VIC Market Update – 12/07/2019

Tom Guthrie, General Manager Account Management

1 minute read

Well winter has well and truly set in across Victoria; days are short, cold and we continue to get showers across the cropping belt. Without wanting to sound like a broken record, production prospects continue to improve in Victoria and more broadly across the whole of the southern cropping belt from WA through to Southern NSW. This is not to say we are home and hosed, basis the BOM update yesterday we are far from it! However, as we stand today, crops are in good to excellent condition.

Markets were a little more interesting last week. Looking at old crop, canola is firmer and barley is steady, while wheat is off significantly as nearby demand is well covered. New crop markets were more stable. Wheat was steady while both barley and canola were softer to varying degrees. Grower selling generally remains light in Victoria.

Prices as at 12th July

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

 

 

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