Report

Darling Downs

Chart
Table

Date	DD '22	DD '21	DD '5YA
07-Jan-22	310	300	323
14-Jan-22	305	310	326
21-Jan-22		310	326
28-Jan-22		310	326
04-Feb-22		310	326
11-Feb-22		310	326
18-Feb-22		310	325
25-Feb-22		310	321
04-Mar-22		310	318
11-Mar-22		310	320
18-Mar-22		305	317
25-Mar-22		290	314
01-Apr-22		290	313
08-Apr-22		290	312
15-Apr-22		295	314
22-Apr-22		295	316
29-Apr-22		315	321
06-May-22		315	323
13-May-22		320	325
20-May-22		325	333
27-May-22		320	333
03-Jun-22		325	335
10-Jun-22		323	336
17-Jun-22		320	336
24-Jun-22		320	343
01-Jul-22		325	342
08-Jul-22		320	345
15-Jul-22		325	342
22-Jul-22		335	342
29-Jul-22		335	343
05-Aug-22		335	346
12-Aug-22		343	352
19-Aug-22		350	352
26-Aug-22		350	353
02-Sep-22		345	350
09-Sep-22		350	352
16-Sep-22		330	355
23-Sep-22		335	361
30-Sep-22		340	363
07-Oct-22		345	364
14-Oct-22		340	363
21-Oct-22		338	361
28-Oct-22		335	358
04-Nov-22		335	356
11-Nov-22		320	354
18-Nov-22		315	354
25-Nov-22		323	357
02-Dec-22		330	354
09-Dec-22		330	356
16-Dec-22		315	353
23-Dec-22		295	352
30-Dec-22		303	354

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.