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 Ending23 July 2021
  • Location: Darling Downs

    Week Ending23 July 2021
  • Location: North Coast NSW

    Week Ending23 July 2021
  • Location: Central West NSW

    Week Ending23 July 2021
  • Location: Bega Valley

    Week Ending23 July 2021
  • Location: Gippsland

    Week Ending23 July 2021
  • Location: Goulburn & Murray Valley

    Week Ending23 July 2021
  • Location: South West Victoria

    Week Ending23 July 2021
  • Location: South East SA

    Week Ending23 July 2021
  • Location: Central SA

    Week Ending23 July 2021
  • Location: South West WA

    Week Ending23 July 2021
  • Location: North West Tasmania

    Week Ending23 July 2021

International and national summary

National background comments: report for the week ending 2 July 2021.

The next update will be on Friday 9 July 2021. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

  • The USDA crop progress report suggests the condition of the US spring wheat crop continues to decline while the corn and soybean crops remained steady. Winter wheat harvest continues to progress well though yields remain well below average.
  • The USDA’s quarterly update on crop planting has come in well below market expectations for the total planted area of both soybean and corn crops with ending stocks also falling.
  • Frost has been forecast over the next few days throughout Brazils major corn producing regions. This is leading to growing concern about potential crop losses with much of the corn crop now in key development stages following late plantings.

Driving Prices Down

  • China’s soymeal stocks increased by 210,000 mt to 1.17 million over the past week. Stocks are now at their highest level since late 2020 following slow purchasing pace from feed groups.
  • The US Supreme Court ruled that small oil refineries could extend exemptions from increasing biofuel use in their products even if their exemption had lapsed. This news prompted a selloff in CBOT corn and soybeans and weighed on the wheat market.

Global Trade News

  • Russia's agriculture ministry has again increased the export duty on wheat and corn, though barley remains unmoved for the June 30-July 6 period.
  • Argentina is expected to export 3.5 million mt of barley in the 2021/22 season, a 20.7% increase compared to the 2.9 million mt exported in the previous season. Argentine exporters have also been increasing barley shipments to the Chinese market.
  • Bangladesh’s government has confirmed plans to import 500,000 mt of Russian wheat via a government-to-government initiative. 200,000 mt of wheat will be purchased through the direct purchase method with 300,000 mt bought through open tender.
  • Tunisia’s major grain importer, the Office des Cereales (ODC) purchased 100,000 mt of wheat at an average US$281.46/mt and 100,000 mt of barley at US$270.97/mt for July-August shipment.
  • Taiwan’s feed-making association MFIG has bought 55,000 mt of South African corn at US$307.99/mt, this is a 233-cent premium over the CBOT December corn price.

Local News

  • From the 1st of July, the NSW government will remove its ban on genetically modified (GM) crops with all states across Australia except for Tasmania now allowing for GM crops to be grown. Advocates of GM crops expect this will lead to better crop yields.
  • The Bureau of Meteorology has released their seasonal climate outlook with rainfall for July to September to be above average for most of Australia providing strong grain growing conditions for farmers.
  • Rainfall across NSW is causing wet paddocks and waterlogging in parts of the state’s farming regions. This is reportedly negatively impacting crop development and stopping growers from accessing their paddocks for vital spraying and late sowing.

Price change in table below reflects moves since previous report (25 June 2021)

All Location Grain Prices

23 July 2021

Wheat

Barley

Maize

Sorghum

Atherton Tablelands
Price range
Change
$350 - $360
$15
$315 - $325
Steady
$350 - $360
-$5
$345 - $355
Steady
Darling Downs
Price range
Change
$330 - $340
$10
$290 - $300
-$5
$350 - $360
$15
$290 - $300
-$5
North Coast NSW
Price range
Change
$290 - $300
Steady
$255 - $265
Steady
$325 - $335
-$10
$290 - $300
-$5
Central West NSW
Price range
Change
$270 - $280
$10
$205 - $215
Steady
$310 - $320
-$5
$285 - $295
-$5

Wheat

Barley

Maize

Canola meal

Bega Valley
Price range
Change
$300 - $310
$5
$265 - $275
Steady
$315 - $325
-$5
$465 - $475
Steady
Gippsland
Price range
Change
$325 - $335
$5
$265 - $275
Steady
$325 - $335
Steady
$480 - $490
Steady
Goulburn & Murray Valley
Price range
Change
$300 - $310
$10
$245 - $255
$10
$300 - $310
-$10
$480 - $490
Steady
South West Victoria
Price range
Change
$320 - $330
$10
$265 - $275
Steady
$325 - $335
-$10
$465 - $475
Steady
South East SA
Price range
Change
$340 - $350
$15
$250 - $260
Steady
$345 - $355
-$10
$510 - $520
Steady
Central SA
Price range
Change
$300 - $310
-$20
$235 - $245
-$10
$350 - $360
-$10
$270 - $280
Steady
North West Tasmania
Price range
Change
$415 - $425
$5
$355 - $365
Steady
$335 - $345
Steady
$570 - $580
Steady

Wheat

Barley

Triticale

Oats

South West WA
Price range
Change
$330 - $340
$5
$255 - $265
-$10
$290 - $300
Steady
$270 - $280
Steady
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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