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Grain Report Wednesday - 01st March

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)

Look Out!

  • Well, that’s summer done and dusted. Time to get the tractors out and start planting soon.

  • Markets a complete Ranga’ last night.

  • Ranga’s are not popular, and Prince Harry is doing nothing to improve that image.

  • The good news is, the wheat market's downward momentum lost a bit of steam last night, however, overall sentiment for world markets is bearish.

  • It was the beans and corn that got caught in the end of month sell off.

  • The Gypo government announced they have enough strategic wheat reserves for almost 5 months, which means they will tender this week.

  • One to keep an eye on is the slow pace of planting for the second (Safrinha) corn crop in Brazil. The Safrinha crop accounts for approximately 77% or 95 million tonnes of Brazilian corn production.

  • Planting is only at 26% in Southern Brazil, versus the 52% average. The later planting could result in lower yields, and with the Argie corn crop going backwards and a tight world corn balance sheet, this could be supportive to prices.

  • The Safrinha crop harvest begins in May.

  • But don’t worry about corn supply, as the US is going to grow a 380 million record crop, when they plant it. North Melbourne will also win the flag and the Labor government won't mess with our super, urea or any fertilizer.

  • The other one to watch, which I keep banging on about is India and the heat waves. Their February was the hottest on record and they have started winding back their canola crop by 2 million tonnes to 10-10.5 million tonnes.

  • The Indian Meteorological Department has advised the “probability” of a heat wave during March to May is likely.

  • Is this groundhog day? Same thing happened last year, and their record crop dropped and in May they banned exports, rocketing the world market upwards.

  • East Coast markets are supported, irrespective of the bearish world situation.

  • Vic APW and BAR1 Track markets are up around AUD $10 over the month.

  • Port Kembla is up $20 for APW for the month.

  • Unfortunately, Kwinana has bucked the trend and APW has fallen away $20 per tonne, which is surprising as I thought APW supply was tight in WA?

  • WA APW is still trading at a $20 premium over Vic and SA, which approximately AUD $10 is freight spread and $10 is due to tighter supply.

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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