Report

Gippsland

20 May 2020

Chart
Table

Date	Gipps '23	Gipps '22	Gipps '5YA
06-Jan-23	424	380	360
13-Jan-23	420	380	363
20-Jan-23	415	380	363
27-Jan-23	415	378	362
03-Feb-23	410	375	361
10-Feb-23	420	365	357
17-Feb-23	425	365	356
24-Feb-23	430	368	355
03-Mar-23	415	370	351
10-Mar-23	415	378	352
17-Mar-23	415	395	361
24-Mar-23	415	395	361
31-Mar-23	405	400	362
07-Apr-23	405	400	364
14-Apr-23	408	408	368
21-Apr-23	410	415	374
28-Apr-23	405	420	377
05-May-23	400	435	379
12-May-23	400	468	384
19-May-23	400	500	393
26-May-23	400	500	395
02-Jun-23	400	485	398
09-Jun-23	400	470	393
16-Jun-23	403	485	394
23-Jun-23	405	480	390
30-Jun-23	410	465	387
07-Jul-23	400	435	382
14-Jul-23	393	438	382
21-Jul-23	385	440	384
28-Jul-23	400	410	380
04-Aug-23	390	420	384
11-Aug-23	395	420	387
18-Aug-23	398	415	386
25-Aug-23	400	410	386
01-Sep-23	400	405	384
08-Sep-23	410	400	384
15-Sep-23	420	400	385
22-Sep-23	425	408	392
29-Sep-23	423	415	390
06-Oct-23	420	415	386
13-Oct-23	415	425	394
20-Oct-23	410	450	398
27-Oct-23	410	450	396
03-Nov-23	400	460	395
10-Nov-23	400	470	396
17-Nov-23	400	460	398
24-Nov-23	405	430	394
01-Dec-23		425	392
08-Dec-23		420	385
15-Dec-23		430	388
22-Dec-23		435	388
29-Dec-23		428	387

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: Up $5 ($400 to $410/tonne). Barley: Steady ($360 to $370/tonne). Maize: Steady ($460 to $470/tonne). Canola Meal: Steady ($575 to $585/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.