VIC Market Update – 30/11/2018

James Ryssenbeek, Agfarm Regional Manager VIC

Harvest activity through most districts continues to trickle along despite rain disruptions. The rainfall standout this week was Warracknabeal and surrounding areas which received up to 35mm Tuesday night. This pulled up headers for a few days and they’re expected to start again tomorrow. Most other recorded falls throughout VIC were around 10mm or less. Here’s hoping we get a good run for the weekend, as the BOM is indicating a likelihood of continued light showers next week.

Markets remain quiet this week. Graincorp’s most recent update reflects the situation fairly well showing 317KMT received in Victoria this week verses 827KMT at the same time last year. Growers I’ve spoken to continue to warehouse grain or store onfarm in the hope of improving markets and/or waiting to know what they have in its entirety before committing.

For those with grain to sell, markets have been stronger this week vs last for both old and new season cereals. Barley has regained some of its standing, up $14/MT and wheat is up $6/MT. New season canola is marginally higher up $2/MT.

Pictured: A white and red wheat variety near Clarkefield just north of Melbourne. Yield expectations are 4.5MT/ha. Harvest should commence in four weeks.

 
 
 

Prices as at 29th November

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

 
 

 

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