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 Ending26 February 2021
  • Location: Darling Downs

    Week Ending26 February 2021
  • Location: North Coast NSW

    Week Ending26 February 2021
  • Location: Central West NSW

    Week Ending26 February 2021
  • Location: Bega Valley

    Week Ending26 February 2021
  • Location: Gippsland

    Week Ending26 February 2021
  • Location: Goulburn & Murray Valley

    Week Ending26 February 2021
  • Location: South West Victoria

    Week Ending26 February 2021
  • Location: South East SA

    Week Ending26 February 2021
  • Location: Central SA

    Week Ending26 February 2021
  • Location: South West WA

    Week Ending26 February 2021
  • Location: North West Tasmania

    Week Ending26 February 2021

International and national summary

National background comments: report for the week ending 16 April 2021.

The next update will be on Friday 23 April 2021. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

  • Chinese soybean imports for March nearly doubled year on year, mainly driven by a boost in demand from China as the country continues to rebuild its hog herd.
  • Corn futures have recently hit new highs due to strong Chinese purchasing and expectations of a smaller-than-expected planted area next season following ongoing dry weather.
  • A weakening US dollar and high US inflation figures released this week caused markets to turn towards hedging strategies. This saw grain prices increase.

Driving Prices Down

  • Worldwide production of wheat is still at record highs, putting some pressure on global wheat prices. Increased consumption, particularly from China is partially offsetting this.
  • Crops in the northern hemisphere are emerging from dormancy and appear to be fair to above average conditions, supported by favourable seasonal conditions.
  • A cut to the USDA’s forecast of US soybean crush volumes and an increase in its ending stocks level for the 2020/21 season, has put some downward pressure on prices.

Global Trade News

  • South Korea’s Feed Leaders Committee (FLC) privately purchased 65,000 mt of corn from Viterra, paying $296.79/mt CFR for a July shipment.
  • South Korean Major Feedmills Group (MFG) has announced a tender to import 55,000-70,000 mt of feed wheat for August-October shipment.
  • Japan’s agriculture ministry, the Ministry of Agriculture, Forestry and Fisheries (MAFF), has announced a tender to import over 90,000 mt of Canadian and US milling wheat for June shipment.

Local News

  • CBH has confirmed that "significant damage" occurred at the company’s Geraldton port after Cyclone Seroja passed through the region. No timeframe has been provided as to when it is expected to return to full capacity operation.
  • Substantial rainfall throughout much of Western Australia’s grain belt following Cyclone Seroja, has set the state up for its biggest canola planting on record, an expected planted area of 1.4 million hectares.
  • Government incentives and favourable weather have seen a significant increase in tractor, harvester and sprayer purchases, as farmers look to capitalise on the strong seasonal conditions.

Price change in table below reflects moves since previous report (9 April 2021)

All Location Grain Prices

26 February 2021

Wheat

Barley

Maize

Sorghum

Atherton Tablelands
Price range
Change
$340 - $350
-$5
$300 - $310
Steady
$390 - $400
-$5
$340 - $350
Steady
Darling Downs
Price range
Change
$305 - $315
Steady
$270 - $280
-$5
$375 - $385
-$5
$325 - $335
-$10
North Coast NSW
Price range
Change
$275 - $285
-$5
$235 - $245
-$5
$355 - $365
-$5
$300 - $310
$5
Central West NSW
Price range
Change
$245 - $255
$5
$210 - $220
Steady
$350 - $360
Steady
$275 - $285
$5

Wheat

Barley

Maize

Canola meal

Bega Valley
Price range
Change
$295 - $305
-$5
$245 - $255
-$5
$355 - $365
-$5
$465 - $475
Steady
Gippsland
Price range
Change
$305 - $315
-$5
$260 - $270
$5
$335 - $345
-$5
$455 - $465
-$5
Goulburn & Murray Valley
Price range
Change
$285 - $295
Steady
$240 - $250
Steady
$335 - $345
Steady
$440 - $450
-$5
South West Victoria
Price range
Change
$300 - $310
-$5
$240 - $250
$10
$335 - $345
Steady
$440 - $450
-$5
South East SA
Price range
Change
$295 - $305
Steady
$245 - $255
-$5
$395 - $405
-$5
$485 - $495
-$5
Central SA
Price range
Change
$305 - $315
$10
$225 - $235
Steady
$405 - $415
-$5
$255 - $265
Steady
North West Tasmania
Price range
Change
$395 - $405
-$5
$350 - $360
$5
$345 - $355
-$5
$545 - $555
-$5

Wheat

Barley

Triticale

Oats

South West WA
Price range
Change
$330 - $340
Steady
$285 - $295
Steady
$280 - $290
-$5
$260 - $270
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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