WA Market Update – 16/11/2018

Reid Seaby, Agfarm Regional Manager WA

Harvest progress was stalled a little in some northern and eastern areas after thunderstorms over the weekend, but most were harvesting again early to mid-week. Naturally the falls were variable and although some growers did receive dumps of close to 100mm, there has been no impact on grain quality at this stage. The Geraldton zone is pushing on well but harvest in the Kwinana, Esperance and Albany zones are in the early stages. From what has been reported thus far we remain on track to have an above average harvest. Esperance is a bit of a mixed bag with some parts expecting above average yields while others may not achieve their average after experiencing less than ideal conditions throughout the growing season.

CBH received 860,000MT last week which took the total thus far to just shy of 1.3MMT. And although the rain would have slowed things a little, CBH reported receivals had increased to 1.8MMT by Wednesday this week.

The market was softer again this week with all commodities and grades off $1-9/MT from last week. Barley was essentially unchanged with malt and feed values falling $1/MT to $373/MT and $315/MT respectively. Wheat prices were down with APW1 bids dropping $4/MT week on week at $351/MT FIS Kwinana. H2 was down $5/MT while ASW was the weakest, ending the week down $9/MT to $335/MT FIS.

Pictured:Harvest near Dalwallinu WA

Prices as at 15th November 2018

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

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Follow us on social media