November AgriDigital Network Harvest Update

Weather impaired logistics, input costs and macro uncertainties have been the key talking points for the grains industry through November.

Farmers fortunate enough to be getting a clean swing at their crops have received historically high ex-farm values and yields for cereals and canola.

Market dynamics are normally common knowledge, within the AgriDigital network there are some telling insights:  

Grower deliveries into the platform

• 80% grower deliveries remaining unsold as growers weigh up their marketing options
• Only 10% sold onto cash contracts

On farm quality metrics out of the >200kmt delivered;

Pace of deliveries into the AgriDigital network was overall surprising given the amount of moisture related delays.

Over 750kmt of delivered tonnes were recorded throughout November. 

• First week of November averaged 114 deliveries/day into AgriDigital Platform, last week saw 549/day.
• Still 11,000 deliveries or 55% less than the same week period last year

We will continue to bring you insights from AgriDigital Platform as the season progresses.