14/12/2018
MARKET REPORT WATERSHED COMMS:
Previous to this week’s rain, hot and dry weather has tied up winter crop harvest for the majority of central and Northern NSW. Barley was under pressure throughout the week with prices dropping up to $15/mt, this has been a result from imports from WA filling the gaps on ex farm selling. Barley is now trading up to $40/mt less than wheat which has not been seen for quite some time. Wheat has been trading with little price movement throughout the winter harvest, some good numbers of high protein wheat has been selling, with growers happy to see premiums for these higher grades of wheat.
This Past week has brought significant change coming into the festive season, with much needed rainfall across central west and northern NSW regions as well as southern Qld. Up to 60mm of rainfall has been recorded through areas of the Liverpool Plains and Narrabri/Moree regions. Growers have welcomed the rain with open arms, as it brings an enormous spark to the current summer crop that has been in much need of a good drink. over the past 2 weeks sorghum prices have no doubt softened with the anticipation of rainfall patterns and brings high hopes to growers as further late December showers are predicted which will increase sorghum yields dramatically.
DOMESTIC DELIVERED PRICES – WEEK OF 10/12/2018:
• Wheat – feed values remaining strong. $440 SFW1 delivered Downs for Jan 19, $443 delivered Texas Jan spread, $433 Liverpool Plains Jan, Brisbane port $415 FOT Jan, Newcastle port $420 FOT Jan.
• Barley – post Chinese anti-dumping prices have steadied. $407 F1 delivered Downs Jan spread, $423 delivered Rangers Valley Dec spread, $418 delivered Tamworth Dec spread. Brisbane port $380 FOT for Jan.
• Pulses – chickpeas delivered Downs $890 Dec spread, $870 Wee Waa Dec spread. Field Peas delivered Dubbo $615 for Jan, Field Peas del Parkes $605 Jan spread.
for enquiries please contact Sandy on 0427 715 578
