VIC Market Update – 06/09/2019

James Ryssenbeek, Regional Manager VIC

2 minute read

There was a lot happening this week in Victoria. We’ve had some nice growing weather at around 20 degrees, canola hay cutting has commenced along the VIC/NSW border with more likely dependant on the patchy rainfall forecasted for today/tomorrow and grain markets have rallied.

This week Agfarm have been travelling from Adelaide through to Boort Victoria catching up with private silo operators. Happy to report that from Horsham to Boort via St Arnaud and Charlton everything looked very good. I’m told from the SA border to Horsham was likewise good. It is a bit tighter from Boort through to Bendigo. This was also where we saw more rust in cereals.

Both old and new markets reacted strongly to the warmer weather and talks of hay cutting. The growers I spoke with who had cut canola around Berrigan and Mathoura cut because they had the bulk but were concerned with lack of subsoil moisture. This sentiment continues through to Echuca and Swan Hill, but it’s a little early there yet. Our team also drove through Mildura and the northern SA Mallee. Without significant rainfall, it looks like this area will struggle to get much of a return.

All this talk was reflected in increased buyer enquiry, however selling has been limited while rainfall stays patchy and pricing firms.

Pictured: Canola near Bendigo

 
 
 
 
 
 
 

Prices as at 06th September

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

 

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