Grain Commentary

• Wheat: Steady ($435 to $445/tonne). Barley: Steady ($330 to $340/tonne). Maize: Steady ($480 to $490/tonne). Canola Meal: Steady ($450 to $460/tonne).
• Overall Victorian crops continue to progress well, however crops in the northern Wimmera and Mallee areas are starting to look thirsty as rainfall has diminished in past weeks.
• Wheat prices remain steady despite grower selling, as the trade and domestic end users appear to be covered in the nearby.
• Barley prices have risen slightly in the past week as buyers continue to have demand, but grower selling has reduced, in both spot and forward markets, given the recent weather conditions.
• General sentiment, however, is that there is still adequate stock remaining on farm and in bulk handlers to satisfy domestic demand until new crop.
  
  

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.