Report

South West Victoria

20 May 2020

Chart
Table

Date	SW '23	SW '22	SW '5YA
06-Jan-23	399	355	333
13-Jan-23	400	360	335
20-Jan-23	400	355	337
27-Jan-23	395	355	338
03-Feb-23	395	355	336
10-Feb-23	400	350	334
17-Feb-23	403	350	333
24-Feb-23	405	355	332
03-Mar-23	400	360	330
10-Mar-23	400	360	331
17-Mar-23	400	370	332
24-Mar-23	400	370	332
31-Mar-23	390	370	336
07-Apr-23	390	375	342
14-Apr-23	388	380	345
21-Apr-23	385	385	349
28-Apr-23	380	390	349
05-May-23	365	405	351
12-May-23	368	440	356
19-May-23	370	475	366
26-May-23	370	480	368
02-Jun-23	375	465	372
09-Jun-23	375	470	371
16-Jun-23	378	470	368
23-Jun-23	380	465	366
30-Jun-23	375	445	362
07-Jul-23	375	425	358
14-Jul-23	380	418	358
21-Jul-23	385	410	359
28-Jul-23	395	405	360
04-Aug-23	375	415	364
11-Aug-23	380	410	366
18-Aug-23	383	405	362
25-Aug-23	385	400	360
01-Sep-23	390	405	361
08-Sep-23		400	357
15-Sep-23		390	356
22-Sep-23		390	361
29-Sep-23		390	369
06-Oct-23		395	378
13-Oct-23		405	383
20-Oct-23		415	385
27-Oct-23		420	386
03-Nov-23		425	383
10-Nov-23		430	381
17-Nov-23		420	377
24-Nov-23		410	356
01-Dec-23		400	356
08-Dec-23		390	351
15-Dec-23		390	355
22-Dec-23		395	361
29-Dec-23		398	360

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: Up $5 ($385 to $395/tonne). Barley: Steady ($325 to $335/tonne). Maize: Steady ($455 to $465/tonne). Canola Meal: Up $5 ($540 to $550/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.