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 Ending26 February 2021
  • Location: Darling Downs

    Week Ending26 February 2021
  • Location: North Coast NSW

    Week Ending26 February 2021
  • Location: Central West NSW

    Week Ending26 February 2021
  • Location: Bega Valley

    Week Ending26 February 2021
  • Location: Gippsland

    Week Ending26 February 2021
  • Location: Goulburn & Murray Valley

    Week Ending26 February 2021
  • Location: South West Victoria

    Week Ending26 February 2021
  • Location: South East SA

    Week Ending26 February 2021
  • Location: Central SA

    Week Ending26 February 2021
  • Location: South West WA

    Week Ending26 February 2021
  • Location: North West Tasmania

    Week Ending26 February 2021

International and national summary

National background comments: report for the week ending 09 April 2021.

The next update will be on Friday 16 April 2021. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

  • Increased demand for grain, particularly from China, may increase corn and soybean prices. Analysts suspect the increasing prices will increase demand for wheat as a cheaper feed source.
  • Sources indicate end stocks for US soybeans will be approximately 4.3 million tonnes, 2.5% lower than last month, due to strong Chinese demand.
  • In February, US soybean crushing volumes decreased by 16% against January, as a cold snap came through and hit the processors.

Driving Prices Down

  • After the reopening of the Suez Canal allowing traffic to resume, fuel prices eased and freight rates for dry commodities have reduced.
  • Argentine farmers are reportedly expected to plant over 7 million hectares of wheat in the 2021/22 crop cycle, with estimates for wheat production sitting around 20-21 million tonnes. In 2020/21, wheat production came to 17 million tonnes.

Global Trade News

  • South Korea’s Nonghyup Feed Inc (NOFI) booked 60,000 mt of soybean meal for September arrival, paying $479.35/mt CFR (cost and freight) with the cargo expected to be sourced from South America.
  • Jordan’s state grain importer has purchased 60,000 mt of feed barley for shipment in the second half of October paying paid $253/mt CFR.
  • Thailand’s Feed Miller's Association (TFMA) is looking to purchase feed wheat for May through December shipment. The TFMA is tendering for 46,000-63,000 tonnes monthly, with a total of eight cargoes of up to half a million tonnes.
  • Egypt’s state grain buyer, General Authority for Supply Commodities (GASC) has booked 345,000 tonnes of Russian and Ukrainian milling wheat for import paying an average of $233.65/mt FOB and $252.09/mt CFR. Egypt imports the most wheat in the world, with the USDA estimating imports of 13 million tonnes this marketing year (2020/21).

Local News

  • The 2020-2021 La Nina weather pattern is likely to transition to neutral over the next few months, with above average rain continuing through April.
  • Maize and sorghum prices have jumped in New South Wales after the recent floods, whilst grain prices further south have decreased. Nutritionists are recommending farmers in this region explore all feed options, particularly byproducts and concentrates, to spread feed risks.
  • Regions within Queensland and New South Wales are contesting with feed grain quality issues following widespread rainfall, flooding and the recent mice plague. Southern Australia regions have seen grain values firm from limited grower selling.
  • Summer weed control is in progress throughout the grain belts across Australia, with farmers preparing paddocks for seeding with rain forecast in WA.

Price change in table below reflects moves since previous report (26 March 2021)

All Location Grain Prices

26 February 2021

Wheat

Barley

Maize

Sorghum

Atherton Tablelands
Price range
Change
$340 - $350
-$5
$300 - $310
Steady
$390 - $400
-$5
$340 - $350
Steady
Darling Downs
Price range
Change
$305 - $315
Steady
$270 - $280
-$5
$375 - $385
-$5
$325 - $335
-$10
North Coast NSW
Price range
Change
$275 - $285
-$5
$235 - $245
-$5
$355 - $365
-$5
$300 - $310
$5
Central West NSW
Price range
Change
$245 - $255
$5
$210 - $220
Steady
$350 - $360
Steady
$275 - $285
$5

Wheat

Barley

Maize

Canola meal

Bega Valley
Price range
Change
$295 - $305
-$5
$245 - $255
-$5
$355 - $365
-$5
$465 - $475
Steady
Gippsland
Price range
Change
$305 - $315
-$5
$260 - $270
$5
$335 - $345
-$5
$455 - $465
-$5
Goulburn & Murray Valley
Price range
Change
$285 - $295
Steady
$240 - $250
Steady
$335 - $345
Steady
$440 - $450
-$5
South West Victoria
Price range
Change
$300 - $310
-$5
$240 - $250
$10
$335 - $345
Steady
$440 - $450
-$5
South East SA
Price range
Change
$295 - $305
Steady
$245 - $255
-$5
$395 - $405
-$5
$485 - $495
-$5
Central SA
Price range
Change
$305 - $315
$10
$225 - $235
Steady
$405 - $415
-$5
$255 - $265
Steady
North West Tasmania
Price range
Change
$395 - $405
-$5
$350 - $360
$5
$345 - $355
-$5
$545 - $555
-$5

Wheat

Barley

Triticale

Oats

South West WA
Price range
Change
$330 - $340
Steady
$285 - $295
Steady
$280 - $290
-$5
$260 - $270
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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