Report

South West Victoria


Date SW '20 SW '19 SW '5YA
10-Jan-20 335 410 310
17-Jan-20 340 405 310
24-Jan-20 350 405 310
31-Jan-20 350 405 310
07-Feb-20 340 400 307
14-Feb-20 335 395 307
21-Feb-20 335 385 307
28-Feb-20 335 370 307
06-Mar-20 330 370 302
13-Mar-20 325 375 302
20-Mar-20 330 380 302
27-Mar-20 360 370 302
03-Apr-20 365 370 308
10-Apr-20 375 365 308
17-Apr-20 375 375 308
24-Apr-20 375 380 308
01-May-20 360 375 314
08-May-20 355 365 314
15-May-20 350 360 314
22-May-20 345 375 314
29-May-20 340 405 314
05-Jun-20 340 400 321
12-Jun-20 330 395 321
19-Jun-20 320 395 321
26-Jun-20 310 400 321
03-Jul-20 300 395 323
10-Jul-20 310 390 323
17-Jul-20 320 380 323
24-Jul-20 325 370 323
31-Jul-20 325 380 323
07-Aug-20 315 375 317
14-Aug-20 305 365 317
21-Aug-20 290 365 317
28-Aug-20 285 365 317
04-Sep-20 285 375 316
11-Sep-20 260 380 316
18-Sep-20 265 390 316
25-Sep-20 270 440 316
02-Oct-20 275 445 344
09-Oct-20 275 445 344
16-Oct-20 285 445 344
23-Oct-20 445 344
30-Oct-20 445 344
06-Nov-20 445 331
13-Nov-20 445 331
20-Nov-20 345 331
27-Nov-20 345 331
04-Dec-20 320 312
11-Dec-20 325 312
18-Dec-20 330 312
25-Dec-20 330 312
27-Dec-19

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.

 

Grain Commentary

Wheat: Down $10 ($325 to $335/tonne). Barley: Steady ($240 to $250/tonne). Maize: Down $10 ($495 to $505/tonne). Canola Meal: Steady ($415 to $425/tonne).

A drop in offshore wheat futures values and an increase in the AUD softened wheat markets this week. The discount of spot barley in comparison to spot wheat is still very large, which is seeing some demand move from wheat and some downwards pressure on prices.

Grower selling for barley remains limited, however there has been a slight increase in grower engagement in these markets over the last week.

It is expected that low export demand, given tariffs on Australian barley from China, and favourable crop conditions will see a large excess of barley over the next season. Growers remain reluctant to sell barley, however, at current levels.
Notes:


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.


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