Report

Central West NSW

20 May 2020

Chart
Table

Date	CW '23	CW '22	CW '5YA
06-Jan-23	399	290	314
13-Jan-23	400	280	317
20-Jan-23	400	280	317
27-Jan-23	405	278	317
03-Feb-23	400	275	315
10-Feb-23	400	285	315
17-Feb-23	405	280	311
24-Feb-23	410	288	309
03-Mar-23	405	295	305
10-Mar-23	415	300	304
17-Mar-23	408	305	307
24-Mar-23	400	305	307
31-Mar-23	400	315	314
07-Apr-23	395	310	313
14-Apr-23	395	350	322
21-Apr-23	395	390	330
28-Apr-23	405	390	329
05-May-23	405	400	326
12-May-23	400	425	328
19-May-23	395	450	336
26-May-23	400	460	339
02-Jun-23	380	445	337
09-Jun-23	360	445	338
16-Jun-23	358	450	341
23-Jun-23	355	440	339
30-Jun-23	355	420	336
07-Jul-23	355	420	336
14-Jul-23	355	415	334
21-Jul-23	355	410	335
28-Jul-23	365	405	338
04-Aug-23	355	410	343
11-Aug-23	360	380	341
18-Aug-23	360	380	343
25-Aug-23	360	380	347
01-Sep-23	370	370	346
08-Sep-23	380	375	333
15-Sep-23	385	375	335
22-Sep-23	390	378	338
29-Sep-23	398	380	341
06-Oct-23	405	380	340
13-Oct-23	400	385	344
20-Oct-23	400	385	344
27-Oct-23	400	435	354
03-Nov-23	390	443	352
10-Nov-23	388	450	351
17-Nov-23	385	455	352
24-Nov-23	380	455	354
01-Dec-23		423	349
08-Dec-23		390	341
15-Dec-23		395	336
22-Dec-23		395	341
29-Dec-23		398	341

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 $5 ($375 to $385/tonne). Barley: Up $5 ($345 to $355/tonne). Maize: Up $15 ($460 to $470/tonne). Sorghum: Down $15 ($355 to $365/tonne).
Harvest continues to move south, with harvest in the northern part of the state mostly complete and the southern regions starting to focus on wheat. Harvest will be slowed down by the significant rainfall event forecast for the weekend and into next week.
Wheat prices were lower this week due to end users being covered into the new year and softer global prices earlier in the week. The high volumes of ASW1 harvested are keeping pressure on feed markets.
Barley prices were slightly stronger this week with Chinese demand providing support to the market.
Sorghum prices softened on the back of forecast rainfall which should see planting ramp up.