VIC Market Update – 26/07/2019

James Ryssenbeek, Regional Manager VIC

1.5 minute read

I have been on the road again this week, tracking from Drung through to Goroke, Hopetoun and then back down to Brim. Just quietly… wow. In general, most of this part of Victoria picked up good rainfall through summer, followed up by good rains since sowing. Following the strong prices last harvest, many growers have planted Faba beans, as well as plenty of canola and vetch. The consistency of crop health and size across all crop types is impressive. However, it is important to remember last season’s outcome. A lot of growers will be looking for 2 seasons from one to catch up from disappointing results last year. It has also been a financially challenging season for some with little crop last year, followed by an expensive summer spraying program. Still, you wouldn’t trade away this start.

Most growers in the areas I have visited this week are reporting that crop health is good, but they would like to start some preventative spraying, however wind and boggy paddocks are delaying this to a point. Most growers will also be looking to start fungicide application in the coming weeks. There has been little forward selling despite the good start, with some thinking they will start looking at numbers in the coming month if the good conditions continue. A comforting thought for many if the weather does dry out as the BOM is predicting, is that hay will be a good plan B. there is enough moisture for good yields, and definitely plenty of demand – Vic drought stockpiles will need to be replaced and with NSW and QLD looking at continued dry weather, there will be plenty of homes for Victorian hay.

Pictured: cereals, pulses and canola all looking good in Victoria.

 
 
 
 
 

Prices as at 26th July

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

 
 

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