Grain Commentary

• Wheat: Up $5 ($460 to $470/tonne). Barley: Up $10 ($470 to $480/tonne). Maize: Steady ($505 to $515/tonne). Canola Meal: Steady ($500 to $510/tonne).
• While markets here have been steadier, in some instances the recent direction of local feed grain values is still upwards.
• Recent rainfall in parts of Victoria has sustained the confidence about this seasons winter crop and has this has also brought some additional sellers to the market.
• Current prices may be doing more to ration demand in south eastern parts of the country, compared to northern NSW and Queensland.
  
  

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.