Report

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 Ending17 September 2021
  • Location: Darling Downs

    Week Ending17 September 2021
  • Location: North Coast NSW

    Week Ending17 September 2021
  • Location: Central West NSW

    Week Ending17 September 2021
  • Location: Bega Valley

    Week Ending17 September 2021
  • Location: Gippsland

    Week Ending17 September 2021
  • Location: Goulburn & Murray Valley

    Week Ending17 September 2021
  • Location: South West Victoria

    Week Ending17 September 2021
  • Location: South East SA

    Week Ending17 September 2021
  • Location: Central SA

    Week Ending17 September 2021
  • Location: South West WA

    Week Ending17 September 2021
  • Location: North West Tasmania

    Week Ending17 September 2021

International and national summary

National background comments: report for the week ending 17 September 2021.

The next update will be on Friday 01 October 2021. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

  • Statistics Canada have released their updated production estimates for wheat, barley, canola, and soybeans. Wheat production is estimated down 38% year on year to 21.7 Mmt. Soybean production for 2021 is expected to fall 7% year-on-year to 5.9 Mmt, while canola production was revised almost 2 Mmt lower to 12.8 Mmt, down 34% from last season.
  • France's agricultural agency has revised its wheat production, yields and export outlooks lower following heavy rainfall across the country.
  • This week’s USDA crop progress report has indicated that US corn harvest is now underway though there has been a further decline in quality, despite the market anticipating an improvement in conditions.

Driving Prices Down

  • China’s Agriculture Supply and Demand Estimates report has forecast a decline in the consumption of corn for the feed industry throughout 2020/21 and 2021/22 on the back of lower usage of corn in feed and lower hog margins.
  • Favourable weather conditions have assisted harvest throughout the US, with crops maturing at a good rate while rainfall throughout Argentina over the past week has benefited winter wheat crops.

Global Trade News

  • Dry bulk freight rates rose this week as weather-related disruptions, strong demand, and tight vessel availability, particularly throughout Asia, pushed prices higher.
  • The Turkish Grain Board (TMO) have issued a tender for 260,000 mt of feed barley for October delivery.
  • Algeria's state grain importer, the Office Algerien Interprofessionnel des Cereales (OAIC), have purchased 330,000 mt of barley for October shipment in the price range of US$307-308/mt CFR.
  • Philippines Import Group has purchased 56,000 tonnes of Australian feed wheat for Oct-Nov shipment.
  • Saudi Arabia’s state grain importer (SAGO) purchased 382,000 tonnes of 12.5% milling wheat at an average price of US$355.68/mt CFR (cost and freight). Wheat origins are unknown; however Black Sea wheat has been increasing its market share given quality issues in much of Europe due to rain.

Local News

  • The weather is beginning to warm up on the east coast which is providing ideal conditions for mice. There have been some reports of damage in the northwest of New South Wales with many in the industry concerned that numbers may explode ahead of harvest.
  • The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Agricultural Commodities report is expecting the gross value of Australian agricultural production to hit an all-time record $73 billion in 2021/22. This is driven by strong crop production which is set to rise by 7% to $39.5 billion.
  • The Bureau of Meteorology (BOM) has revised the chances of a La Niña weather event to a 50% chance this spring. A La Niña typically leads to wetter-than-average conditions for eastern Australia.

Price change in table below reflects moves since previous report (10 September 2021)

All Location Grain Prices

17 September 2021

Wheat

Barley

Maize

Sorghum

Atherton Tablelands
Price range
Change
$395 - $405
$5
$340 - $350
$5
$350 - $360
Steady
$340 - $350
-$5
Darling Downs
Price range
Change
$325 - $335
-$20
$285 - $295
-$5
$350 - $360
Steady
$290 - $300
Steady
North Coast NSW
Price range
Change
$315 - $325
$10
$250 - $260
Steady
$295 - $305
Steady
$290 - $300
Steady
Central West NSW
Price range
Change
$295 - $305
$5
$225 - $235
$5
$295 - $305
Steady
$290 - $300
$5

Wheat

Barley

Maize

Canola meal

Bega Valley
Price range
Change
$325 - $335
Steady
$270 - $280
Steady
$315 - $325
Steady
$450 - $460
-$10
Gippsland
Price range
Change
$350 - $360
-$5
$285 - $295
Steady
$345 - $355
Steady
$455 - $465
-$15
Goulburn & Murray Valley
Price range
Change
$335 - $345
-$5
$255 - $265
-$5
$315 - $325
Steady
$480 - $490
Steady
South West Victoria
Price range
Change
$330 - $340
-$5
$275 - $285
-$15
$340 - $350
-$5
$440 - $450
-$15
South East SA
Price range
Change
$350 - $360
-$10
$270 - $280
-$10
$350 - $360
Steady
$485 - $495
-$15
Central SA
Price range
Change
$325 - $335
-$25
$250 - $260
Steady
$355 - $365
-$5
$280 - $290
$5
North West Tasmania
Price range
Change
$440 - $450
-$5
$375 - $385
Steady
$355 - $365
Steady
$545 - $555
Steady

Wheat

Barley

Triticale

Oats

South West WA
Price range
Change
$355 - $365
-$5
$285 - $295
-$5
$295 - $305
Steady
$275 - $285
$5
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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