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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 Ending15 October 2021
  • Location: Darling Downs

    Week Ending15 October 2021
  • Location: North Coast NSW

    Week Ending15 October 2021
  • Location: Central West NSW

    Week Ending15 October 2021
  • Location: Bega Valley

    Week Ending15 October 2021
  • Location: Gippsland

    Week Ending15 October 2021
  • Location: Goulburn & Murray Valley

    Week Ending15 October 2021
  • Location: South West Victoria

    Week Ending15 October 2021
  • Location: South East SA

    Week Ending15 October 2021
  • Location: Central SA

    Week Ending15 October 2021
  • Location: South West WA

    Week Ending15 October 2021
  • Location: North West Tasmania

    Week Ending15 October 2021

International and national summary

National background comments: report for the week ending 15 October 2021.

The next update will be on Friday 29 October 2021. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

  • China’s Ministry of Agriculture and Rural Affairs (MARA) has reduced its corn production estimates for 2021/22, as rainfall has reduced yields and quality of new corn crops in parts of northern China.
  • The USDA’s October World Agricultural Supply and Demand Estimates report has lowered global wheat production estimates, while the poor outlook for the 2021/22 Canadian canola crop has also led to a large decrease in expectations for canola meal exports.

Driving Prices Down

  • The USDA’s World Agricultural Supply and Demand Estimates report increased the US output and stock forecasts for both corn and soybeans.
  • China’s soybean imports in September fell 29.7% in comparison to the same period last year, due to a drop in demand following poor crush margins driven by high international soybean prices.

Global Trade News

  • Bangladesh’s Ministry of Commerce has announced it will restrict all exports of soymeal in an effort to reduce the high prices for animal feed following lobbying from farmers and the animal feed industry.
  • Dry bulk freight rates have eased over the past week despite increased volatility. This decline was driven by the ongoing power shortages in China and a fall in factory production.
  • Japan's agriculture ministry, the Ministry of Agriculture, Forestry and Fisheries (MAFF) has booked a total of 130,963 mt of US, Canadian and Australian wheat in their recent tender.
  • Tunisia's state grain importer, Office des Cereales (ODC) has purchased 100,000 mt of durum wheat for November-December shipment, paying between $677.29/mt and $685.99/mt CFR (cost and freight).

Local News

  • Australia’s wheat exports surged in August to hit their highest volume during the month since August 2012. Total wheat exports were 2.17 million mt for the month, up 13% from July and five times higher than August 2020. Barley exports also were up 16% from July while sorghum exports fell.
  • Harvest continues to pick up pace in Queensland though is still a few weeks away across most southern regions. Ongoing rainfall across eastern parts of New South Wales and southern Victoria may be of some concern to growers with waterlogging still an issue in some areas.
  • The USDA have forecast Australia will make up 12% of global wheat exports in 2021/22 compared to just 5% two years ago.

Price change in table below reflects moves since previous report (08 October 2021)

All Location Grain Prices

15 October 2021

Wheat

Barley

Maize

Sorghum

Atherton Tablelands
Price range
Change
$405 - $415
Steady
$350 - $360
$5
$350 - $360
Steady
$310 - $320
-$5
Darling Downs
Price range
Change
$335 - $345
-$5
$290 - $300
Steady
$350 - $360
Steady
$295 - $305
Steady
North Coast NSW
Price range
Change
$320 - $330
Steady
$235 - $245
Steady
$310 - $320
$5
$300 - $310
Steady
Central West NSW
Price range
Change
$305 - $315
$5
$230 - $240
$5
$310 - $320
$5
$295 - $305
$5

Wheat

Barley

Maize

Canola meal

Bega Valley
Price range
Change
$350 - $360
Steady
$270 - $280
-$5
$315 - $325
Steady
$440 - $450
-$5
Gippsland
Price range
Change
$370 - $380
$10
$295 - $305
$5
$350 - $360
$5
$460 - $470
Steady
Goulburn & Murray Valley
Price range
Change
$340 - $350
$5
$260 - $270
$5
$315 - $325
Steady
$480 - $490
Steady
South West Victoria
Price range
Change
$340 - $350
$5
$285 - $295
Steady
$350 - $360
$5
$445 - $455
Steady
South East SA
Price range
Change
$370 - $380
$5
$280 - $290
Steady
$360 - $370
$5
$490 - $500
Steady
Central SA
Price range
Change
$355 - $365
Steady
$260 - $270
$5
$360 - $370
$5
$285 - $295
Steady
North West Tasmania
Price range
Change
$460 - $470
$10
$385 - $395
$5
$360 - $370
$5
$550 - $560
$5

Wheat

Barley

Triticale

Oats

South West WA
Price range
Change
$365 - $375
Steady
$300 - $310
$5
$305 - $315
Steady
$280 - $290
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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