Grain Commentary

• Wheat: Steady ($455 to $465/tonne). Barley: Up $145 ($440 to $450/tonne). Maize: Steady ($465 to $475/tonne). Canola Meal: Steady ($465 to $475/tonne).
• Wheat and barley markets have been relatively flat recently, with minimal liquidity in old crop markets leading up to harvest.
• As harvest progresses there will be a softer tone present in local markets.
• Currently new crop markets remain relatively buoyant with a lack of grower selling present due to most awaiting the outcome of October.
• Barley prices are a touch softer this week due to a lack of market activity.
  
  
  
  
  

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.