Grain Commentary

• Wheat: Down $5 ($435 to $445/tonne). Barley: Down $5 ($415 to $425/tonne). Maize: Steady ($575 to $585/tonne). Canola Meal: Steady ($530 to $540/tonne).
• Planting for the majority of Victoria and southern growing regions has commenced despite the lack of rainfall. Some light rainfall over southern Victoria has supported growers who have sowed their seed, however further rainfall events are needed in order to boost soil moisture.
• Wheat markets continue to remain relatively unchanged, growers continue to remain hesitant to enter 2019/20 markets. Demand for barley remains as feed grain continues to be moved from Western Australia to Eastern Australia.

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.