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Report iconReport

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 Ending14 January 2022
  • Location: Darling Downs

    Week Ending14 January 2022
  • Location: North Coast NSW

    Week Ending14 January 2022
  • Location: Central West NSW

    Week Ending14 January 2022
  • Location: Bega Valley

    Week Ending14 January 2022
  • Location: Gippsland

    Week Ending14 January 2022
  • Location: Goulburn & Murray Valley

    Week Ending14 January 2022
  • Location: South West Victoria

    Week Ending14 January 2022
  • Location: South East SA

    Week Ending14 January 2022
  • Location: Central SA

    Week Ending14 January 2022
  • Location: South West WA

    Week Ending14 January 2022
  • Location: North West Tasmania

    Week Ending14 January 2022

International and national summary

National background comments: report for the week ending 14 January 2022.

The next update will be on Friday 21 January 2021. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

  • Brazil’s food body has lowered its production forecasts for corn and soybeans amid ongoing drought conditions. Brazil’s total corn crop output was cut to 112.9 million mt from last month’s 117.2 million mt forecast. Brazilian soybean production was reduced to 140.5 million mt, 1.6% lower than December.
  • The USDA’s World Agricultural Supply and Demand Estimates has cut its forecasts for global corn production and ending stocks, though increased US corn production has helped ease market concerns somewhat. Cuts to global soybean stocks and output was also forecast due to reductions in production across South America.

Driving Prices Down

  • The USDA’s World Agricultural Supply and Demand Estimates report is forecasting increased US ending wheat stocks due to reduced domestic use and exports. Increased US winter wheat planted area for the coming season is also weighing on futures.
  • China’s Agriculture Supply and Demand Estimates report has cut its forecasts for feed and industrial corn demand by 3 Mmt for the 2021/22 period. This has been driven by weak hog prices, and increased exports of competing feed grains (barley and sorghum in particular).

Global Trade News

  • South Korea's feed making association, Major Feedmill Group (MFG) booked 55,000 mt of feed wheat from Louis Dreyfus paying US$334/mt CFR to be loaded in Feb/March. Large feed wheat volumes are meaning Australia is proving a competitive option for the Asian market.
  • Dry bulk freight rates continued to move higher for the third week in a row as increased demand for both coal and iron ore from China offset a decline in dry bulk freight requirements across the Pacific and trans-Atlantic.
  • The Turkish Grain Board (TMO) has issued a tender set to close next Thursday for 345,000 mt of feed barley for shipment during the February/March.
  • Korea Feed Association has purchased 130,000 mt of corn at an estimated US$334/mt CFR for March and April, delivered from Viterra.

Local News

  • The release of Australian November export figures shows China as Australia’s largest market for wheat exports, purchasing a full 30% season to date and overtaking Indonesia as the number one wheat buyer. China continues to buy large amounts of wheat with over 1.6 Mmt expected to be shipped by the end of Jan.
  • Western Australia has now recorded over 21 Mmt of receivals (a state record) with more grain still to be harvested. GrainCorp receivals have now hit 12.6 Mmt with Viterra nearing 5.6 Mmt for the season.

Price change in table below reflects moves since previous report (07 January 2022)

All Location Grain Prices

14 January 2022

Wheat

Barley

Maize

Sorghum

Atherton Tablelands
Price range
Change
$395 - $405
-$5
$325 - $335
-$5
$315 - $325
-$45
$325 - $335
Steady
Darling Downs
Price range
Change
$300 - $310
-$5
$285 - $295
$10
$315 - $325
-$45
$300 - $310
Steady
North Coast NSW
Price range
Change
$290 - $300
Steady
$230 - $240
Steady
$385 - $395
-$10
$295 - $305
$5
Central West NSW
Price range
Change
$275 - $285
-$10
$240 - $250
$5
$385 - $395
-$10
$265 - $275
$10

Wheat

Barley

Maize

Canola meal

Bega Valley
Price range
Change
$350 - $360
Steady
$250 - $260
Steady
$375 - $385
-$10
$490 - $500
$25
Gippsland
Price range
Change
$375 - $385
Steady
$295 - $305
Steady
$415 - $425
-$10
$495 - $505
$25
Goulburn & Murray Valley
Price range
Change
$355 - $365
-$20
$285 - $295
$10
$370 - $380
-$15
$480 - $490
Steady
South West Victoria
Price range
Change
$355 - $365
$5
$275 - $285
$10
$415 - $425
-$10
$480 - $490
$25
South East SA
Price range
Change
$335 - $345
-$15
$295 - $305
$5
$395 - $405
-$20
$525 - $535
$25
Central SA
Price range
Change
$340 - $350
-$5
$280 - $290
Steady
$395 - $405
-$20
$295 - $305
Steady
North West Tasmania
Price range
Change
$465 - $475
Steady
$385 - $395
Steady
$425 - $435
-$10
$585 - $595
-$10

Wheat

Barley

Triticale

Oats

South West WA
Price range
Change
$320 - $330
$15
$275 - $285
$5
$330 - $340
Steady
$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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