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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 Ending24 November 2023
  • Location: Darling Downs

    Week Ending24 November 2023
  • Location: North Coast NSW

    Week Ending24 November 2023
  • Location: Central West NSW

    Week Ending24 November 2023
  • Location: Bega Valley

    Week Ending24 November 2023
  • Location: Gippsland

    Week Ending24 November 2023
  • Location: Goulburn & Murray Valley

    Week Ending24 November 2023
  • Location: South West Victoria

    Week Ending24 November 2023
  • Location: South East SA

    Week Ending24 November 2023
  • Location: Central SA

    Week Ending24 November 2023
  • Location: South West WA

    Week Ending24 November 2023
  • Location: North West Tasmania

    Week Ending24 November 2023

International and national summary

National background comments: report for the week ending 24 November 2023.

The next update will be on Friday 8 December 2023. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

  • Local traders and feedlots are continuing to lock in their oat purchases, with feed oat prices continuing to increase as a result.

Driving Prices Down

  • Australian wheat markets are mostly lower than this time last week, as harvest pressure and a stronger Australian dollar weigh on prices. Additionally, decent end user coverage into 2024 is limiting buying activity, particularly in Queensland and northern New South Wales.

  • Barley markets are expected to encounter growing downward pressure on prices as harvest continues across southern Australia. Malt spreads will continue to narrow to feed grades in southern regions as high malt rates are expected.

  • Global grain markets have been under continued pressure over the past week amidst strong supplies out of the Black Sea. Markets are particularly weather driven in the northern hemisphere at this time of year following winter crop planting.

Global Trade News

  • The International Grains Council (IGC) November forecasts have left global grain trade estimates at 410 million mt which is four per cent below last year.

  • Ukraine’s Danube River ports have now shipped over 27.6 million mt of cargo through until November 2023. This compares to just 12.6 million mt over the same period in 2022 with the river becoming a key export rout following Russia withdrawal from the Black Sea grain corridor.

  • A Taiwanese feed group purchases 65,000 mt of US corn for Jan/Feb shipment at US $258.61/mt CFR.

  • Korea Feed Association and the Feed Leaders Committee purchased 68,000 mt of soybean meal at around US $557.53/mt CFR for February loading.

Local News

  • West Australian grain company CBH have stated that receivals over the past week hit 1.52 million tonnes, taking the total 6.91 million tonnes for this season. With harvest mostly complete in the northern states, GrainCorp have received over 1.591 million tonnes this week, finishing at a total of 3.948 million tonnes. Viterra received 928,204 tonnes across South Australia last week which took total grain deliveries past 3.4 million tonnes. The Central region took the majority of deliveries.

  • Australian Crop Foresters released their November Crop Forecast report last week, with national wheat production up 2 per cent from the previous month to 25.9 million tonnes. Declines in Western Australia were more than offset by increases to Victorian wheat production, which is now estimated at 5.5 million tonnes.

    Price change in table below reflects moves since previous report (17 November 2023)

 

All Location Grain Prices

24 November 2023

Wheat

Barley

Maize

Sorghum

Atherton Tablelands
Price range
Change
$420 - $430
-$15
$415 - $425
-$10
$485 - $495
$5
$395 - $405
-$15
Darling Downs
Price range
Change
$440 - $450
Steady
$435 - $445
$5
$470 - $480
-$5
$435 - $445
-$15
North Coast NSW
Price range
Change
$395 - $405
-$10
$400 - $410
$5
$460 - $470
$10
$375 - $385
-$5
Central West NSW
Price range
Change
$375 - $385
-$5
$345 - $355
$5
$460 - $470
$15
$355 - $365
-$15

Wheat

Barley

Maize

Canola meal

Bega Valley
Price range
Change
$395 - $405
Steady
$355 - $365
$5
$445 - $455
Steady
$605 - $615
Steady
Gippsland
Price range
Change
$400 - $410
$5
$360 - $370
Steady
$460 - $470
Steady
$575 - $585
Steady
Goulburn & Murray Valley
Price range
Change
$370 - $380
-$10
$340 - $350
-$5
$445 - $455
Steady
$560 - $570
Steady
South West Victoria
Price range
Change
$365 - $375
-$5
$315 - $325
-$5
$460 - $470
Steady
$560 - $570
Steady
South East SA
Price range
Change
$375 - $385
-$5
$325 - $335
Steady
$440 - $450
Steady
$605 - $615
Steady
Central SA
Price range
Change
$365 - $375
Steady
$325 - $335
Steady
$445 - $455
Steady
$365 - $375
Steady
North West Tasmania
Price range
Change
$490 - $500
$5
$450 - $460
Steady
$470 - $480
Steady
$665 - $675
Steady

Wheat

Barley

Triticale

Oats

South West WA
Price range
Change
$395 - $405
$5
$355 - $365
Steady
$315 - $325
Steady
$400 - $410
-$15
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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