VIC Market Update – 18/04/2019

James Ryssenbeek, Agfarm Regional Manager VIC

More farmers have started sowing this week predominately stockfeed; vetch, oats and pasture. Weather continues to make for cautious planning across all forms of agribusiness at the moment, but I did speak with a grower near rainbow who will start lupins this week. There is still plenty of time to get the main grain crops in before the window closes, so fingers crossed the weather is kind between now and then.

Markets remain quiet. Stockfeed sales continue, but as a general comment, old season sales remain very quiet. Sellers want to see if lack of rain will push prices up, and buyers don’t want to push prices just prior to sowing so are buying as required. New season crop values have strengthened slightly over the week although trade has been limited. Most rallies would likely be weather driven at this time.
Happy Easter everyone, may the weather and the chocolate be good to us all!

Prices as at 18th April

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

 

 

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