SA Market Update 31/05/2019

Kate Phillips, Agfarm Regional Manager South Australia

2 minute read

There has been a definite chill in the air this week, with daytime temps steady in the low teens and overnight temperatures hovering in the single digits. The smell of wood burning in fireplaces is heralding the official start to winter over the coming weekend.

Rain has continued to fall across much of the state to varying degrees. Areas such as the Eyre Peninsula, Yorke Peninsula and Mid-north have had falls from 10-20 over the past week, while areas around the Murray Mallee and Murraylands are still in need of a few solid rainfall events with 2-5 falling over the past week. The eight day outlook is showing the possibility follow up rain across most if the states growing areas.

Soil temperatures are hovering in the low to mid-teens. Sowing is speeding along in all areas and in varying degrees. All areas have those who are finished and those who are only just kicking off, a week from now will have the state all but done. Crops are emerging, and reports are positive for the most part, across the state.

Grain markets saw both the old crop barley and wheat bids lift across all port zones. F1 Barley broke back through the $300 mark Port Adelaide to sit around the $315 mark, a number that is seeing engagement for those few that have tonnes left to sell. Wheat is a similar story with strong gains week on week in the range of + $25 to be the north side of $300 at $327 Adelaide and $305 Lincoln. New Crop bids have gained momentum over the past week with APW1 multigrade again breaking through the $300 trigger point for many at $315 Adelaide and $305 Lincoln. F1 Barley multigrade is following suit with slightly softer gains with bids positioned around $265 Adelaide and $250 Lincoln. Delivered old crop bids are again sitting north of $300 with F1 delivered Wasleys $315 and Murray Bridge $325. ASW1 delivered Tailem is currently being bid $330.

 

 

Pictured: Freshly sown paddock near Bordertown, SA.

 

Prices as at 30rd May

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

 

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