VIC Market Update – 16/08/2019

James Ryssenbeek, Regional Manager VIC

2 minute read

There was good rainfall over the weekend for a lot of the state, a result of the snowy cold front. There are further light showers forecasted for the coming days. It is getting a bit too wet in the western districts now and some barely is yellowing off following 40-70mm through the area.

I spent this week between the Echuca and Swan Hill areas. Crops are looking very healthy throughout which is great, but the area will need rain to finish well. There is a lot of planet barley through this area and quite a bit has been grazed but is still looking very strong. Interestingly, I was told yesterday by an agronomist there are flag leaves appearing in some barley crops around Deniliquin. So, there could be an early harvest and it could also increase risk of frost damage with early maturity.

Old crop markets remain stable in Victoria with most sales enquiry coming from those clearing out silos. New crop has bounced around a bit this week following the USDA crop posturing. We are starting to see growers take some early cereal positions capitalising on current numbers. The same goes for both export and domestic hay sales. With the latest BOM update suggesting more average rainfalls into September, optimism should stay high for a good finish.

Pictured: Cobra wheat Strathallan

Prices as at 16th August

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

 
 

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