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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 Ending01 July 2022
  • Location: Darling Downs

    Week Ending01 July 2022
  • Location: North Coast NSW

    Week Ending01 July 2022
  • Location: Central West NSW

    Week Ending01 July 2022
  • Location: Bega Valley

    Week Ending01 July 2022
  • Location: Gippsland

    Week Ending01 July 2022
  • Location: Goulburn & Murray Valley

    Week Ending01 July 2022
  • Location: South West Victoria

    Week Ending01 July 2022
  • Location: South East SA

    Week Ending01 July 2022
  • Location: Central SA

    Week Ending01 July 2022
  • Location: South West WA

    Week Ending01 July 2022
  • Location: North West Tasmania

    Week Ending01 July 2022

International and national summary

National background comments: report for the week ending 1 July 2022.

The next update will be on Friday 8 July 2022. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

  • US corn and soybean futures have found some price support amid concerns that high temperatures in the US Midwest may begin to impact plant growth alongside low soil moisture.

Driving Prices Down

  • The International Grains Council (IGC) have increased worldwide grain production estimates by 4 million mt to 2,255 million mt for the 2022/23 season, wheat output for 2022/23 was unchanged at 769 million mt.
  • The United States Department of Agriculture (USDA) crop progress report for the week ending 26 June has indicated that winter wheat harvest has accelerated while corn and soybean crop development has continued at pace.
  • The European Union’s (EU) crop monitoring report has increased its forecast for the upcoming Russian wheat crop production to a record 88.8 million mt due to a higher planted area. This is a 16% increase on last year and 11% above the five-year average.

Global Trade News

  • Taiwanese feed makers MFIG and Flour Millers’ Association (FMA) have purchased 55,000 mt of corn and 40,000 of wheat at $355.53/mt CFR and at $400.13/mt FOB respectively.
  • South Korea’s Major Feed Mills Group (MFG), has booked 136,000 mt of optional origin corn from Olam at price $349.99/mt.
  • Dry bulk freight rates have moved lower over the past week as falling steel demand in China and weakening global economic sentiment weighed on iron ore shipments.

Local News

  • It is likely that strong export demand for Australian grain will continue throughout 2022 and into 2023, soaking up a significant volume of grain harvested this season.
  • A foot-and-mouth disease outbreak in Indonesia is causing chaos for Australia’s live export industry with more than 200,000 cases recorded in Indonesia so far.
  • Queensland is expected to see increasing rain over the next week which may put an end to hopes of a late winter plant for some growers.

Price change in table below reflects moves since previous report (24 June 2022)

All Location Grain Prices

01 July 2022

Wheat

Barley

Maize

Sorghum

Atherton Tablelands
Price range
Change
$460 - $470
-$15
$420 - $430
-$15
$440 - $450
-$10
$405 - $415
-$35
Darling Downs
Price range
Change
$430 - $440
-$25
$440 - $450
-$10
$435 - $445
-$10
$375 - $385
-$10
North Coast NSW
Price range
Change
$415 - $425
-$15
$375 - $385
-$20
$410 - $420
-$5
$345 - $355
-$5
Central West NSW
Price range
Change
$415 - $425
-$20
$335 - $345
-$20
$410 - $420
-$5
$325 - $335
-$5

Wheat

Barley

Maize

Canola meal

Bega Valley
Price range
Change
$405 - $415
-$20
$360 - $370
-$30
$425 - $435
-$10
$535 - $545
-$45
Gippsland
Price range
Change
$460 - $470
-$15
$430 - $440
-$10
$495 - $505
-$10
$550 - $560
-$60
Goulburn & Murray Valley
Price range
Change
$435 - $445
Steady
$415 - $425
-$5
$425 - $435
-$10
$480 - $490
Steady
South West Victoria
Price range
Change
$440 - $450
-$20
$395 - $405
-$15
$495 - $505
-$10
$535 - $545
-$60
South East SA
Price range
Change
$455 - $465
-$20
$415 - $425
-$5
$445 - $455
-$10
$580 - $590
-$60
Central SA
Price range
Change
$430 - $440
-$20
$395 - $405
-$15
$445 - $455
-$10
$400 - $410
Steady
North West Tasmania
Price range
Change
$550 - $560
-$15
$520 - $530
-$10
$505 - $515
-$10
$640 - $650
-$10

Wheat

Barley

Triticale

Oats

South West WA
Price range
Change
$385 - $395
-$25
$370 - $380
-$20
$355 - $365
-$10
$290 - $300
-$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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