Grain prices fell over the last week — wiping millions of dollars from the value of the State’s haul — but farmers say yields are turning out to be much better than expected. Wheat prices fell by about $10/tonne to $310/tonne in the past week, and are down by $50/tonne since late October. Barley and canola prices dropped by about 5 per cent to $246/t and $612/t respectively during the week, as total grain receivals into the CBH network stormed past 10.35 million tonnes. Farmers say current prices are still strong, and falls are to be expected during harvest. Boyup Brook farmers Peter and Carolyn Reid, and son Alex, who are about half way through harvesting their 1000ha program, said yields for canola were shaping up to be 20-30 per cent better than anticipated. “We had a lot less rain this year than usual, and had expected an average season,” Mr Reid said. “But harvest results so far indicate we are on track for one of our best seasons yet.” Although the Reids haven’t started harvesting barley, their neighbours are reporting encouraging results. “The consistency in rain, and the fact it didn’t get cold enough to cause too much frost damage means it’s been a perfect grain growing season here. Sometimes it gets too wet, but that hasn’t happened this year,” Mr Reid said. He said while it’s always good to see grain prices going up, recent falls were to be expected and were typical during harvest. Mr Reid said like many farmers, he had forward sold some grain and locked in the better prices. CBH head of marketing Jason Craig said this week’s wheat price declines were partially driven by expectations of a bigger Australian crop, including wheat. The Australian Bureau of Agricultural and Resource Economics and Sciences has forecast Australia will deliver a 51.5 million tonne winter grain crop — second only to the record 57.7 million tonnes in 2016-17. “Other factors (behind the falls) were the stronger Australian dollar, and a weaker Chicago grain price,” Mr Craig said. The Grain Industry Association of WA last month forecast WA’s grain crop would be 13.98 million tonnes, but indicated this could be upgraded given early signs that crops were yielding better than expected. GIWA crop report author Michael Lamond said as harvest progressed there were widespread reports of yields being significantly better than expected, and it now appeared WA could achieve at least an average sized crop of about 15 million tonnes.