WA Market Update – 06/09/2019

Reid Seaby, WA Regional Manager

1.5 minute read

Most of WA recorded decent rains over the weekend which will definitely help yield prospects as we move into the critical month of September. Although the heaviest of falls came near the coast, parts of the Geraldton and the north/eastern Kwinana zone had 5–15mm, around 10mm in Esperance and up to 25mm for areas in the Great Southern. Farmers are still keen for a further >25mm event to get them through, because without it, the crop potential will start declining rapidly, particularly as daytime temperatures start to climb.

The forecast is showing nothing for the next 10 days and next week is bringing temperatures in the high 20’s and low 30’s. This will cause soil moisture levels to deteriorate pretty quickly particularly given crops will be consuming lots of moisture as they tiller and come into head. On a positive note, the BOM’s September to November seasonal forecast shows WA is likely to see a wetter than normal September…. Fingers crossed this medium-term forecast is accurate!

Price moves have been positive this week with dry weather on the east coast and the absence of farmer selling maintaining a bullish tone domestically. WA’s barley bids have been well supported by the east coast and this pushed feed values $7/MT higher this week to $277/MT in Kwinana while malt values ended at $305/MT FIS. Wheat was higher across the board with bids jumping about $5/MT for the week. APW in the Kwinana zone is sitting at $320/MT FIS. Canola continues its slow increase with CAN1 in Kwinana bid at $621/MT.

Prices as at 05th September 2019

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

Follow us on social media