VIC Market Update – 02/08/2019

James Ryssenbeek, Regional Manager VIC

1.5 minute read

More rainfall, more urea and more money required are the common themes this week. There were good rainfalls earlier in the week along the VIC/NSW border from Robinvale through southern NSW, Deniliquin through to Albury then south into northern Victoria. Swan Hill picked up a needed 15-25mm as did Echuca. Unfortunately, the north west corner has again missed out.

For the Mallee, many are telling me they’re done now in their barley and canola crops, baring spray, and as a general comment everything looks very good. Being a drier week down south, it’s expected sowing rigs will be getting close to finishing up the missed parts with a short season spring barley.

Markets this week have been fairly stagnant with buyers and sellers watching the new crop with little interest in old crop for now. New crop rises from last week haven’t held this week. Conditions at this moment are generally very good in Victoria and we’ll watch to see what unfolds for spring in Vic and importantly NSW and QLD.

Prices as at 2nd August

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

 
 

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