Read grain data and statistics about the South West Victoria region.
- Wheat: Down $10 ($295 to $305/tonne). Barley: Steady ($235 to $245/tonne). Maize: Steady ($475 to $485/tonne). Canola Meal: Steady ($415 to $425/tonne).
- Although crops in nearby grains areas are looking favourable, concerns about the dry weather forecast for the coming weeks is tempering the optimism of grain growers.
- In wheat markets, supply continues to outstrip demand, making for softer prices. Wheat supplies are still expected to get tight between now and this year’s harvest, however the extent to which this may place upward pressure on prices and/or to which it has already been factored into prices remains to be seen.
- With a sizable amount of spot demand having switched to barley (following the price declines seen earlier this year), prices have been steady to a touch firmer (though are still sitting at a significant discount to wheat).
- An increase in barley offerings at this time of the year has been on the cards for some time, if/when this happens some further downward pressure on barley prices can be expected.
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.