Grain Commentary

• Wheat: Down $10 ($455 to $465/tonne). Barley: Down $5 ($440 to $450/tonne). Maize: Steady ($620 to $630/tonne). Canola Meal: Steady ($530 to $540/tonne).
• Barley and wheat markets were weaker this week due to a low level of market liquidity, most local feed buyers/end users appear to be covered now and will re-enter the market when they need to.
• Additionally, those growers that have grain in farm storage are happy to hold off and wait for better prices in the future.
• Upcoming summer crop is expected to provide extra competition in the feed grain market, especially barley, when it is available for purchase.

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.