Report

South West Victoria


Date SW '20 SW '19 SW '5YA
10-Jan-20 335 410 301
17-Jan-20 340 405 301
24-Jan-20 350 405 301
31-Jan-20 350 405 301
07-Feb-20 340 400 299
14-Feb-20 335 395 299
21-Feb-20 335 385 299
28-Feb-20 335 370 299
06-Mar-20 330 370 294
13-Mar-20 325 375 294
20-Mar-20 325 380 294
27-Mar-20 360 370 294
03-Apr-20 365 370 294
10-Apr-20 375 365 294
17-Apr-20 375 375 294
24-Apr-20 375 380 294
01-May-20 360 375 303
08-May-20 355 365 303
15-May-20 350 360 303
22-May-20 375 303
29-May-20 405 303
05-Jun-20 400 319
12-Jun-20 395 319
19-Jun-20 395 319
26-Jun-20 400 319
03-Jul-20 395 326
10-Jul-20 390 326
17-Jul-20 380 326
24-Jul-20 370 326
31-Jul-20 380 326
07-Aug-20 375 318
14-Aug-20 365 318
21-Aug-20 365 318
28-Aug-20 365 318
04-Sep-20 375 322
11-Sep-20 380 322
18-Sep-20 390 322
25-Sep-20 440 322
02-Oct-20 445 344
09-Oct-20 445 344
16-Oct-20 445 344
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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