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Read about the national and international grain market and how grain contributes to farm inputs and costs.

International and national summary

National background comments: report for the week ending 18th August, 2017

The next update will be on Friday 25th August, 2017. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

  • Hot and dry conditions in Canada continue to impact yield expectations and raise concerns.
  • Global crop quality continue to cause concerns due to difficult growing conditions.
  • With most of the negative trade news already priced in, we might see some short term corrections.
  • Persistent rainfall in Germany and the Baltic region create concerns for the high protein wheat crop.

Driving Prices Down

  • Global prices continue to drop as harvest volumes in the Black Sea and Europe are driving the market.
  • Lack of any major global demand is making a major price rise unlikely at the moment according to some market experts.
  • Bids for the Russian wheat continue to decline following the increases in expected production and in Europe the Matif wheat contract prices are dropping following the added pressure from the new harvest.
  • The Russian wheat crop is expected to reach 80 million tonnes, up 8 million tonnes from previous predictions.
  • According to the latest USDA report the Canadian and Australian crop is expected to reach previous predictions at 25 million tonnes and 23.5 million tonnes respectively, despite some drought concerns.

Global Trade News

  • In the past six weeks mindsets changed as the market moves from extreme highs to getting towards lows similar to last year.
  • The strong AUD is making Australian exports less cost competitive, in an already strongly prices domestic market.

Local News

  • As growers, particularly in south east Australia, become more confident in the new season crop prospects we could expect old reserves to start moving. This can provide good buying opportunities for consumers in coming months.
  • The weather forecast is positive for Victoria and western South Australia with 15-25 millimetres of rain predicted.
  • Queensland and northern New South Wales experienced hot and dry conditions and are in urgent need of moisture. The hot and dry weather are holding up prices and as more grain is sourced from southern regions this is probably going to keep Australian prices supported.
  • The drop in wheat prices in south eastern regions have been met with resistance from growers who are reluctant to part with grain at current price.
  • Barley prices are going to remain strong, relative to wheat, due to the limited amount of supply available.
18-August-2017 Grain
Wheat Barley Maize Sorghum
Atherton Tableland Price Range $345 $355 $455 $465 $395 $405 $305 $315
Change -$10 -$10 Steady -$5
Darling Downs Price Range $305 $315 $305 $315 $325 $335 $295 $305
Change -$10 -$10 Steady Steady
North Coast of NSW Price Range $310 $320 $315 $325 $340 $350 $300 $310
Change -$10 -$5 -$5 Steady
Central West NSW Price Range $255 $265 $225 $235 $265 $275 $240 $250
Change -$10 -$10 -$10 -$10
Wheat Barley Maize Canola meal
Bega Valley Price Range $305 $315 $275 $285 $325 $335 $420 $430
Change -$10 -$10 -$5 Steady
Goulburn / Murray Valley Price Range $235 $245 $225 $235 $265 $275 $390 $400
Change -$15 -$5 -$5 Steady
Gippsland Price Range $280 $290 $265 $275 $315 $325 $405 $415
Change -$10 -$10 -$5 Steady
South West Victoria Price Range $245 $255 $230 $240 $325 $335 $415 $425
Change -$10 -$10 -$5 Steady
South East South Australia Price Range $230 $240 $215 $225 $345 $355 $440 $450
Change -$15 -$10 -$5 Steady
Central Districts of SA Price Range $235 $245 $220 $230 $330 $340 $450 $460
Change -$5 $5 -$5 Steady
Wheat Barley Triticale Oats
South West of WA Price Range $285 $295 $260 $270 $325 $335 $170 $180
Change -$10 -$5 -$30 -$10
Wheat Barley Maize Canola meal
Tasmania Price Range $310 $320 $300 $310 $345 $355 $445 $455
Change -$10 -$10 -$5 -$5


$5
$10

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