SA Market Update 30/11/2018

Kate Phillips, Agfarm Regional Manager South Australia

Harvest 18 is becoming more and more like me learning to drive a manual many years ago… bunny hop and stop, bunny hop and stop. This year is similar with headers rolling and then another rain coming through stopping them in their tracks. What looked like a harvest that would wrap up by early December in the areas that got an early start, may well drag out well into December.

The rain up until now has been more a nuisance than anything else but with rain on the forecast for the weekend and late next week we may well start to see impact on quality. The warmer weather over the past few days has seen headers out rolling at pace around the lower mid north region with growers getting through it as fast as possible before the next rain arrives.

As expected tonnes delivered into the system are well down on last year. At the end of last week Viterra had received just over 1.6MMT. This time last year the recievals were sitting at around 2.3MMT. Most areas are still going strong on barley and canola while the central region is pushing well into wheat. Wheat is holding up with a good percentage going hard, while barley is predominantly feed.

Markets were a bit of a mixed bag this week. We are seeing the barley market start to rally with bids of $322/MT and $302/MT respectively for both Port Adelaide track and Port Lincoln track. Wheat has followed suit with APW1 values rising $20/MT Port Adelaide track to end Thursday at $385/MT and Port Lincoln up $10/MT to end Thursday at $355/MT. The delivered market continues to price H2 and SFW1 for November/December delivery with H2 bids at $403/MT and SFW1 $383/MT.

Pictured: Ready for harvest at Freeling SA.

 

Prices as at 29th November

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

 

 
 
 

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