James Ryssenbeek, Agfarm Regional Manager VIC
Grain markets remained quiet this week with discussions generally centered around executing existing contracts. There continues to be domestic consumer demand and farmer to farmer trade for stock feed. Hay trucks have again started moving north into NSW/QLD from Victoria.
Old crop prices continue to soften due to lack of demand, with producers holding and consumers waiting to see how far prices may come off. That said, as prices fall, Australia becomes more export competitive in what is our key export window. Once we start to see export sales the domestic market is expected to move with consumers looking for coverage before grain goes overseas.
Prices as at 7th January
* View of current market pricing. Does not represent current Agfarm bids.