Report

Bega Valley

20 May 2020

Chart
Table

Date	Bega '23	Bega '22	Bega '5YA
06-Jan-23	419	355	370
13-Jan-23	415	355	373
20-Jan-23	400	350	372
27-Jan-23	395	350	375
03-Feb-23	405	350	374
10-Feb-23	410	355	371
17-Feb-23	413	355	369
24-Feb-23	415	328	362
03-Mar-23	410	300	352
10-Mar-23	415	293	349
17-Mar-23	415	295	353
24-Mar-23	415	295	353
31-Mar-23	400	300	355
07-Apr-23	415	305	358
14-Apr-23	418	308	361
21-Apr-23	420	310	365
28-Apr-23	405	315	366
05-May-23	385	385	380
12-May-23	388	410	383
19-May-23	390	435	389
26-May-23	390	440	391
02-Jun-23	400	440	397
09-Jun-23	400	440	397
16-Jun-23	400	445	397
23-Jun-23	400	430	392
30-Jun-23	410	410	385
07-Jul-23	390	400	382
14-Jul-23	385	395	381
21-Jul-23	380	390	381
28-Jul-23	400	390	384
04-Aug-23	400	390	386
11-Aug-23	400	385	388
18-Aug-23	405	385	387
25-Aug-23	410	385	389
01-Sep-23	405	375	388
08-Sep-23	415	375	373
15-Sep-23	430	370	374
22-Sep-23	435	380	379
29-Sep-23	435	390	382
06-Oct-23	435	390	392
13-Oct-23	430	400	395
20-Oct-23	430	415	397
27-Oct-23	420	410	394
03-Nov-23	410	413	390
10-Nov-23	405	415	384
17-Nov-23	400	415	386
24-Nov-23	400	410	392
01-Dec-23		415	394
08-Dec-23		420	393
15-Dec-23		425	392
22-Dec-23		430	396
29-Dec-23		423	393

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: Steady ($395 to $405/tonne). Barley: Up $5 ($355 to $365/tonne). Maize: Steady ($445 to $455/tonne). Canola Meal: Steady ($605 to $615/tonne).
Harvest is starting to ramp up in Southern NSW and Victoria but looks like it will come to a halt over the weekend with significant rainfall forecast. There are concerns that the rain may damage crops. So far though, yields have reportedly been strong and grain quality has been good.
Wheat prices have been even to slightly softer this week, due to harvest pressure and weaker offshore markets earlier in the week.
Barley prices were relatively steady this week, as harvest pressure weighed on the market and Chinese export demand provided support.
Lentil bids were slightly firmer despite the stronger Australian Dollar.