Farmers are becoming increasingly anxious about where grain prices will be at harvest time and heading into 2017.
Low forecasts have been circulating for some time, and reasons for higher prices are difficult to find.
Presenters at this week’s Australian Grains Industry Conference in Melbourne explained the pessimistic outlook, of burdensome supplies and the lack of significant production problems.
However, consensus is building that most of the bad news is already factored into prices and further declines are increasingly unlikely.
Domestic grain prices continued to fall last week.
Melbourne stockfeed wheat slid by a further $5 to $243, now down $16 in last four weeks. Feed barley bids into Melbourne tumbled by $16 to $194. Canola was down $2 to $493.
