Australia's Independent Grain Report
Your new daily price discovery
Our goal is to help growers and their agents determine the selling price for their grain by providing relevant price discovery each day.
Check out the moves in overnight international markets and yesterday's actual traded prices across Australia. There's also market commentary giving context and comparisons to prices of international physical markets.
If you need to change your offer price, simply edit it before market open.
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SPOT Contract
AUD/t
Change
Wheat
CBOT
$422
-$8
Kansas
$480
-$7
MATIF Milling
$483
-$2
Black Sea
$469
-$3
Corn
CBOT
$382
-$8
MATIF
$483
-$1
Canola
ICE
$890
-$37
MATIF
$905
-$15
Currency
AUD/USD
0.681
0.0023
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Markets all in the red last night and AUD firmer.
No real reason wheat markets fell away, apart from being dragged into the gutter by soybeans.
The Chinese lockdown is hurting beans and corn exports as Chinese demand slows.
Thailand bought 123,000mt feed wheat (SFW) at USD $349 C&F (cost & freight, their ports). This works back to ~$440 FIS WA and ~$420 track port East Coast.
The elevation margin if ASW was loaded from Kwinana would be over $100 pmt less demurrage and long lunches.
If we loaded the actual quality, i.e. SFW wheat from Port Kembla, the elevation margin would be around $65 pmt, less demurrage and a huge Christmas party and executive bonuses.
Russian feed wheat is currently indicated around USD $300 FOB (free on board) which equates to ~ $410 WA FIS and $390 track port East Coast.
Russian feed barley is quoted around USD $285 – USD $290 FOB or $390 WA FIS and $370 track port East Coast.
Australian APW wheat is trading around USD $50 under USA hard red winter wheat ex Pacific North West ports.