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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

Select a location to view the grain price:

  • Location: Atherton Tablelands

    Week Ending05 August 2022
  • Location: Darling Downs

    Week Ending05 August 2022
  • Location: North Coast NSW

    Week Ending05 August 2022
  • Location: Central West NSW

    Week Ending05 August 2022
  • Location: Bega Valley

    Week Ending05 August 2022
  • Location: Gippsland

    Week Ending05 August 2022
  • Location: Goulburn & Murray Valley

    Week Ending05 August 2022
  • Location: South West Victoria

    Week Ending05 August 2022
  • Location: South East SA

    Week Ending05 August 2022
  • Location: Central SA

    Week Ending05 August 2022
  • Location: South West WA

    Week Ending05 August 2022
  • Location: North West Tasmania

    Week Ending05 August 2022

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
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.

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.


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