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
-
Queensland
-
New South Wales
-
Victoria
-
South Australia
-
Western Australia
-
Tasmania
Select a location to view the grain price:
-
Wheat
$495 - $505-$10Barley
$425 - $435SteadyMaize
$460 - $470$5Sorghum
$415 - $425$5 -
Wheat
$495 - $505$20Barley
$470 - $480$25Maize
$455 - $465$10Sorghum
$385 - $395$25 -
Wheat
$395 - $405$30Barley
$380 - $390$25Maize
$430 - $440$15Sorghum
$330 - $340$5 -
Wheat
$455 - $465$10Barley
$395 - $405SteadyMaize
$415 - $425SteadySorghum
$285 - $295$5 -
Wheat
$435 - $445$5Barley
$395 - $405$10Maize
$445 - $455$50Canola meal
$555 - $565-$5 -
Wheat
$495 - $505SteadyBarley
$455 - $465$5Maize
$490 - $500$20Canola meal
$610 - $620$20 -
Wheat
$470 - $480SteadyBarley
$435 - $445$10Maize
$445 - $455$50Canola meal
$480 - $490Steady -
Wheat
$475 - $485$5Barley
$415 - $425$30Maize
$490 - $500$20Canola meal
$595 - $605$20 -
Wheat
$490 - $500$10Barley
$445 - $455-$15Maize
$460 - $470$5Canola meal
$640 - $650$20 -
Wheat
$465 - $475$10Barley
$410 - $420$20Maize
$460 - $470$5Canola meal
$365 - $375$20 -
Wheat
$425 - $435$25Barley
$420 - $430$10Triticale
$355 - $365SteadyOats
$305 - $315$15 -
Wheat
$585 - $595SteadyBarley
$545 - $555$5Maize
$500 - $510$20Canola meal
$700 - $710$20
International and national summary
National background comments: report for the week ending 27 May 2022.
The next update will be on Friday 3 June 2022. Direct links to reports on each dairy region immediately follow this international and national summary for grain.
Driving Prices Up
- Corn production in Ukraine for the next season is expected to be lower due to the impact of the war, which may exacerbate the tightness of global corn supplies and push China (one of the world’s largest importers) to pursue alternative import origins. Brazil is likely to be one of these countries following the signing of new import protocols between the two countries.
- The International Grain Council has cut worldwide grain production for 2022/23 by 24 million mt compared to last month as poor crop conditions across North America and India negatively impact yield forecasts. Consumption was down on reduced feed demand due to high feed prices.
Driving Prices Down
- The United States Department of Agriculture (USDA) crop progress report for the week ending 24 May has indicated corn and soybean plantings advanced significantly over the past week as improved weather conditions allowed growers to get out into fields.
- Ongoing talks between Ukraine and Russia to open up grain corridors and enable grain exports out of Ukrainian ports have intensified, though many remain sceptical that anything will come of the talks.
Global Trade News
- South Korean feed maker Nonghyup Feed Inc purchased 69000 mt of corn at US$375.98/mt CFR South Korea for September delivery.
- Thailand’s Feed Miller's Association (TFMA) has booked 50,000 tonnes of Indian corn at US$379/mt CFRLO for June shipment.
- Jordan’s state grain importer, The Ministry of Industry, Trade and Supply (MIT), booked 60,000 mt of optional origin feed barley, paying $452/mt CFR for August shipment.
Local News
- GrainCorp have announced plans to expand its grains-receival network on the east coast of Australia for the upcoming 2022-23 harvest with 2 million mt of additional storage capacity.
- The Bureau of Metrology winter outlook has forecast June-to-August rainfall is very likely to be above median for most of Australia which may prove challenging for producers in northern NSW and QLD where paddocks are already drenched.
Price change in table below reflects moves since previous report (20 May 2022)
All Location Grain Prices
27 May 2022 |
Wheat |
Barley |
Maize |
Sorghum |
|
---|---|---|---|---|---|
Atherton Tablelands | Price range
Change | $495 - $505 -$10 | $425 - $435 Steady | $460 - $470 $5 | $415 - $425 $5 |
Darling Downs | Price range
Change | $495 - $505 $20 | $470 - $480 $25 | $455 - $465 $10 | $385 - $395 $25 |
North Coast NSW | Price range
Change | $395 - $405 $30 | $380 - $390 $25 | $430 - $440 $15 | $330 - $340 $5 |
Central West NSW | Price range
Change | $455 - $465 $10 | $395 - $405 Steady | $415 - $425 Steady | $285 - $295 $5 |
Wheat |
Barley |
Maize |
Canola meal |
||
Bega Valley | Price range
Change | $435 - $445 $5 | $395 - $405 $10 | $445 - $455 $50 | $555 - $565 -$5 |
Gippsland | Price range
Change | $495 - $505 Steady | $455 - $465 $5 | $490 - $500 $20 | $610 - $620 $20 |
Goulburn & Murray Valley | Price range
Change | $470 - $480 Steady | $435 - $445 $10 | $445 - $455 $50 | $480 - $490 Steady |
South West Victoria | Price range
Change | $475 - $485 $5 | $415 - $425 $30 | $490 - $500 $20 | $595 - $605 $20 |
South East SA | Price range
Change | $490 - $500 $10 | $445 - $455 -$15 | $460 - $470 $5 | $640 - $650 $20 |
Central SA | Price range
Change | $465 - $475 $10 | $410 - $420 $20 | $460 - $470 $5 | $365 - $375 $20 |
North West Tasmania | Price range
Change | $585 - $595 Steady | $545 - $555 $5 | $500 - $510 $20 | $700 - $710 $20 |
Wheat |
Barley |
Triticale |
Oats |
||
South West WA | Price range
Change | $425 - $435 $25 | $420 - $430 $10 | $355 - $365 Steady | $305 - $315 $15 |
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.