Goulburn & Murray Valley

Notes:

Grain Commentary

• Wheat: Steady ($270 to $280/tonne). Barley: Down $25 ($215 to $225/tonne). Maize: Steady ($325 to $335/tonne). Canola Meal: Up $15 ($395 to $405/tonne).
• The harvest continues to progress in northern Victoria and has also commenced in parts of southern Victoria this past week, with warmer days finishing off the crop for those yet to make a start.
• Wheat markets softened a little this past week, as old crops have all but sold out, and new crops trading has not yet ramped up.
• Barley prices firmed slightly this week as Victorian prices now are at export parity, based off prices seen in the latest Saudi tender.
• Canola prices continue to remain surprisingly high given the expected production increase this season. Quality and oil have generally very good.

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.