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 Ending30 October 2020
  • Location: Darling Downs

    Week Ending30 October 2020
  • Location: North Coast NSW

    Week Ending30 October 2020
  • Location: Central West NSW

    Week Ending30 October 2020
  • Location: Bega Valley

    Week Ending30 October 2020
  • Location: Gippsland

    Week Ending30 October 2020
  • Location: Goulburn & Murray Valley

    Week Ending30 October 2020
  • Location: South West Victoria

    Week Ending30 October 2020
  • Location: South East SA

    Week Ending30 October 2020
  • Location: Central SA

    Week Ending30 October 2020
  • Location: South West WA

    Week Ending30 October 2020
  • Location: North West Tasmania

    Week Ending30 October 2020

International and national summary

National background comments: report for the week ending 17th January, 2020.

The next update will be on Friday 24th January, 2020. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

  • CBOT wheat markets have continued to find a firmer tone throughout the beginning of the New Year. Recent geopolitical events as well as weather conditions for the northern hemisphere crops have driven the firmer tone for CBOT wheat futures.
  • Industrial strikes in France may lead to a slower export pace from the EU’s largest wheat exporter, leading to CBOT wheat futures to expect an increased appetite for US wheat.
  • News that there may be an export limit in Russia wheat exports beginning 2021, albeit at all, contributed to a firmer tone for CBOT wheat.
  • Whilst, warm conditions in Russia may hamper winter wheat crop growth and dry and cold temperatures in the US also continue to support the firmer tone.

Driving Prices Down

  • The recent US and Iran conflict led to a softer tone for CBOT wheat futures, however this has been unable to halt the steady, gradual increase in world wheat prices seen in recent months.
  • The recent signing of the US and China Phase One trade deal led to an underwhelming response from CBOT futures. Most markets were already aware of the details that would be announced, and a noticeable lack of specific detail has led to uncertainty and a softer tone for most CBOT markets other than CBOT wheat futures.

Global Trade News

  • The recent announcement at the White House of the signing of the Phase One deal between the US and China has led to a large amount of uncertainty.
  • Specific details are still unknown with the agreement, in brief, stating that China are required to purchase US$80b of US agricultural goods over the coming two years.
  • However, some Chinese officials have also announced that China will purchase an average of US$40b these purchases will be driven by market demand.
  • The amount promised or not promised by either side is unimportant, the main determinant will be US exports, this will begin in February after the 30-day implementation period.
  • The most recent GASC, Egyptian state buyer, wheat tender was won by Russia and Romania. Following the recent firmer tone in CBOT wheat futures this has been reflected in global prices with the GASC paying US$4/t than the previous tender, only a week prior.

Local News

  • Harvest has been completed across Australia, with winter crop production for this season finishing slightly behind last season.
  • Australian wheat production was lower this season in comparison to the 2018/19 season, while barley production was slightly higher.
  • Rainfall is expected across most of the east coast over the next week, however this is unlikely to aid any summer cropping prospects.
  • Most grain growers in the eastern states will aim to conserve subsoil moisture and use it for winter crop planting.

All Location Grain Prices

29 October 2020

Wheat

Barley

Maize

Sorghum

Atherton Tablelands
Price range
Change
$350 - $360
$5
$275 - $285
Steady
$385 - $395
$1,999
$320 - $330
Steady
Darling Downs
Price range
Change
$305 - $315
$5
$250 - $260
Steady
$385 - $395
$2,999
$315 - $325
Steady
North Coast NSW
Price range
Change
$260 - $270
$15
$205 - $215
$10
$375 - $385
$3,999
$245 - $255
Steady
Central West NSW
Price range
Change
$240 - $250
$5
$195 - $205
Steady
$350 - $360
-$5
$250 - $260
Steady

Wheat

Barley

Maize

Canola meal

Bega Valley
Price range
Change
$305 - $315
$5
$245 - $255
$5
$385 - $395
$55
$365 - $375
-$5
Gippsland
Price range
Change
$320 - $330
$20
$245 - $255
$10
$395 - $405
-$1,999
$370 - $380
$10
Goulburn & Murray Valley
Price range
Change
$285 - $295
$10
$220 - $230
Steady
$385 - $395
$8,888
$360 - $370
-$5
South West Victoria
Price range
Change
$280 - $290
$10
$215 - $225
$10
$395 - $405
-$9,999
$370 - $380
$15
South East SA
Price range
Change
$300 - $310
$5
$230 - $240
-$5
$295 - $305
-$1,000
$455 - $465
Steady
Central SA
Price range
Change
$295 - $305
$5
$225 - $235
$10
$375 - $385
-$160
$475 - $485
Steady
North West Tasmania
Price range
Change
$4100 - $4200
-$100
$3350 - $345
$100
$4055 - $4115
$9,999
$4567 - $4789
-$888

Wheat

Barley

Triticale

Oats

South West WA
Price range
Change
$325 - $335
$20
$255 - $265
$5
$285 - $295
$999
$275 - $285
-$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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