South West Victoria

Notes:

Grain Commentary

• Wheat: Up $5 ($305 to $315/tonne). Barley: Steady ($245 to $255/tonne). Maize: Down $35 ($345 to $355/tonne). Canola Meal: Steady ($440 to $450/tonne).
• The harvest season is nearly wrapped up across Victoria, with some areas towards the south still finalising deliveries.
• Wheat prices rose earlier in the week, following an increase in the global markets. Barley prices continue to rise, also in response to strong offshore values. However, canola prices have started to reduce as future markets begin to flatten.

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.