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:

International and national summary

National background comments: report for the week ending 25 March 2022.

The next update will be on Friday 1 April 2021. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

• Soybean production prices in Brazil continue to rise with costs up 60% compared to the year prior. The primary divers were increasing macronutrients and seeds prices which have been impacted by a lack of supply.
• Tight rapeseed seed availability has continued to support values with increased likelihood of disrupted trade and supply in the Black Sea region have also pushed prices higher.
• Increased ethanol production across the US has supported CBOT corn futures.

Driving Prices Down

• A report released by the EU commission has found that EU wheat, winter barley and rapeseed t/ha estimates are all tracking above five-year averages, though barley and wheat yields are expected to come in slightly under last year’s figures.

Global Trade News

• Ukrainian grain exporters are looking to begin exporting larger volumes of grain via rail across the EU border rather than via seaports (98% of Ukrainian grain exports are typically exported via sea) with grain production regions now cut off from most seaports within the country.
• Turkey's state buying company (TMO) has issued two tenders seeking to buy 500,000 mt of corn for April-May loading. The tenders are due to close next week.
• The USDA have forecast China’s soybean imports will hit a record 100 million mt in 2022/23 driven by higher feed demand as moderate growth and profitability returns to the swine and poultry sectors and high prices for protein rich alternatives, particularly wheat.
  
  
  

Local News

• The La Niña weather system is set to continue into late autumn, with above-average rainfall likely for far north Western Australia, the Northern Territory, northern and eastern Queensland, and eastern NSW and Victoria. South-west WA, western Tasmania and areas of southern South Australia are forecast to receive below average rainfall over the coming months.
• Growers in the WA wheat belt are on the lookout for increased mice activity following an increase in mouse populations over the summer. Seeding in WA is fast approaching with damage caused by mice particularly bad at sowing time.

Price change in table below reflects moves since previous report (18 March 2022)

All Location Grain Prices