are progressing. The Agfarm SA team have been on the road this week from Coonalpyn to Tickera along with attending the Growing SA conference. The fun continues next week as we head to the Eyre Peninsula.

Crops for the most part are hanging in there, although the Upper Eyre Peninsula, Upper Mid North and those in the Riverland are really in need of even the smallest drink to keep them ticking along. It really is going to come down to rainfall and we’re keeping everything crossed for a kind and gentle finish to the season. The potential is there, we just need it to rain!

The weather has led to growers being all but disengaged in new crop forward sales programs with most taking a cautious “wait and see approach” to their marketing. This is more than understandable and with a number of buyers taking a similarly cautious approach on the back of a tough year last year. It has made for fairly quiet times.

We have seen some selling of old crop wheat and barley still sitting in warehouse as farmers look to clean up tonnage. F1 barley is connecting at $285/MT Port Adelaide while old crop wheat this week is sitting sub $300/MT at $295 Port Adelaide and $280/MT Port Lincoln. Delivered markets remain relatively quiet with ASW1 delivered Murray Bridge seeing bids at $320/M for September delivery.

Pictured: YP AG technology day hosted on the Bruce Brothers farm at Tickera. It was a great turn out with roughly 100 people attending throughout the day.

Prices as at 29th August

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

 

Follow us on social media