VIC Market Update – 19/07/2019

James Ryssenbeek, Regional Manager VIC

1.5 minute read

The first week back from holidays, and off see a slice of the Western Districts! What a difference a few weeks make. It’s very wet. No driving on paddocks and many areas looking very good. There is a clear difference between early sown and late sown crops, almost a 30cm on cereals. However, with a full profile, I’d imagine a bit of sunshine and everything will take off.

Urea supplies have been problematic from Portland but not so much from Geelong. I understand from the rural merchandise teams that in last 48hrs most areas have access to meaningful volumes now which is great. Further where there have been good rains agronomists are treating smut in barley.

Markets remain weather driven. On one hand, there are a lot of good crops, on the other hand the BOM isn’t painting a great picture for spring. This has resulted in softening prices early in the week, which stabilised later in the week. Consumers are still buying as required but they are looking for cover from September through to November at the moment.

Prices as at 19th July

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

 
 
 
 
 

Pictured: Cereal crop looking great north west of Werneth VIC.

 

 

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