Moisture will not be nice for harvest, and intermittent rain continues to gradual progress up and down each the east and west coasts. WA had a great run the week earlier than, with CBH receivals streaking forward of these on the east coast, shifting by means of 6 million tonnes. Final 12 months CBH obtained 19.5mmt and CBH’s revamped harvest report pegged progress at 24% full as of the nineteenth of November.
Every week later complete east coast receivals sat at 5.8mmt, down 2.6mmt on the identical week final 12 months as showers deny harvesters a great run at it. By week 6 final 12 months NSW GrainCorp receivals have been at 90.7% of the ultimate determine, whereas Victoria was at 48%. Issues don’t appear like enhancing within the coming week both, with rainfall predicted for all east coast cropping areas over the following 8 days. WA will dry out once more and will likely be taking a look at a giant week.
Harvest progress seems to be mirrored in wheat costs. Determine 2 exhibits the APW worth has moved larger in NSW and Victoria, as native demand competes with exporters for the slower provides. SA is especially an export market and costs haven’t been as robust, whereas WA pricing has been flat with robust provides anticipated to come back in.
The massive volatility in hay costs has abated considerably, however the final month has seen some sharp strikes, particularly in WA. On the finish of October, Dairy Australia reported pasture hay in South West WA fell $100/t. It seems to be like native hay provides have been replenished regardless of the drain attributable to the east coast drought.
On the east coast hay costs have continued to ease as baling continued, however they continue to be at a premium to this time final 12 months. The drive to refill sheds, together with moist climate delaying baling and impacting high quality, has all mixed to assist restrict worth declines. Hay costs stay near grain in Victoria and NSW, which suggests these producers who want the roughage are nonetheless involved about provides shifting by means of summer season and autumn.
