Report

South West Victoria

20 May 2020

Chart
Table

Date	SW '23	SW '22	SW '5YA
06-Jan-23	399	355	333
13-Jan-23	400	360	335
20-Jan-23	400	355	337
27-Jan-23	395	355	338
03-Feb-23	395	355	336
10-Feb-23	400	350	334
17-Feb-23	403	350	333
24-Feb-23	405	355	332
03-Mar-23	400	360	330
10-Mar-23	400	360	331
17-Mar-23	400	370	332
24-Mar-23	400	370	332
31-Mar-23	390	370	336
07-Apr-23	390	375	342
14-Apr-23	388	380	345
21-Apr-23	385	385	349
28-Apr-23	380	390	349
05-May-23	365	405	351
12-May-23	368	440	356
19-May-23	370	475	366
26-May-23	370	480	368
02-Jun-23	375	465	372
09-Jun-23	375	470	371
16-Jun-23	378	470	368
23-Jun-23	380	465	366
30-Jun-23	375	445	362
07-Jul-23	375	425	358
14-Jul-23	380	418	358
21-Jul-23	385	410	359
28-Jul-23	395	405	360
04-Aug-23	375	415	364
11-Aug-23	380	410	366
18-Aug-23	383	405	362
25-Aug-23	385	400	360
01-Sep-23	390	405	361
08-Sep-23	395	400	357
15-Sep-23	395	390	356
22-Sep-23	390	390	361
29-Sep-23	390	390	369
06-Oct-23	390	395	378
13-Oct-23	390	405	383
20-Oct-23	390	415	385
27-Oct-23	385	420	386
03-Nov-23	380	425	383
10-Nov-23	378	430	381
17-Nov-23	375	420	377
24-Nov-23	370	410	356
01-Dec-23		400	356
08-Dec-23		390	351
15-Dec-23		390	355
22-Dec-23		395	361
29-Dec-23		398	360

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 ($365 to $375/tonne). Barley: Down $5 ($315 to $325/tonne). Maize: Steady ($460 to $470/tonne). Canola Meal: Steady ($560 to $570/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.