Report

Goulburn & Murray Valley

20 May 2020

Chart
Table

Date	GV '23	GV '22	GV '5YA
06-Jan-23	394	380	340
13-Jan-23	395	360	339
20-Jan-23	390	340	336
27-Jan-23	385	345	337
03-Feb-23	385	350	334
10-Feb-23	385	340	331
17-Feb-23	385	330	328
24-Feb-23	385	335	327
03-Mar-23	385	340	326
10-Mar-23	385	358	331
17-Mar-23	388	375	338
24-Mar-23	390	375	338
31-Mar-23	385	375	337
07-Apr-23	385	385	338
14-Apr-23	383	390	341
21-Apr-23	380	395	346
28-Apr-23	370	400	349
05-May-23	370	405	348
12-May-23	373	440	354
19-May-23	375	475	364
26-May-23	375	475	365
02-Jun-23	375	465	370
09-Jun-23	375	460	368
16-Jun-23	375	455	365
23-Jun-23	375	440	359
30-Jun-23	375	440	357
07-Jul-23	375	400	349
14-Jul-23	370	398	347
21-Jul-23	365	395	349
28-Jul-23	375	390	350
04-Aug-23	365	395	352
11-Aug-23	380	390	356
18-Aug-23	383	375	355
25-Aug-23	385	360	355
01-Sep-23	385	365	356
08-Sep-23		365	355
15-Sep-23		365	356
22-Sep-23		368	358
29-Sep-23		370	358
06-Oct-23		380	363
13-Oct-23		380	366
20-Oct-23		400	372
27-Oct-23		425	378
03-Nov-23		430	375
10-Nov-23		435	374
17-Nov-23		450	376
24-Nov-23		440	378
01-Dec-23		430	379
08-Dec-23		420	373
15-Dec-23		400	364
22-Dec-23		390	367
29-Dec-23		393	366

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.

The grain report has been commissioned by Dairy Australia to provide an independent and timely assessment of grain markets in each dairy region. This report is created using data provided by Profarmer Consulting. 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, Dairy Australia disclaims all liability to the fullest extent permitted by Australian law for any inadvertent errors and for any losses or damages stemming from reliance upon its content. Dairy Australia recommends all persons seek independent advice and, where appropriate, advice from a qualified advisor before making any decisions about changes to business strategy.

Commentary

Wheat: Steady ($380 to $390/tonne). Barley: Steady ($345 to $355/tonne). Maize: Steady ($440 to $450/tonne). Canola Meal: Up $10 ($545 to $555/tonne).
There have been no significant weather events over the past week, with reasonably mild conditions and small amounts of rain.
Wheat values were stable on last week, despite further offshore futures market weakness, so basis continues to push the boundaries toward the upside.
Barley bids were mostly steady to slightly higher on last week. New crop prices remain very firm with continued slow grower selling.
Lentils markets have exploded higher over the last couple of weeks.