Grain Commentary

• Wheat: Up $5 ($480 to $490/tonne). Barley: Steady ($470 to $480/tonne). Maize: Steady ($610 to $620/tonne). Canola Meal: Steady ($540 to $550/tonne).
• Warmer weather in the past week led to solid harvest progress in most areas of Victoria, leading to solid grower selling and an increase in the amount of grain being delivered into the bulk handling system. Victorian harvest has crossed the half way point.
• The coming week will most likely be a different story as rain has moved from the west across the state. This is likely to slow down the pace of harvesting and the pace of grower selling.

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.

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.