VIC Market Update – 5/07/2019

Tom Guthrie, General Manager Account Management

1 minute read

The Victorian winter cropping belt enjoyed good to excellent rainfall over the weekend with 10mm to 40mm falling across the state. Victorian winter crops are generally now in good to excellent condition as we move towards the half way point of winter.

As is often the case, local grain markets have eased as production outlook improves. This has been most notable in old crop cereals, where trade and consumer buying have pulled back their bids during the first week of July as nearby requirements appear to be satisfied. The other notable move down in price was for new crop wheat, where the premium to the barley market locally and to the export market globally has led to a hard correction week on week.

Pictured: Crops near Deniliquin.

Prices as at 4th July

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

 

 

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