South West WA

Notes:

Commentary

• Wheat: Down $15 ($320 to $330/tonne). Barley: Steady ($260 to $270/tonne). Triticale: Down $15 ($265 to $275/tonne). Oats: Down $5 ($280 to $290/tonne).
• The harvest has been on and off again this week following bouts of wet weather across the state.
• Wheat prices fell this week due to the stronger AUD and weaker future prices.
• Barley prices followed wheat and decreased this week with the stronger AUD also impacting prices.
• Both GM and non-GM canola prices continued to increase, with higher than expected yields.
• Lupin prices have softened this week however there are not a lot of grower selling at this price level.

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.