VIC Market Update – 14/06/2019

James Ryssenbeek, Agfarm Regional Manager VIC

1.5 minute read

Good rainfalls again this week for most. With the exception of upper north west corner missing the big falls. Swan Hill, Ouyen, Kerang, Echuca all reported less than 10mm while the central Mallee, the Bendigo area and southern Vic recorded widespread 25+ mm on Wednesday. In these areas there has been enough rain in May/June to justify additional fertiliser applications bolstering lighter applications at sowing. For irrigators however the headwinds remain. May and June rainfalls have been welcomed as a substitute or reduction for pre-watering requirements, but the outlook for spring watering remains in doubt at profitable figures. >$350/MT is often used for cereals as a profit ceiling. There are a lot of irrigation bays sown dry too, which without irrigation water, will struggle to produce on soil types requiring significant water.

Markets remain relatively stable this week across new and old season. There has been some good end of financial year sales enquiries this week and we continue to service livestock farmers. I found most growers this week were looking for $5+ above the bid. “If I’ve held this long, I can probably wait a little longer” has cropped up a few times. New crop sales softened but pricing remained stable with rain finally falling in WA supported by good rain in SA and Vic this week.

Pictured: Cereals looking good near Thyra VIC

 

Prices as at 13th June

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

 

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