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 Ending15 January 2021
  • Location: Darling Downs

    Week Ending15 January 2021
  • Location: North Coast NSW

    Week Ending15 January 2021
  • Location: Central West NSW

    Week Ending15 January 2021
  • Location: Bega Valley

    Week Ending15 January 2021
  • Location: Gippsland

    Week Ending15 January 2021
  • Location: Goulburn & Murray Valley

    Week Ending15 January 2021
  • Location: South West Victoria

    Week Ending15 January 2021
  • Location: South East SA

    Week Ending15 January 2021
  • Location: Central SA

    Week Ending15 January 2021
  • Location: South West WA

    Week Ending15 January 2021
  • Location: North West Tasmania

    Week Ending15 January 2021

International and national summary

National background comments: report for the week ending 22 January 2021.

The next update will be on Friday 05 February 2021. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

  • The Russian wheat export tax is driving global prices to increase, as demand from countries such as the US, Canada and Australia, begins to rise.
  • Argentina exported 24.5 mmt of soymeal and soybean pellets in 2020, down 18% compared to the 30.1 mmt exported in 2019.
  • Food security and recovery from COVID-19 remains a priority for many governments around the world, with feed and food demand remaining strong at the start of the new year.

Driving Prices Down

  • Chicago Board of Trade (CBOT) wheat futures have come under pressure this week due to forecast rainfall across US winter wheat areas that could improve crop conditions. Intercontinental Exchange (ICE) canola futures were also seen to reduce over the last week,
  • Rainfall forecast for South America may improve soybean crop yields and potentially increase stock estimates.

Global Trade News

  • The Russian agricultural ministry has recently proposed a €25/mt (AUD$39/mt) increase to the existing €25/mt wheat export duty which comes into effect on the 15th of February. This would take the wheat export duty to €50/mt (AUD$79/mt) from March 15th.
  • Under the new raft of Russian tax proposals is a €25/mt (AUD$39/mt) tax on corn exports and a €10/mt (AUD$16/mt) tax on barley. The proposal is in response to rising food costs in Russia, reportedly fuelled by strong export prices for wheat and other grains.
  • The rising price of Russian wheat and lack of offers has resulted in Egypt’s General Authority for Supply Commodities (GASC) passing on their tender for February 18th to March 5th. The prices offered ranged from USD$293-315/mt FOB, while Egypt’s GASC purchased 235,000mt of wheat in December for $29.88/mt cheaper.

Local News

  • The harvest season across Australia is almost complete, with small pockets in south west Victoria and south east South Australia still harvesting late planted wheat.
  • The large harvest and reportedly strong international demand for Australian grains, has resulted in a robust export market while global prices begin to rise.

Price change in table below reflects moves since previous report (22 January 2021)

All Location Grain Prices

15 January 2021

Wheat

Barley

Maize

Sorghum

Atherton Tablelands
Price range
Change
$345 - $355
$5
$295 - $305
Steady
$395 - $405
-$5
$335 - $345
-$10
Darling Downs
Price range
Change
$305 - $315
$10
$265 - $275
$5
$380 - $390
-$5
$300 - $310
$5
North Coast NSW
Price range
Change
$270 - $280
$10
$205 - $215
$5
$355 - $365
Steady
$325 - $335
-$10
Central West NSW
Price range
Change
$245 - $255
$5
$205 - $215
$5
$355 - $365
Steady
$265 - $275
-$2

Wheat

Barley

Maize

Canola meal

Bega Valley
Price range
Change
$280 - $290
$5
$220 - $230
$5
$355 - $365
$10
$455 - $465
$20
Gippsland
Price range
Change
$300 - $310
$10
$250 - $260
$15
$380 - $390
-$5
$455 - $465
$25
Goulburn & Murray Valley
Price range
Change
$285 - $295
$10
$225 - $235
$15
$345 - $355
$20
$440 - $450
-$5
South West Victoria
Price range
Change
$300 - $310
$10
$245 - $255
$10
$380 - $390
-$5
$440 - $450
$10
South East SA
Price range
Change
$290 - $300
$5
$205 - $215
Steady
$410 - $420
-$5
$485 - $495
$15
Central SA
Price range
Change
$290 - $300
Steady
$210 - $220
$10
$415 - $425
-$5
$255 - $265
$10
North West Tasmania
Price range
Change
$390 - $400
$10
$340 - $350
$15
$390 - $400
-$5
$545 - $555
-$5

Wheat

Barley

Triticale

Oats

South West WA
Price range
Change
$325 - $335
$10
$275 - $285
$15
$270 - $280
$5
$275 - $285
$20
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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