Report

Goulburn and Murray Valley


Date GV '20 GV '19 GV '5YA
10-Jan-20 360 420 294
17-Jan-20 365 420 294
24-Jan-20 360 415 294
31-Jan-20 365 415 294
07-Feb-20 355 405 291
14-Feb-20 350 400 291
21-Feb-20 350 385 291
28-Feb-20 350 370 291
06-Mar-20 345 365 285
13-Mar-20 340 365 285
20-Mar-20 340 375 285
27-Mar-20 365 370 285
03-Apr-20 375 370 285
10-Apr-20 385 365 285
17-Apr-20 390 370 285
24-Apr-20 390 370 285
01-May-20 375 365 293
08-May-20 370 355 293
15-May-20 365 345 293
22-May-20 360 355 293
29-May-20 355 385 293
05-Jun-20 355 380 308
12-Jun-20 350 375 308
19-Jun-20 345 375 308
26-Jun-20 335 375 308
03-Jul-20 325 370 317
10-Jul-20 325 365 317
17-Jul-20 335 355 317
24-Jul-20 340 345 317
31-Jul-20 340 345 317
07-Aug-20 330 345 311
14-Aug-20 325 345 311
21-Aug-20 310 345 311
28-Aug-20 305 345 311
04-Sep-20 305 345 312
11-Sep-20 300 350 312
18-Sep-20 305 360 314
25-Sep-20 293 365 314
02-Oct-20 280 370 327
09-Oct-20 280 370 327
16-Oct-20 290 370 327
23-Oct-20 295 370 327
30-Oct-20 305 370 327
06-Nov-20 300 370 321
13-Nov-20 275 370 321
20-Nov-20 275 370 321
27-Nov-20 275 370 321
04-Dec-20 345 312
11-Dec-20 350 312
18-Dec-20 360 312
25-Dec-20 360 312
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 $5 ($345 to $355/tonne). Barley: Down $5 ($245 to $255/tonne). Maize: Down $10 ($495 to $505/tonne). Canola Meal: Steady ($400 to $410/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.


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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