Australia: Rain slows the northern harvest

게시됨 2024년 10월 18일

Tridge 요약

Storms and cool weather in Queensland and northern New South Wales have slowed harvest, causing market shorts. However, prompt northern prices have not reacted, with only the deferred-delivery ASW market increasing. Rain is ideal for recently planted sorghum and cotton. The market is concerned about the spate of wet weather. The northern half of the Riverina and certain regions in NSW received good rain, but some in the far south missed out. Consumers are reasonably comfortable with their coverage, following a buy-up of old-crop grain before the frosts. Canola and lentils are the cash crops of choice to sell this harvest.

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원본 콘텐츠

Storms, showers and cool weather have slowed the pace of harvest in Queensland and northern New South Wales, creating some shorts in the market. However, prompt northern prices have not reacted, with only the deferred-delivery ASW market ratcheting up. In the south, storms in parts of Victoria’s Wimmera district have caused some damage, but also brought light but yield-preserving rain to later crops, while struggling crops in South Australia have had some decent rain. Consensus is that the cutting of dry or frost-affected cereals and canola for hay is now over, and any crops left standing will now be taken through to harvest. Table 1: Indicative prices in Australian dollars per tonne. Storms and showers have rolled through parts of Qld and northern NSW this week to slow or stop harvest on many farms. Higher Qld registrations in the week to 9am today include: Capella 13mm; Clermont 9mm; Jondaryan 5mm; St George 22mm, and Springsure 6mm. Substantial falls for the week in the ...

출처: UkrAgroConsult