Grain Report
Dairy Australia generates a grain report to help farmers make more informed decisions when buying grain. The grain report is updated 40 times per year and provides an independent and timely assessment of grain markets in each dairy region.
Grain prices by location
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Queensland
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New South Wales
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Victoria
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South Australia
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Western Australia
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Tasmania
Select a location to view the grain price:
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Wheat
$450 - $460$5Barley
$410 - $420SteadyMaize
$420 - $430$5Sorghum
$385 - $395Steady -
Wheat
$415 - $425$5Barley
$400 - $410SteadyMaize
$415 - $425$15Sorghum
$355 - $365$10 -
Wheat
$395 - $405SteadyBarley
$345 - $355$5Maize
$420 - $430$5Sorghum
$295 - $305Steady -
Wheat
$405 - $415$5Barley
$305 - $315SteadyMaize
$415 - $425SteadySorghum
$315 - $325Steady -
Wheat
$385 - $395SteadyBarley
$320 - $330-$5Maize
$395 - $405-$10Canola meal
$585 - $595Steady -
Wheat
$415 - $425$10Barley
$385 - $395-$5Maize
$465 - $475SteadyCanola meal
$590 - $600Steady -
Wheat
$390 - $400$5Barley
$370 - $380SteadyMaize
$395 - $405-$10Canola meal
$480 - $490Steady -
Wheat
$410 - $420$10Barley
$370 - $380$5Maize
$465 - $475SteadyCanola meal
$575 - $585Steady -
Wheat
$415 - $425-$10Barley
$365 - $375SteadyMaize
$420 - $430$10Canola meal
$620 - $630Steady -
Wheat
$405 - $415$10Barley
$370 - $380$5Maize
$435 - $445$5Canola meal
$405 - $415Steady -
Wheat
$405 - $415SteadyBarley
$335 - $345SteadyTriticale
$350 - $360$5Oats
$265 - $275-$10 -
Wheat
$505 - $515$10Barley
$475 - $485-$5Maize
$475 - $485SteadyCanola meal
$680 - $690Steady
International and national summary
National background comments: report for the week ending 05 August 2022.
The next update will be on Friday 12 August 2022. Direct links to reports on each dairy region immediately follow this international and national summary for grain.
Driving Prices Up
- Global corn markets found some support late last week due to hot, dry weather forecasts across the United States (US) corn belt. However, diminishing soil moisture reserves remain a concern.
Driving Prices Down
- International wheat and corn markets fell as the first shipment from Ukraine arrived in Turkey and passed inspection, with this deal between Ukraine, Russia, Turkey and the United Nations (UN) bolstering prospects of further exports from Ukraine in the near future.
- Soybean futures markets have come under pressure as concern grows around reduced Chinese demand (the largest buyer of US soybeans) after House Speaker Nancy Pelosi’s visit to Taiwan.
Global Trade News
- Philippines grain buyer San Miguel issued a tender for Australian feed wheat and barley to be shipped during October/November.
- Taiwanese feed association MFIG purchased around 55,000 mt of corn at around $334.30/mt CFR Taiwan sourced from South America, through Viterra for October/November shipment.
- Jordan’s state grain importer, The Ministry of Industry, Trade and Supply (MIT) booked 60,000 mt of feed barley for January 2023 shipment through Viterra at $336/mt CFR Aqaba.
- Dry bulk freight rates continued to weaken over the past week due to deteriorating demand for coal and iron ore imports from China on the back of a downbeat Chinese economy.
Local News
- The Australian Oilseed Federation have increased their canola production forecast for the 2022/23 Australian crop. Forecasts were increased to 5.5 million mt, the second largest on record and a 6 per cent increase on the last forecast. Favourable conditions and a record 3.425 million hectares planted drive this increased production estimate.
- The Australian Grains Industry Conference (AGIC) took place last week, discussions were dominated by ongoing issues with the supply chain at both a domestic and international level. This is following bumper crops over the last couple of seasons and another strong crop expected for the 2022/23 season.
- The Bureau of Meteorology (BOM) have updated their three-month forecast, indicating an increased chance of above-average rainfall for much of Australia through to the end of spring. These conditions being driven by the likely return of La Niña in the Spring and the formation of a negative Indian Ocean Dipole (IOD) weather pattern to our west.
Price change in table below reflects moves since previous report (29 July 2022)
All Location Grain Prices
05 August 2022 |
Wheat |
Barley |
Maize |
Sorghum |
|
---|---|---|---|---|---|
Atherton Tablelands | Price range
Change | $450 - $460 $5 | $410 - $420 Steady | $420 - $430 $5 | $385 - $395 Steady |
Darling Downs | Price range
Change | $415 - $425 $5 | $400 - $410 Steady | $415 - $425 $15 | $355 - $365 $10 |
North Coast NSW | Price range
Change | $395 - $405 Steady | $345 - $355 $5 | $420 - $430 $5 | $295 - $305 Steady |
Central West NSW | Price range
Change | $405 - $415 $5 | $305 - $315 Steady | $415 - $425 Steady | $315 - $325 Steady |
Wheat |
Barley |
Maize |
Canola meal |
||
Bega Valley | Price range
Change | $385 - $395 Steady | $320 - $330 -$5 | $395 - $405 -$10 | $585 - $595 Steady |
Gippsland | Price range
Change | $415 - $425 $10 | $385 - $395 -$5 | $465 - $475 Steady | $590 - $600 Steady |
Goulburn & Murray Valley | Price range
Change | $390 - $400 $5 | $370 - $380 Steady | $395 - $405 -$10 | $480 - $490 Steady |
South West Victoria | Price range
Change | $410 - $420 $10 | $370 - $380 $5 | $465 - $475 Steady | $575 - $585 Steady |
South East SA | Price range
Change | $415 - $425 -$10 | $365 - $375 Steady | $420 - $430 $10 | $620 - $630 Steady |
Central SA | Price range
Change | $405 - $415 $10 | $370 - $380 $5 | $435 - $445 $5 | $405 - $415 Steady |
North West Tasmania | Price range
Change | $505 - $515 $10 | $475 - $485 -$5 | $475 - $485 Steady | $680 - $690 Steady |
Wheat |
Barley |
Triticale |
Oats |
||
South West WA | Price range
Change | $405 - $415 Steady | $335 - $345 Steady | $350 - $360 $5 | $265 - $275 -$10 |
About the Grain Report
Why the grain report is created
Farmers, government, industry advocacy and businesses across the supply chain require independently produced, unbiased data on the industry to inform strategic decisions and policy formation.
Grain reports provide an independent industry view, bringing together key data and insights across the supply chain and industry without any vested interest.
The grain report is created using data provided by Profarmer Consulting.
Interpreting the reports
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 quality wheat available in a region (ASW, AGP, SFW1 or FED1) and F1 for barley.
Watch this video of dairy farm manager Brian Corr explaining how the weekly hay and grain email updates help him make more informed decisions on-farm.