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 Ending04 June 2021
  • Location: Darling Downs

    Week Ending04 June 2021
  • Location: North Coast NSW

    Week Ending04 June 2021
  • Location: Central West NSW

    Week Ending04 June 2021
  • Location: Bega Valley

    Week Ending04 June 2021
  • Location: Gippsland

    Week Ending04 June 2021
  • Location: Goulburn & Murray Valley

    Week Ending04 June 2021
  • Location: South West Victoria

    Week Ending04 June 2021
  • Location: South East SA

    Week Ending04 June 2021
  • Location: Central SA

    Week Ending04 June 2021
  • Location: South West WA

    Week Ending04 June 2021
  • Location: North West Tasmania

    Week Ending04 June 2021

International and national summary

National background comments: report for the week ending 4 June 2021.

The next update will be on Friday 18 June 2021. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

  • Brazil’s corn crop continues to be downgraded as dry conditions impact their second crop. A local consultancy, Agrural, have cut production estimates back to 90.9 million mt. This is down 11% year-on-year.
  • Warmer weather has been forecast for the end of the week in the United States. This is expected to negatively impact soybean crop development.
  • Chinese buying of US corn has hit record levels over the past week, helping to put upward pressure on prices.

Driving Prices Down

  • The US corn crop appears to be in better-than-expected condition with this week’s USDA report finding 76% of the crop ranges from good to excellent condition, well above what analysts were expecting.
  • Ukraine is set to produce a larger grain crop this year, of 73.6 million mt, according to agricultural consultancy APK Inform. Wheat is expected to make up 27.6 million mt of the total production. Barley production is anticipated to be higher, at 8 million mt, and corn production is set to reach 35.7 million mt.
  • Production forecasts for soybeans in Argentina have been increased by 500,000 mt, to 43.5 million mt, for the current season after better than anticipated yields.


Global Trade News

  • Saudi Arabia booked 562,000 mt of milling wheat for July-Sept shipping at an average price of US$300/t CFR (cost and freight). That is US$28.50/t dearer than their last tender in April.
  • Russia has implemented its new floating tax system for agricultural exports this week. For the week 2-8 June, the wheat tax has been lowered to US$28 per tonne, the barley tax has increased to US$40 per tonne and the corn tax is up to US$52 per tonne. The purpose of the export taxes is to manage domestic grain prices.
  • China has reconfirmed its commitment to the US Phase One deal. The value of the two-year trade deal is US$71.2 billion. According to US census data, 15 months into the deal, China had purchased US$34.2 billion of US goods, which is reportedly lower than anticipated levels.
  • The European Union wheat balance sheet is expected to remain tight in the 2021/22 season, as increased production is offset by low carryover.



Local News

  • The World Trade Organization is setting up an expert panel to review the China-Australia barley case which involves the 80.5% duties imposed by China on Australian barley in May 2020.
  • Forecast rainfall over the next fortnight throughout SA, NSW and Victoria is expected to ensure yield expectations are met in most regions of Victoria and NSW. This will benefit germination in South Australia, with the state in particular need of rainfall.
  • The NSW Farmers Association says the cost of the mice plague on the state’s winter crop may top $1 billion, based on an analysis of its survey of more than 1,700 farmers. The NSW government recently announced a $50 million mouse control package.

Price change in table below reflects moves since previous report (28 May 2021)

All Location Grain Prices

04 June 2021

Wheat

Barley

Maize

Sorghum

Atherton Tablelands
Price range
Change
$340 - $350
$10
$315 - $325
$10
$360 - $370
-$5
$345 - $355
-$5
Darling Downs
Price range
Change
$320 - $330
$5
$290 - $300
Steady
$330 - $340
Steady
$310 - $320
$5
North Coast NSW
Price range
Change
$265 - $275
-$5
$245 - $255
Steady
$325 - $335
Steady
$305 - $315
Steady
Central West NSW
Price range
Change
$265 - $275
-$5
$215 - $225
Steady
$325 - $335
Steady
$295 - $305
Steady

Wheat

Barley

Maize

Canola meal

Bega Valley
Price range
Change
$300 - $310
Steady
$255 - $265
$5
$330 - $340
-$5
$465 - $475
Steady
Gippsland
Price range
Change
$325 - $335
-$5
$270 - $280
Steady
$310 - $320
Steady
$485 - $495
Steady
Goulburn & Murray Valley
Price range
Change
$305 - $315
Steady
$240 - $250
Steady
$310 - $320
Steady
$480 - $490
Steady
South West Victoria
Price range
Change
$305 - $315
Steady
$270 - $280
Steady
$310 - $320
Steady
$470 - $480
Steady
South East SA
Price range
Change
$320 - $330
Steady
$255 - $265
$10
$365 - $375
-$5
$515 - $525
Steady
Central SA
Price range
Change
$310 - $320
Steady
$245 - $255
Steady
$370 - $380
Steady
$275 - $285
Steady
North West Tasmania
Price range
Change
$415 - $425
-$5
$360 - $370
Steady
$320 - $330
Steady
$575 - $585
Steady

Wheat

Barley

Triticale

Oats

South West WA
Price range
Change
$330 - $340
Steady
$280 - $290
$5
$290 - $300
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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