South West Victoria

Notes:

Grain Commentary

• Wheat: Steady ($305 to $315/tonne). Barley: Steady ($270 to $280/tonne). Maize: Steady ($310 to $320/tonne). Canola Meal: Steady ($470 to $480/tonne).
• A continued lack of rainfall and frosty weather is causing slow development in the Wimmera Mallee region. Rainfall over the next month is needed to improve crop fortunes.
• Wheat prices have remained quite buoyant despite the negative offshore price sentiment in the last week due to a lack of grower selling.
• Barley markets are continuing to show firmness relative to wheat and it feels like the more desired commodity on the bid side with a resurgence in interest from exporters and traders.

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.