North West Tasmania

Notes:

Grain Commentary

• Wheat: Steady ($410 to $420/tonne). Barley: Down $5 ($335 to $345/tonne). Maize: Steady ($405 to $415/tonne). Canola Meal: Steady ($455 to $465/tonne).
• Rainfall and cool conditions over the last couple of weeks could potentially see yields increase by 20% to 30%.
• Wheat prices firmed in the past week due to strength in offshore future markets.
• Barley prices also increased as concerns about a wet harvest slowed selling.
• Canola prices softened over the past week with offshore future prices proving to be the main driver of this.

This report has been commissioned by Dairy Australia to provide an independent and timely assessment of grain and hay markets in each dairying region. 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, to the fullest extent permitted by Australian law Dairy Australia disclaims all liability for any inadvertent errors and for any losses or damages stemming from reliance upon its content. Dairy Australia recommends that all persons seek independent advice and, where appropriate, advice from a qualified adviser, before making any decisions about changes to business strategy.