Report

Darling Downs

Chart
Table

Date	DD '21	DD '20	DD '5YA
08-Jan-21	300	440	354
15-Jan-21	310	450	354
22-Jan-21	310	460	354
29-Jan-21	310	460	354
05-Feb-21	310	455	352
12-Feb-21	310	450	352
19-Feb-21	310	445	352
26-Feb-21	310	445	352
05-Mar-21	310	440	345
12-Mar-21	310	430	345
19-Mar-21	305	440	345
26-Mar-21	290	460	345
02-Apr-21	290	480	353
09-Apr-21	290	495	353
16-Apr-21	295	485	353
23-Apr-21	295	490	353
30-Apr-21	315	470	353
07-May-21	315	450	354
14-May-21	320	440	354
21-May-21	325	425	354
28-May-21	320	415	354
04-Jun-21	325	405	354
11-Jun-21	323	395	354
18-Jun-21	320	390	354
25-Jun-21	320	385	354
02-Jul-21	325	385	356
09-Jul-21	320	390	356
16-Jul-21	325	400	356
23-Jul-21	335	400	356
30-Jul-21	335	405	356
06-Aug-21	335	405	361
13-Aug-21	343	395	361
20-Aug-21	350	390	361
27-Aug-21	350	385	361
03-Sep-21	345	345	355
10-Sep-21	350	335	355
17-Sep-21	330	330	355
24-Sep-21	335	323	355
01-Oct-21	340	315	356
08-Oct-21	345	305	356
15-Oct-21	340	310	356
22-Oct-21		310	356
29-Oct-21		315	356
05-Nov-21		310	349
12-Nov-21		300	349
19-Nov-21		300	349
26-Nov-21		305	349
03-Dec-21		300	348
10-Dec-21		300	348
17-Dec-21		295	348
24-Dec-21			348
31-Dec-21

Notes:

Change in price is the change since the last report. Prices are estimates based on delivery to dairy farms with allowance for freight, storage, and marketing costs, but exclusive of GST. Wheat prices are for the relevant stockfeed wheat available in a region (ASW, AGP, SFW1 or FED1) and F1 for barley.

The grain report has been commissioned by Dairy Australia to provide an independent and timely assessment of grain markets in each dairy region. This report is created using data provided by Profarmer Consulting. It should be remembered that actual prices may vary for quality or other reasons. Whilst all reasonable steps have been taken to ensure the accuracy of the information contained in this report, Dairy Australia disclaims all liability to the fullest extent permitted by Australian law for any inadvertent errors and for any losses or damages stemming from reliance upon its content. Dairy Australia recommends all persons seek independent advice and, where appropriate, advice from a qualified advisor before making any decisions about changes to business strategy.

Commentary

Wheat: Down $20 ($325 to $335/tonne). Barley: Down $5 ($285 to $295/tonne). Maize: Steady ($350 to $360/tonne). Sorghum: Steady ($290 to $300/tonne).
There was a cooler change leading into this week, after warm and dry conditions. There are reports that soil moisture conditions are deteriorating across much of the state.
Old crop and new crop wheat values are continuing their convergence with new crop values weakening. Local feed user interest remains focused upon the lower valued new crop market.
Barley supply is sparse but will pick up as harvest commences. New crop values are moving in tandem with wheat and are pressured by increased production estimates.
Old crop cereals and canola are finding patchy demand for the October delivery period, but end users are looking to stretch coverage until new crop comes off.