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 Ending15 January 2021
  • Location: Darling Downs

    Week Ending15 January 2021
  • Location: North Coast NSW

    Week Ending15 January 2021
  • Location: Central West NSW

    Week Ending15 January 2021
  • Location: Bega Valley

    Week Ending15 January 2021
  • Location: Gippsland

    Week Ending15 January 2021
  • Location: Goulburn & Murray Valley

    Week Ending15 January 2021
  • Location: South West Victoria

    Week Ending15 January 2021
  • Location: South East SA

    Week Ending15 January 2021
  • Location: Central SA

    Week Ending15 January 2021
  • Location: South West WA

    Week Ending15 January 2021
  • Location: North West Tasmania

    Week Ending15 January 2021

International and national summary

National background comments: report for the week ending 15 January 2021.

The next update will be on Friday 22 January 2021. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

  • After the USDA WADSE report was released on Tuesday, wheat future markets increased by 5%. However, increased domestic demand and relatively stable supply have caused the forecast for US ending wheat stocks to reduce.
  • There are reports of China looking to increase their soybean imports in 2020/21, with the Chicago Board of Trade increasing prices for soybean and corn future markets.
  • Russia’s agriculture ministry has proposed to further increase the planned wheat export duty as a way to combat the rising domestic cost of food. A duty on other grains is also being proposed under this new scheme.

Driving Prices Down

  • After two months of continuous dry conditions, recent rainfall across parts of South America over the past week have helped to improve soil moisture levels and potential corn and soybean yields.
  • The USDA annual winter wheat plantings report estimates the planted area for US winter wheat crop to be 32 million acres, a 5% increase compared to previous years.

Global Trade News

  • The Ministry of Industry and Trade Supply (MIT) in Jordan, bought 60,000 metric tonnes of milling wheat, paying US$15.20/mt more than their previous tender. Sources suggest this was primarily due to the weakening US dollar, and the increase on future markets published in the USDA report.
  • In Egypt, the General Authority for Supply Commodities (GASC) have cancelled a recent tender for 60,000 mt of milling wheat, following offers that were approximately US$30/mt higher than their previous tender in December.
  • In Turkey, a state grain buyer has purchased 130,000 mt of feed barley, averaging US$260.53/mt. Reports indicate Turkish barley imports are expected to reach 400,000 mt in 2020/21, a 55% reduction compared to last year.

Local News

  • The harvest season in Australia is approximately 98% complete, with over 33 million mt of grain delivered. In South Australia and Victoria, the harvest period is estimated to wrap up over the next few weeks, weather permitting.
  • There are reports of weather conditions in eastern Australia, influenced by the La Nina event in the Pacific, will ease up in the early autumn months.

Price change in table below reflects moves since previous report (08 January 2021)

All Location Grain Prices

15 January 2021

Wheat

Barley

Maize

Sorghum

Atherton Tablelands
Price range
Change
$345 - $355
$5
$295 - $305
Steady
$395 - $405
-$5
$335 - $345
-$10
Darling Downs
Price range
Change
$305 - $315
$10
$265 - $275
$5
$380 - $390
-$5
$300 - $310
$5
North Coast NSW
Price range
Change
$270 - $280
$10
$205 - $215
$5
$355 - $365
Steady
$325 - $335
-$10
Central West NSW
Price range
Change
$245 - $255
$5
$205 - $215
$5
$355 - $365
Steady
$265 - $275
-$2

Wheat

Barley

Maize

Canola meal

Bega Valley
Price range
Change
$280 - $290
$5
$220 - $230
$5
$355 - $365
$10
$455 - $465
$20
Gippsland
Price range
Change
$300 - $310
$10
$250 - $260
$15
$380 - $390
-$5
$455 - $465
$25
Goulburn & Murray Valley
Price range
Change
$285 - $295
$10
$225 - $235
$15
$345 - $355
$20
$440 - $450
-$5
South West Victoria
Price range
Change
$300 - $310
$10
$245 - $255
$10
$380 - $390
-$5
$440 - $450
$10
South East SA
Price range
Change
$290 - $300
$5
$205 - $215
Steady
$410 - $420
-$5
$485 - $495
$15
Central SA
Price range
Change
$290 - $300
Steady
$210 - $220
$10
$415 - $425
-$5
$255 - $265
$10
North West Tasmania
Price range
Change
$390 - $400
$10
$340 - $350
$15
$390 - $400
-$5
$545 - $555
-$5

Wheat

Barley

Triticale

Oats

South West WA
Price range
Change
$325 - $335
$10
$275 - $285
$15
$270 - $280
$5
$275 - $285
$20
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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