WA Market Update – 25/05/2018

Reid Seaby, Agfarm Regional Manager WA

It’s been another dry week across WA but it seems our fortunes may be changing; short term weather forecasts are looking favourable for growers. A strong cold front looks as though it will hit most regions late Thursday night and into Friday morning, bringing with it widespread falls of 10mm or greater. It is likely this rain will see the emergence of all the dry sown hectares, of which we would expect to be well over 50% of estimated plantings given growers are now generally in the back half of their seeding programs. Another strong front not dissimilar to this system appears to be developing off the coast and is expected to sweep the majority of the state later next week. The two weather systems coupled with the warmer temperatures that we have been experiencing should see crops ‘bounce out of the ground’.

Solid moves for wheat over the past seven days with increases of anywhere between $2/MT and $15/MT across grades. APW1 in Kwinana pushed $8/MT higher to $303/MT FIS and H2 ended the week at $320/MT FIS, $15/MT higher than last week. Barley bids were unchanged while canola markets were mixed. New season APW1 was a touch higher to end the week at $313/MT FIS Kwinana.

Prices as at 24th May


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