Dairy farmers and opportunity feedlotters are likely to absorb what could well be a considerable tonnage of stained wheat and barley created by recent rains which soaked crops on the point of harvest in Victoria, southern NSW and parts of South Australia.
Graincorp estimates the amount of feed wheat created by heavy rain in the past week is likely to be absorbed domestically by the feedgrain market in Australia’s eastern states, where a northern deficit continues to keep tonnage away from export.
Harvest receivals in the eastern states have reached 6.54 million tonnes (Mt), not far behind the 7.11Mt received in the Western Australian harvest to 30 November.
Unharvested wheat and barley in Victoria, southern NSW and eastern South Australia will struggle to make premium grades following an unwelcome 25-100 millimetres of rain and more in places over Friday and Saturday.
Frost over recent months may have cost southern Australian croppers close to $200 million as harvest begins to reveal the full extent of the damage.
Eastern states bulk handler, GrainCorp Ltd, has taken in 1.023 million tonnes of grain in total in the 2017 harvest to date, up from 717,000t last Monday, as the Victorian harvest fires up and the Queensland one winds down.
Eastern states bulk handler, GrainCorp Ltd, says in its first weekly update for the 2017 harvest that a total of 717,000 tonnes of grain have been received at its sites as of today.
Pulse Australia’s estimate for Australia’s 2017 lentil production has this week been lifted 29 per cent to 540,000 tonnes from the ABARES figure of 419,000t released in its September crop report, while the faba bean estimate has taken a hit, dropping 11pc to 305,000t from last month’s ABARES estimate of 341,000t.
Any likelihood of Victoria producing as much wheat as NSW from the upcoming harvest now seems unlikely in the wake of its dry start to spring, which has Mallee and Wimmera crops looking for rain this week to bolster yield outlooks and offset some frost damage.
Large-scale properties on the plains of south-eastern Australia have grabbed the limelight with the listing this week of the prized 15,000-hectare holding, Gundaline Station at Carrathool, and the sale at auction last week of Roseochi, a dryland aggregation in the Murray/Mallee which has set a new per-hectare price record for large-scale cropping country.