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Grain Report Friday - 16th December



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.


What price do you want for your grain?

Chart including Wheat CBOT prices, Wheat Black Sea prices, Canola ICE prices and Canola MATIF prices

Grain trade prices for Australia Grain (wheat, barley, Sorghum, Lupins, Canola, Faba Beans, Oats, Chickpeas and lentils)

  • Wheat and corn up last night.

  • Soybeans off. This big Brazilian bean crop could put some pressure on oilseeds prices next year.


  • The 90-day weather forecast for US Hard Red Winter Wheat (HRW =APW) growing region is for below average rainfall.

  • However, there is a disclaimer – “we don’t know what the temperature will be next week, so our forecast may be right, or it may be wrong”

  • The USA sold 469,000 tonnes this week, which is well up on last week’s sales of 189,900mt.

  • Wouldn’t it be good if our fully deregulated market reported sales, so all market participants are fully informed to make pricing decisions.


  • The Yanks also report export prices on a weekly basis and supply and demand every month.

  • The USA Hard Red Winter Free on-Board Price (FOB) is currently around USD $380 per tonne, or $540 Free-In-Store (FIS) WA , $520 Track Vic.

  • The West Australian Free on-Board price is quoted as $361 FOB or AUD $511 FIS WA. The East Coast equivalent would be around $480 Track.


  • We also have a freight advantage into the Asian markets.

  • The US Soft White Wheat (SWW) which is exported through the Pacific Northwest (PNW) is currently quoted at USD $333 per tonne FOB, or $470 FIS WA, AUD $450 Track East Coast.

  • The USA grows a 45 million tonne crop and will carry over 15 million tonnes from one season to the next. 2 years ago, this figure was 23 million tonnes.

  • So why does the US achieve a premium over Australia? It is not quality.


  • Is it because we drop our pants at harvest? Is it the increased competition to buyers and we discount ourselves to win business? But the US is a deregulated market with numerous sellers?

  • If someone says we compete with Russia at USD $314 FOB, and French crappy wheat at USD $326 FOB, I will point to the Yanks selling 469,000 tonnes this week, and they export 20 million tonnes per year.

  • The Yanks are not a niche wheat seller, so why do they get more for their APW equivalent grade?

  • One day someone will explain it to me as I cry into my old AWB stubby holder?


Most importantly we're always here to help!

Please give us a call or email if you have any questions.


Call 1800 000 410 or Email support@cgx.com.au

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