James Ryssenbeek, Agfarm Regional Manager VIC
Markets continue to be stable. The trade is seeing small rallies as consumers look to buy to cover short term requirements. However, as has been the case for a while now, most active is farm to domestic consumer. We are also seeing increasing purchases for stock feed. Lupins and beans are in demand. Feed barley is also moving around for sheep/stock feed where it competes with pellets.
Sowing is actively starting to get going. There were a lot of grader buckets around Echuca making dust, and some smaller operators starting to prep seed beds. Larger operators are still talking April start dry or not to get the program based on when they wish to harvest. Smaller operations are waiting for better weather options before committing to their plans. Canola is definitely coming off the boil in areas with little soil moisture.
Prices as at 15th March
* View of current market pricing. Does not represent current Agfarm bids.