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:

International and national summary

National background comments: report for the week ending 24 June 2022.

The next update will be on Friday 1 July 2022. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

• Continued drier-than-usual conditions throughout Europe have seen yield outlooks reduced across most agricultural commodities, however, wheat, barley and canola yield forecasts remain in line with five-year averages.
• The US House of Representatives have passed a bill that will allow E15 gas - fuel that uses a 15 percent ethanol blend derived from corn - to be sold year-round in an attempt ease fuel pricing pressures.

Driving Prices Down

• Global wheat markets dropped sharply on Tuesday as discussions around the potential opening of a Black Sea export corridor increased optimism for increased grain exports out of Ukraine.
• Improved weather forecast across the US Midwest has placed some downwards pressure on corn and soybean values.

Global Trade News

• Jordan’s state grain importer, the Ministry of Industry, Trade and Supply (MIT) has booked 120,000 mt of feed barley for the October-November shipment. 60,000 mt of barley was obtained from Australian Grain Export at $407/mt CFR Aqaba, for November delivery.
• Dry bulk freight rates edged marginally higher despite fears of a global economic recession and a reduction in iron ore prices. Strong demand for coal has helped to offset these factors particularly in Asia where coal remains in short supply.
• South Korean buyers have purchased at least 180,000 mt of South American corn at $363.62/mt for September shipment.

Local News

• Qantas and Airbus will invest up to US$200 million to accelerate the establishment of a sustainable aviation fuel industry in Australia which is likely to provide ongoing support for the Australian oilseeds industry.
  The La Niña weather pattern has officially ended according to the Bureau of Meteorology (BOM), however there is a 50% chance that a La Niña weather pattern will reform in the Spring.

Price change in table below reflects moves since previous report (17 June 2022)

All Location Grain Prices