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Grain Report Monday - 09th January

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 markets off slightly on Friday night.

  • Corn basically unchanged and beans found some love.

  • The ASX Jan 2023 wheat contract, traded down to $378.50 per tonne on Friday. This contract has fallen $25 per tonne since the start of the year.

  • March ASX wheat is trading at $385 per tonne.

  • The VIC Track Market is trading between $390 to $400 per tonne for APW wheat, which is off around $10 per tonne in the last week.

  • Australian FOB (Free On Board) values have fallen USD $4 (AUS $6 per tonne) per tonne since the week before Christmas.

  • At $390 Track, equals a FOB equivalent value of USD $302 FOB per tonne, which is around USD $50 under actual Australian East Coast FOB values.

  • The market has softened as the concerns about a large quality downgrade on the East Coast has been dismissed.

  • The world is also comfortable with the large supplies of wheat from Russia, Canada, and Australia, offsetting the tighter supplies from Argentina and Ukraine.

  • On the flipside, APW on the West Coast is trading at $50 premium to the East Coast, due to reduced supply and lower protein being produced in a high yielding season.

  • WA export values are quoted at USD $357 FOB, or AUD $490 FIS (Free In Store), which is AUD $40 over where the domestic market is being offered.

  • With ASW trading at $350 FIS Kwinana, which is a discount of AUD $90 per tonne to APW in WA, the price differences to export ASW wheat onto the world market are far greater than loading APW.

  • Australian feed wheat was sold to Asia last week at $345 CNF (Cost & Freight), which works back to $445 FIS WA for feed wheat.

  • This business could be executed from WA with an export difference of ~AUD $100 per tonne.

  • Hence, either export APW at AUD $40 difference or sell your hard earned ASW as feed wheat at a difference of ~AUD $100.

  • Real SFW wheat is trading around AUD $380 Track on the East Coast, which is just under USD $300 FOB.

  • So, to load the real quality against this sale, the difference to export is less than AUD $40 per tonne.

  • Note: The export differences are Gross, before other costs such as finance and demurrage.

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

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