Report

Darling Downs

20 May 2020

Chart
Table

Date	DD '23	DD '22	DD '5YA
06-Jan-23	400	310	368
13-Jan-23	400	305	370
20-Jan-23	400	290	369
27-Jan-23	400	298	371
03-Feb-23	390	305	371
10-Feb-23	390	305	369
17-Feb-23	395	305	368
24-Feb-23	400	315	368
03-Mar-23	400	325	367
10-Mar-23	405	343	369
17-Mar-23	410	365	375
24-Mar-23	415	365	375
31-Mar-23	410	385	383
07-Apr-23	420	380	383
14-Apr-23	415	388	387
21-Apr-23	410	395	390
28-Apr-23	415	405	392
05-May-23	405	415	390
12-May-23	410	448	394
19-May-23	415	480	403
26-May-23	410	500	404
02-Jun-23	420	480	401
09-Jun-23	420	465	395
16-Jun-23	425	475	395
23-Jun-23	430	460	395
30-Jun-23	430	435	390
07-Jul-23	430	425	387
14-Jul-23	428	423	387
21-Jul-23	425	420	388
28-Jul-23	440	415	391
04-Aug-23	440	420	395
11-Aug-23	445	405	397
18-Aug-23	458	395	397
25-Aug-23	470	385	397
01-Sep-23	475	380	387
08-Sep-23	475	375	383
15-Sep-23	480	365	380
22-Sep-23	490	373	383
29-Sep-23	478	380	386
06-Oct-23	465	380	385
13-Oct-23	475	400	390
20-Oct-23	470	405	390
27-Oct-23	465	410	389
03-Nov-23	460	400	383
10-Nov-23	453	390	377
17-Nov-23	445	385	374
24-Nov-23	445	380	376
01-Dec-23		385	378
08-Dec-23		390	380
15-Dec-23		390	377
22-Dec-23		400	379
29-Dec-23		400	380

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 ($440 to $450/tonne). Barley: Up $5 ($435 to $445/tonne). Maize: Down $5 ($470 to $480/tonne). Sorghum: Down $15 ($435 to $445/tonne).
Growing areas in Queensland have experienced significant rainfall over the past week, with some areas receiving over 100mm, although other areas missed out and received less than 10mm. The system is not finished yet, with rainfall forecast to continue into next week. The recent rain is expected to see summer crop planting ramp up.
Wheat prices were softer this week as end users are mostly covered through into the new year. Traded volumes have declined with harvest now finished and grain in storage on farm and in depots.
Barley prices firmed as grower selling pulls back for the feed grades. Chinese demand also added support to the market.
Sorghum prices softened on the back of forecast rainfall which should see planting ramp up.