Report

Darling Downs

Chart
Table

Date	DD '22	DD '21	DD '5YA
07-Jan-22	310	300	323
14-Jan-22	305	310	326
21-Jan-22	290	310	326
28-Jan-22	298	310	326
04-Feb-22	305	310	326
11-Feb-22	305	310	326
18-Feb-22	305	310	325
25-Feb-22	315	310	321
04-Mar-22	325	310	318
11-Mar-22	343	310	320
18-Mar-22	360	305	317
25-Mar-22	365	290	314
01-Apr-22	385	290	313
08-Apr-22	380	290	312
15-Apr-22	388	295	314
22-Apr-22	395	295	316
29-Apr-22	405	315	321
06-May-22	415	315	323
13-May-22	448	320	325
20-May-22	480	325	333
27-May-22	500	320	333
03-Jun-22	480	325	335
10-Jun-22	465	323	336
17-Jun-22	475	320	336
24-Jun-22	460	320	343
01-Jul-22	435	325	342
08-Jul-22		320	345
15-Jul-22		325	342
22-Jul-22		335	342
29-Jul-22		335	343
05-Aug-22		335	346
12-Aug-22		343	352
19-Aug-22		350	352
26-Aug-22		350	353
02-Sep-22		345	350
09-Sep-22		350	352
16-Sep-22		330	355
23-Sep-22		335	361
30-Sep-22		340	363
07-Oct-22		345	364
14-Oct-22		340	363
21-Oct-22		338	361
28-Oct-22		335	358
04-Nov-22		335	356
11-Nov-22		320	354
18-Nov-22		315	354
25-Nov-22		323	357
02-Dec-22		330	354
09-Dec-22		330	356
16-Dec-22		315	353
23-Dec-22		295	352
30-Dec-22		303	354

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: Down $25 ($430 to $440/tonne). Barley: Down $10 ($440 to $450/tonne). Maize: Down $10 ($435 to $445/tonne). Sorghum: Down $10 ($375 to $385/tonne).
Good progress has been made on summer crop harvests although rain forecasts may hinder this, while planting in western downs is moving towards completion.
Old and new crop bids for wheat are down as traders’ bids ease. Additional weakness in international values is, to some degree, adding to the more relaxed nature of buyers in the market.
Old crop barley bids are also lower in line with wheat values. The trade appears to have covered nearby shorts. Feedlots also seem to have enough coverage in the short term.
Sorghum harvest is still ongoing (although it will likely stop from Friday with forecast rainfall) with results of mixed quality. Prices have eased over the last week.