South West WA

Notes:

Grain Commentary

Wheat: Down $10 ($315 to $325/tonne). Barley: Up $10 ($215 to $225/tonne). Triticale: Down $10 ($385 to $395/tonne). Oats: Steady ($385 to $395/tonne).

Planting is all but completed in Western Australia, with some unseasonable warm weather allowing crops to establish themselves. Rainfall is forecast across most of the state later this week, which could see softer prices over the next week if they eventuate. Further rainfall is desperately needed, however, in some areas following this weather to keep crops going.

Forward markets in the west were relatively unchanged this week, with low grower engagement supporting values despite a fall of approximately $10/t in CBOT wheat values in Australian dollar terms.

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.