VIC Market Update – 16/11/2018

James Ryssenbeek, Agfarm Regional Manager VIC

Harvest is slowly progressing throughout the state, although high moisture and small showers mean we haven’t hit it off in a big way yet. Yield is variable as expected, but there have been some pleasant surprises. Growers around Werrimull are reporting ~1MT/ha with good quality which is great considering the tough season. There are also some good dryland barley crops near Echuca.

I’ve recently driven from Bendigo to the SA border. The best areas were between Nhill and Bordertown which had some good looking canola. There have been some reports of frost damage through this area but we won’t know the full impact until it has been harvested.

In market news, old season cereals are unchanged, but canola is off a little. New season continues to soften as we approach harvest, down $5-15/MT on the cereals and $10/MT on canola.

Pictured: A first-time irrigated corn crop is up and looking really good near Echuca. Left is Scott Burger from BR&C Agents and right is Paul Monagetti.

 
 
 
 
 
 
 
 
 
 
 

Prices as at 15th November

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

 

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