SA Market Update 9/11/2018

Kate Phillips, Agfarm Regional Manager South Australia

Harvest 2018 continues to be the one that keeps on giving. This week has seen rain and a cold front pass through the state bringing header halting falls and cooler temps having us all cracking out the winter jumpers again.

Rain gauges in most growing areas of the state have shown 5-20mm but areas in the south east have had up to 40mm in some pockets. It was nice to see the station country up north get some decent falls of over 50mm. This rain may bring some minor quality issues for those in higher rainfall areas where crops were ready to come off, but for the most part the rain will just bring a halt to harvest progress.

Harvest progress is at around 5% with just over 300,000MT coming into the bulk handing systems. The majority of this has been feed barley and a mix of higher protein and feed wheat. Yields are obviously down on last year, but we’re still hearing good news stories of yields above 3MT/ha in some areas. Other areas are reporting an average of 1MT/ha.

This week markets have remained steady to a small softening in most port zones and commodities. The dollar punching through the .72c mark hasn’t assisted bids and some early grower selling has assisted with pricing remaining slightly softer. Feed barley has seen the biggest downward move, less $9/MT for Port Adelaide track and less $15/MT for the Port Lincoln track. Canola remains at sub $600/MT levels from a few weeks ago. Port Adelaide track has seen small upward and downward moves to end the week at $575/MT and Port Lincoln track is unchanged week on week with bids at $555/MT. The week has seen some good seeling into the Adelaide feed wheat market with bids north of $400/MT for delivery in Nov/Dec. We are also still hearing of premiums being obtained at some mid north sites, proving to be worth the freight for some from as far as the Eyre and Yorke peninsulas

Barley Murraylands SA

 

Prices as at 8th November

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

 

 
 
 

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