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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 Ending27 May 2022
  • Location: Darling Downs

    Week Ending27 May 2022
  • Location: North Coast NSW

    Week Ending27 May 2022
  • Location: Central West NSW

    Week Ending27 May 2022
  • Location: Bega Valley

    Week Ending27 May 2022
  • Location: Gippsland

    Week Ending27 May 2022
  • Location: Goulburn & Murray Valley

    Week Ending27 May 2022
  • Location: South West Victoria

    Week Ending27 May 2022
  • Location: South East SA

    Week Ending27 May 2022
  • Location: Central SA

    Week Ending27 May 2022
  • Location: South West WA

    Week Ending27 May 2022
  • Location: North West Tasmania

    Week Ending27 May 2022

International and national summary

National background comments: report for the week ending 27 May 2022.

The next update will be on Friday 3 June 2022. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

  • Corn production in Ukraine for the next season is expected to be lower due to the impact of the war, which may exacerbate the tightness of global corn supplies and push China (one of the world’s largest importers) to pursue alternative import origins. Brazil is likely to be one of these countries following the signing of new import protocols between the two countries.
  • The International Grain Council has cut worldwide grain production for 2022/23 by 24 million mt compared to last month as poor crop conditions across North America and India negatively impact yield forecasts. Consumption was down on reduced feed demand due to high feed prices.

Driving Prices Down

  • The United States Department of Agriculture (USDA) crop progress report for the week ending 24 May has indicated corn and soybean plantings advanced significantly over the past week as improved weather conditions allowed growers to get out into fields.
  • Ongoing talks between Ukraine and Russia to open up grain corridors and enable grain exports out of Ukrainian ports have intensified, though many remain sceptical that anything will come of the talks.

Global Trade News

  • South Korean feed maker Nonghyup Feed Inc purchased 69000 mt of corn at US$375.98/mt CFR South Korea for September delivery.
  • Thailand’s Feed Miller's Association (TFMA) has booked 50,000 tonnes of Indian corn at US$379/mt CFRLO for June shipment.
  • Jordan’s state grain importer, The Ministry of Industry, Trade and Supply (MIT), booked 60,000 mt of optional origin feed barley, paying $452/mt CFR for August shipment.

Local News

  • GrainCorp have announced plans to expand its grains-receival network on the east coast of Australia for the upcoming 2022-23 harvest with 2 million mt of additional storage capacity.
  • The Bureau of Metrology winter outlook has forecast June-to-August rainfall is very likely to be above median for most of Australia which may prove challenging for producers in northern NSW and QLD where paddocks are already drenched.

Price change in table below reflects moves since previous report (20 May 2022)

All Location Grain Prices

27 May 2022

Wheat

Barley

Maize

Sorghum

Atherton Tablelands
Price range
Change
$495 - $505
-$10
$425 - $435
Steady
$460 - $470
$5
$415 - $425
$5
Darling Downs
Price range
Change
$495 - $505
$20
$470 - $480
$25
$455 - $465
$10
$385 - $395
$25
North Coast NSW
Price range
Change
$395 - $405
$30
$380 - $390
$25
$430 - $440
$15
$330 - $340
$5
Central West NSW
Price range
Change
$455 - $465
$10
$395 - $405
Steady
$415 - $425
Steady
$285 - $295
$5

Wheat

Barley

Maize

Canola meal

Bega Valley
Price range
Change
$435 - $445
$5
$395 - $405
$10
$445 - $455
$50
$555 - $565
-$5
Gippsland
Price range
Change
$495 - $505
Steady
$455 - $465
$5
$490 - $500
$20
$610 - $620
$20
Goulburn & Murray Valley
Price range
Change
$470 - $480
Steady
$435 - $445
$10
$445 - $455
$50
$480 - $490
Steady
South West Victoria
Price range
Change
$475 - $485
$5
$415 - $425
$30
$490 - $500
$20
$595 - $605
$20
South East SA
Price range
Change
$490 - $500
$10
$445 - $455
-$15
$460 - $470
$5
$640 - $650
$20
Central SA
Price range
Change
$465 - $475
$10
$410 - $420
$20
$460 - $470
$5
$365 - $375
$20
North West Tasmania
Price range
Change
$585 - $595
Steady
$545 - $555
$5
$500 - $510
$20
$700 - $710
$20

Wheat

Barley

Triticale

Oats

South West WA
Price range
Change
$425 - $435
$25
$420 - $430
$10
$355 - $365
Steady
$305 - $315
$15
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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