VIC Market Update – 29/03/2019

James Ryssenbeek, Agfarm Regional Manager VIC

We’ve started…well some have.

Back to the border areas again this week. Seeding rigs are being prepared, but there is still a-ways to go for many. Those with irrigation will start pre-irrigating in the next two weeks. Ouyen croppers who have had some great summer rainfalls are into vetch and oats for feed with cereals not far off. From the conversations I’ve had, 25mm is all they’re looking at to get a good start.

Seed corn is now starting to come off and forage corn is near completion. Yields for both have been very pleasing, with ideal growing conditions from Boort through to Swan Hill. Closer to Kerang which is still very dry, dairy farmers are increasingly exploring lot feeding opportunities using imported feedstuffs over irrigated pasture as water prices hold high. One of the spinoffs of this approach is farmers are freeing up pasture areas which can be planted to other higher return (vs imported feedstuffs/pasture) crops.

Grain markets are quiet still. This is not surprising as we move to planting discussions. The best sales continue to be to local domestic consumers. Old season and new season stock bids and sales are few, cash and new season prices have pulled back some again.

Corn harvest underway in Boort

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Prices as at 29th March

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

 

Follow us on social media