WA Market Update – 09/08/2019

Reid Seaby, WA Regional Manager

1.5 minute read

Most cropping regions welcomed showers over the last week, keeping things on track for the time being. Although most areas have adequate moisture for now, growers are seeking a good 20mm event to bolster moisture levels and maintain the crop’s potential. Unfortunately, the forecast for the next two weeks doesn’t look very promising and it doesn’t seem many areas will receive significant falls. This will take us to the latter part of August and moisture will start to be of concern as most crops in the state are only at the 3-4 leaf stage and well behind where they normally are for this time of the year.

A dry couple of weeks across most of WA has also kept growers on the sidelines with their grain marketing. The lack of grower engagement and the firmer tone on the east coast has offered support for WA bids. Weakness in the AUD also added support. Kwinana APW was up $5/MT to $320/MT FIS and ASW values are now pushing $300/MT. Next season’s wheat bids were also higher this week, jumping to $305/MT FIS. Feed barley was much stronger, up $11/MT from last week to $281/MT FIS in Kwinana. Canola has been trading in a tight range for the last few months but has recently popped and is now at $616/MT FIS Kwinana, up $10/MT from last week.

Prices as at 8th August 2019

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

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