Grain Commentary

• Wheat: Down $5 ($460 to $470/tonne). Barley: Down $10 ($430 to $440/tonne). Maize: Steady ($575 to $585/tonne). Canola Meal: Up $10 ($550 to $560/tonne).
• Some rainfall in southern NSW and Victoria has set up these areas well for the season with moisture profiles in these areas full or very close to full.
• Wheat and barley markets have softened this week due to good rainfall taking the heat out of the market.
• The rainfall in these areas has not yet encouraged growers to release their tonnes, grower selling is currently sporadic.

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.