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 Ending07 May 2021
  • Location: Darling Downs

    Week Ending07 May 2021
  • Location: North Coast NSW

    Week Ending07 May 2021
  • Location: Central West NSW

    Week Ending07 May 2021
  • Location: Bega Valley

    Week Ending07 May 2021
  • Location: Gippsland

    Week Ending07 May 2021
  • Location: Goulburn & Murray Valley

    Week Ending07 May 2021
  • Location: South West Victoria

    Week Ending07 May 2021
  • Location: South East SA

    Week Ending07 May 2021
  • Location: Central SA

    Week Ending07 May 2021
  • Location: South West WA

    Week Ending07 May 2021
  • Location: North West Tasmania

    Week Ending07 May 2021

International and national summary

National background comments: report for the week ending 7 May 2021.

The next update will be on Friday 21 May 2021. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

  • Concerns surrounding Brazil’s weather is driving global corn prices higher. Fears continue to grow regarding the impacts of ongoing dry weather and late plantings on yields across the country.
  • The condition of France’s winter crops have declined further this week as the country continues to deal with the impact of recent a cold snap and drier-than-usual weather over the past month.
  • Strong US domestic demand for cereals are continuing to support global grain prices.

Driving Prices Down

  • Sources suggest China’s pig herd is unlikely to rebound until at least mid-2021, as livestock farmers remain cautious after falling pork prices, expensive feed costs and newer strains African Swine Fever being reported in the country.
  • The Russian government is looking at reducing its recently implemented export duties on soybeans by 20% in early July, working to reduce domestic price inflation.
  • Wheat production within Argentina has been forecast to hit 19 million tonnes next season, which is reportedly an all-time high for the country. The record estimate is driven by increased planted area and higher yields following improved soil moisture conditions.

Global Trade News

  • A private Philippines buyer, San Miguel Corporation (SMC), purchased 60,000 mt of feed wheat from Graincorp, at an estimated price at around $320/mt (cost and freight) for June shipment.
  • Tunisia’s state grain buyer, the Office des Cereales (ODC), has released a tender for 50,000 mt of feed barley for June delivery across two separate shipments.
  • South Korean feed production group, the Korea Feed Association (KFA) have purchased 128,000 mt of corn from CHS spread across two shipments for August and October delivery.
  • Algeria’s state grain buyer, the Office Algerien Interprofessionnel des Cereales (OAIC), have purchased 200,000 mt of wheat for May or June delivery, depending on the location of the seller.

Local News

  • Local exports of wheat hit their highest level since 2017, with 2.28 million mt of wheat exported in March, with Vietnam, Indonesia and China as the primary export destinations.
  • Western Australia experienced heavy rainfall earlier in the week, with some regions recording approximately 90mm of rain, with local sources suggesting growers have been provided with a strong Autumn start as planting continues across the state.
  • Farmland values have increased for the seventh year in a row, with all states reporting increases in median price per hectare for the first time in 15 years.
  • Western Victorian and South Australian cropping regions remain relatively dry and are yet to receive a supportive autumn break. Some growers are dry sowing, but sources suggest rainfall will be required soon to avoid prospects declining.

Price change in table below reflects moves since previous report (30 April 2021)

All Location Grain Prices

07 May 2021

Wheat

Barley

Maize

Sorghum

Atherton Tablelands
Price range
Change
$340 - $350
$5
$310 - $320
Steady
$370 - $380
-$5
$340 - $350
Steady
Darling Downs
Price range
Change
$310 - $320
Steady
$280 - $290
Steady
$330 - $340
Steady
$305 - $315
$5
North Coast NSW
Price range
Change
$265 - $275
Steady
$245 - $255
Steady
$335 - $345
Steady
$305 - $315
Steady
Central West NSW
Price range
Change
$250 - $260
-$5
$205 - $215
Steady
$335 - $345
Steady
$285 - $295
Steady

Wheat

Barley

Maize

Canola meal

Bega Valley
Price range
Change
$300 - $310
Steady
$240 - $250
-$5
$340 - $350
Steady
$460 - $470
Steady
Gippsland
Price range
Change
$325 - $335
Steady
$260 - $270
-$5
$315 - $325
Steady
$500 - $510
Steady
Goulburn & Murray Valley
Price range
Change
$290 - $300
-$5
$240 - $250
Steady
$275 - $285
Steady
$480 - $490
Steady
South West Victoria
Price range
Change
$305 - $315
Steady
$230 - $240
$5
$315 - $325
Steady
$485 - $495
Steady
South East SA
Price range
Change
$305 - $315
-$5
$240 - $250
-$5
$385 - $395
Steady
$530 - $540
Steady
Central SA
Price range
Change
$315 - $325
Steady
$235 - $245
Steady
$385 - $395
Steady
$295 - $305
-$10
North West Tasmania
Price range
Change
$415 - $425
Steady
$350 - $360
-$5
$325 - $335
Steady
$590 - $600
Steady

Wheat

Barley

Triticale

Oats

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