VIC Market Update – 22/03/2019

James Ryssenbeek, Agfarm Regional Manager VIC

There’s been no rain as yet, but we are getting ready for planting. However, canola might be off the menu for many without strong forecasted rain.

I presented this week with Ruralco Water and BR&C at Pyramid Hill to irrigated croppers and dairy farmers. The mood in the room was mixed. Locally some had soil moisture at moderate depth which won’t require too much to get going. But by the same token, others will require significant rainfall for a confident start. With water at $500/mg, agronomy advice was to plan for a dryland crop program and then use water to assist at key times. The next water update is in April.

Grain markets remain quiet with little to no change in pricing. Most movements continue to support domestic consumptive markets filling their April requirements, with some looking to June. There are still grain purchases in SA being transported to NSW. However, this appears not to be having a material impact on price. Grain purchases for stockfeed also continues to grow as we wait for rain in southern NSW and Vic.

Prices as at 22nd March

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

 
 
 
 

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