Report

South West WA

20 May 2020

Chart
Table

Date	WA '23	WA '22	WA '5YA
06-Jan-23	341	310	315
13-Jan-23	340	325	321
20-Jan-23	350	330	327
27-Jan-23	350	330	324
03-Feb-23	340	330	320
10-Feb-23	355	330	318
17-Feb-23	358	340	320
24-Feb-23	360	360	323
03-Mar-23	355	380	326
10-Mar-23	355	383	325
17-Mar-23	355	385	331
24-Mar-23	355	385	331
31-Mar-23	350	385	333
07-Apr-23	350	385	331
14-Apr-23	350	388	327
21-Apr-23	350	390	331
28-Apr-23	350	385	327
05-May-23	350	395	327
12-May-23	350	400	323
19-May-23	350	405	325
26-May-23	350	430	336
02-Jun-23	360	430	340
09-Jun-23	360	425	337
16-Jun-23	360	425	336
23-Jun-23	360	415	335
30-Jun-23	365	390	328
07-Jul-23	355	370	324
14-Jul-23	358	365	320
21-Jul-23	360	360	320
28-Jul-23	370	410	333
04-Aug-23	360	410	334
11-Aug-23	350	405	336
18-Aug-23	370	378	331
25-Aug-23	390	350	327
01-Sep-23	390	340	324
08-Sep-23	390	335	321
15-Sep-23	390	330	321
22-Sep-23	390	330	326
29-Sep-23	390	330	329
06-Oct-23	390	335	330
13-Oct-23	390	345	335
20-Oct-23	385	365	339
27-Oct-23	380	350	336
03-Nov-23	375	355	334
10-Nov-23	385	360	334
17-Nov-23	395	380	335
24-Nov-23	400	365	331
01-Dec-23		350	322
08-Dec-23		335	323
15-Dec-23		330	326
22-Dec-23		345	327
29-Dec-23		343	327

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 ($395 to $405/tonne). Barley: Steady ($355 to $365/tonne). Oats: Down $15 ($400 to $410/tonne).
Cool and damp conditions over the past week have slowed harvest in central and south coastal areas. The 8-day forecast has some rain later next week in southern growing areas. Harvest is continuing across the state, with yields lower than expected but quality has been good.
Wheat and barley prices were mostly stable over the past week, holding steady given the building harvest pressure. Lower than expected yields is seeing prices hold on, and Chinese export demand continues to support barley markets.
Oat prices have softened this week but remain relatively high as feedlots look to lock in supply.