WA Market Update – 12/10/2018

Reid Seaby, Agfarm Regional Manager WA

Another week of wet weather in WA with the majority of grain growing regions experiencing some isolated falls of up to 20mm. The recent rains have been massive for most and have clawed back some of the yield potential forfeited throughout September. Although these rains have potentially pushed the start of harvest back a little, it remains close with guys in the north seeking to crank up toward the end of the month.

With crop production and yields firming up, growers are now more confident to consider further forward sales. Prices across the board remain strong and while barley and canola moved higher this week, wheat was bid lower. APW1 in Kwinana fell $8/MT to $362/MT FIS, malt barley traded close to $400/MT FIS and canola maintained its positive trend to end the week $5/MT higher at $617/MT FIS.

 

Prices as at 11th October 2018

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

 

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