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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 Ending01 September 2023
  • Location: Darling Downs

    Week Ending01 September 2023
  • Location: North Coast NSW

    Week Ending01 September 2023
  • Location: Central West NSW

    Week Ending01 September 2023
  • Location: Bega Valley

    Week Ending01 September 2023
  • Location: Gippsland

    Week Ending01 September 2023
  • Location: Goulburn & Murray Valley

    Week Ending01 September 2023
  • Location: South West Victoria

    Week Ending01 September 2023
  • Location: South East SA

    Week Ending01 September 2023
  • Location: Central SA

    Week Ending01 September 2023
  • Location: South West WA

    Week Ending01 September 2023
  • Location: North West Tasmania

    Week Ending01 September 2023

International and national summary

National background comments: report for the week ending 1 September 2023.

The next update will be on Friday 8 September 2023. Direct links to reports on each dairy region immediately follow this international and national summary for grain.

Driving Prices Up

  • The threat of dry spring conditions continues to support Australia’s domestic grain prices, particularly compared to offshore markets, with El Niño conditions still threatening a dry finish.

  • Dry weather across Canada is offering some support for prices despite the market pricing these in over the last few weeks. StatsCan has forecast Canada’s total wheat production to fall 4.9 million mt to 29.5 million mt (-14.2 per cent) in 2023, 4.5 per cent below the five-year average. Canada’s barley production is expected to drop by 2.1 million mt in 2023 to 7.9 million mt (-20.1 per cent).

Driving Prices Down

  • United States (US) winter wheat harvest is complete, with spring wheat harvest now past halfway complete. This additional supply is adding some downward pressure to the wheat market with US wheat futures nearing levels not seen since early 2021.

  • A substantial Brazilian corn crop is driving increased competition in global markets, which is weighing on prices.

Global Trade News

  • The first shipment of Australian barley is heading to China after import restrictions were lifted earlier this month. Reports claim between 700,000 and 1 million mt of barley have been sold to China since the restrictions were lifted.

  • Jordan’s state grain importer purchased 60,000 mt of feed barley at US $254/mt CFR for shipment in February.

  • South Korea’s feed importer Major Feedmills Group purchased 55,000 mt of feed wheat from the Black Sea (excluding Ukrainian and Russian ports) at US$273.80/mt CFR for December delivery.

  • South Korean feed importer Nonghyup Feed Inc purchased 55,000 mt of feed wheat at $273.90/mt CFR for November delivery. The increased interest in feed wheat comes amidst lower prices, prior tenders were focused on corn due to the relatively lower prices compared to feed wheat.

Local News

  • Local rainfall recorded across Australia’s key growing regions was minimal this week, with only northern Victoria, southern New South Wales and the southeast of South Australia acquiring greater than 15mm of rain. According to the Bureau of Meteorology, minimal rainfall is forecast throughout South Australia and Queensland throughout the next week.

  • Growers are turning their attention to forward selling with most old crop now sold.

  • Improved access to nitrogen fertilisers in recent weeks, resulting from the arrival of recent shipments, has seen farmers busily applying fertiliser to crops and working on spraying for pests and disease.

    Price change in table below reflects moves since previous report (25 August 2023)

 

All Location Grain Prices

01 September 2023

Wheat

Barley

Maize

Sorghum

Atherton Tablelands
Price range
Change
$430 - $440
$5
$410 - $420
$10
$450 - $460
$10
$420 - $430
Steady
Darling Downs
Price range
Change
$470 - $480
$5
$455 - $465
$10
$450 - $460
$15
$430 - $440
Steady
North Coast NSW
Price range
Change
$385 - $395
Steady
$385 - $395
Steady
$415 - $425
Steady
$375 - $385
Steady
Central West NSW
Price range
Change
$365 - $375
$10
$340 - $350
$5
$415 - $425
Steady
$380 - $390
$10

Wheat

Barley

Maize

Canola meal

Bega Valley
Price range
Change
$400 - $410
-$5
$380 - $390
$5
$440 - $450
Steady
$540 - $550
$5
Gippsland
Price range
Change
$395 - $405
Steady
$375 - $385
Steady
$455 - $465
Steady
$555 - $565
$5
Goulburn & Murray Valley
Price range
Change
$380 - $390
Steady
$345 - $355
Steady
$440 - $450
Steady
$545 - $555
$10
South West Victoria
Price range
Change
$385 - $395
$5
$325 - $335
Steady
$455 - $465
Steady
$540 - $550
$5
South East SA
Price range
Change
$390 - $400
-$5
$340 - $350
Steady
$440 - $450
Steady
$585 - $595
$5
Central SA
Price range
Change
$395 - $405
Steady
$370 - $380
Steady
$445 - $455
Steady
$380 - $390
Steady
North West Tasmania
Price range
Change
$485 - $495
Steady
$465 - $475
Steady
$465 - $475
Steady
$645 - $655
Steady

Wheat

Barley

Triticale

Oats

South West WA
Price range
Change
$385 - $395
Steady
$345 - $355
Steady
$315 - $325
Steady
$345 - $355
-$30
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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