Darling Downs

Notes:

Commentary

• Wheat: Down $10 ($295 to $305/tonne). Barley: Down $10 ($250 to $260/tonne). Maize: Steady ($375 to $385/tonne). Sorghum: Steady ($340 to $350/tonne).
• Queensland weather has remained relatively favourable and warm, allowing the harvest to progress. The harvest is now entering its final stages across southern Queensland.
• Local wheat markets have weakened as the central and southern New South Wales harvest commences and the AUD strengthens.
• The likelihood of a significant New South Wales crop has increased following favourable weather forecasts. This has seen barley prices trend downwards in recent weeks.
• Old crop sorghum prices continue to be elevated, with demand to meet Chinese container interest the key demand driver.
• Chickpea prices continue to decline rapidly as sizeable volumes enter the pipeline from northern New South Wales and international demand remains subdued.

This report has been commissioned by Dairy Australia to provide an independent and timely assessment of grain and hay markets in each dairying region. 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, to the fullest extent permitted by Australian law Dairy Australia disclaims all liability for any inadvertent errors and for any losses or damages stemming from reliance upon its content. Dairy Australia recommends that all persons seek independent advice and, where appropriate, advice from a qualified adviser, before making any decisions about changes to business strategy.