Read grain data and statistics about the Bega Valley region.
Wheat: Down $5 ($415 to $425/tonne). Barley: Steady ($395 to $405/tonne). Maize: Steady ($490 to $500/tonne). Canola Meal: Steady ($500 to $510/tonne).
- The lead up to the forecast rainfall event which was due to occur in southern NSW and Victoria at around the time of writing had seen grain markets here take on a softer tone.
- In NSW this forecast rain, on top of rain from the Easter period, has seen an increase in production confidence. Should forecasts prove accurate, Victorian confidence is likely to also increase in response to the latest rainfall event.
- A decline in the demand side has again pushed wheat prices here lower. This decline has also been reflective of offshore/WA weakness.
- As was the case last year, those that have stayed in the market for barley have shown they have very inelastic/inflexible demand for barley.
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.
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.