VIC Market Update – 03/05/2019

James Ryssenbeek, Agfarm Regional Manager VIC

1 minute read

Rain rain…well almost everywhere. Pretty good rains for most of Victoria this week. There were a few holes west of Horsham and some of the southern western dairy country didn’t receive much, but a 15-35mm range would cover the majority. What does it mean? Well depending on your scale and tendencies (ie not inclined to dry sow) those who haven’t made a start will, and those who have, if they received a good amount, will be happy. It also opens up weed management options with moisture and weed growth. Rain has definitely held up the sheep markets also!!

Markets remain quiet, but old crop wheat in particular, has come off significantly post Easter. This is partially due to improved weather, but also consumers are happy not to bid in a softening market. Conversely growers don’t want to sell into a falling market. Old crop sales continue to smaller local consumers, domestic homes and stock feed. Trade buys are sporadic. Some consumers say they have their immediate requirements covered, others are still buying as required. Following this week’s rain and with more potentially next week, both buyers and sellers will likely wait before making more moves.

Prices as at 3rd May

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

 

 

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