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 12 August 2022.

The next update will be on Friday 26 August 2022. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

• The latest United States Department of Agriculture (USDA) crop progress report has stated that US harvest progress is now at 86% for winter wheat and 9% for spring wheat 2022/23. Crop condition has fallen 6% to be situated at 64% for spring wheat with corn condition also down sharply following hot weather across the US corn belt which pushed CBOT futures higher.
• Adverse weather in Europe has offered some support for global wheat prices.

Driving Prices Down

• An agreement between Ukraine and Russia has allowed grain exports to resume from several Ukrainian ports, with more than 12 vessels, primarily loaded with corn and sunflower meal having now left Ukrainian ports.
• Feed type grains have been on the backfoot with plenty of offers and a relatively quiet bid side.

Global Trade News

• Australia has exported over 482,840 of feed barley throughout the month of June, which is a decline from last month. There were also 266,000 tonnes of sorghum shipped, which was marginally less than the 267,000 tonnes exported over May.
• The value of the US dollar fell sharply on Wednesday following the release of the US Consumer Price Index report which has driven strong export demand, helping to support US agricultural commodity prices.
• Dry bulk freight rates moved lower for the second week in a row as ongoing economic uncertainty in China and softening iron ore prices worsened the existing dry bulk tonnage surplus.

Local News

• Continued wet weather throughout Victoria, New South Wales and South Australia over the last few months have led to increasing reports of slug damage from many growers.
• Prolonged wet weather conditions have also seen a sharp increase in stripe rust infections in wheat crops, with crops in Queensland and northern NSW reporting the worst of the outbreak.
• The Federal agriculture minister has announced an additional $10m funding towards Indonesia’s foot-and-mouth-disease containment work, following the $14m Australia committed to Indonesia last month.

Price change in table below reflects moves since previous report (5 August 2022)

All Location Grain Prices