WA Market Update – 05/10/2018

Reid Seaby, Agfarm Regional Manager WA

We have experienced some isolated showers throughout WA this week which will definitely be beneficial for most crops which are at grain fill stage. Having said this, spring to date has been unkind with a really dry September which saw little to no rainfall for most regions. This period knocked yield potential and has seen most of the trade reduce their production expectations. We are hopeful more rain comes in the next few days with a couple of systems predicted for parts of the wheatbelt during Friday and across the weekend. Although the warm and dry weather has accelerated maturation in some areas, further rain will bring welcome relief and help with both yield and quality if the falls are significant.

Canola was the obvious standout this week, the only commodity to move higher week on week. It jumped well above the $600/MT barrier to be $12/MT higher at $612/MT FIS in Kwinana while GM forged ahead $16/MT to $571/MT FIS. Wheat and barley were both marginally lower week on week but still represent great selling opportunities. APW1 in Kwinana was off $3/MT to $370/MT FIS while feed barley ended $6/MT lower at $345/MT FIS.

Pictured: Some aphids taking a liking to canola near Beverley

 
 
 
 
 
 
 
 
 
 
 

Prices as at 4th October

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

 

Follow us on social media