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Grain Report Thursday - 22nd 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 markets up; merry Christmas.

  • Unfortunately, that’s the end of the festive season and celebrations, unless you can export Aussie grain.

  • The NSW Grain Growers President, Xavier Martin has come out with guns blazing on the price returns to growers.

  • It was reported, “New South Wales grain growers say they feel like they are being mugged by a 100-tonne gorilla when they sell their crops.”

  • Xavier Martin said “growers feel like they've been tangling with three bears” referring to dealing with the 3 main exporters on the East Coast.

  • The following business done this week into my old stomping ground might make Xavier Martin explode and change his statement to;

  • “Holy crap, our pants have been pulled down and we have been tapped on the shoulder by 3 Bears, a 100-tonne gorilla and 29 other export companies waiting in line”

  • Two parcels totalling 150,000 tonnes of APW were sold to Iraq at USD $461 and USD $496 Cost & Freight to Umm Qasr.

  • Before we dissect the numbers, which will ruin your Christmas, the first thing that stands out like 3 Bears and a 100-tonne gorilla, is the price difference of USD $35 or AUD $52 per tonne between the 2 parcels sold. 100,000 tonnes was sold AUD $52 lower than the other parcel of 50,000 tonnes.

  • I know good staff are hard to find, but I don’t think we should let the 100-tonne gorilla trade grain.

  • Now let’s dissect the sale.

  • A sale of USD $461 to Iraq works back to AUD $618 FIS WA and AUD $594 Track East Coast for 11 % protein milling wheat, so APW with a bit of H2 blended.

  • This is AUD $158 over where a grower sold APW1 in Kwinana yesterday and around AUD $184 over the East Coast Track market.

  • This is the lower of the two sales.

  • The other 50,000 tonne parcel that was sold at USD $496 works back to AUD $670 FIS WA (AUD $200 over the market) and AUD $646 Track East Coast (AUD $236 over the market).

  • Maybe the inland transport fee, or what became known as the “Kickback” that was included in the Iraqi business 22 years ago has been re-introduced.

  • Well, at least the term used by Xavier Martin, a “100 tonne Gorilla” is almost accurate, as a gorilla is a $1000 dollars, and it won’t be long until the export parity gap to local markets gets there?

  • Of course, the argument remains, the buyer doesn’t have to lift their price, if someone hits it.

  • Growers can have influence in the price they receive for their grain.

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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