Grain and oilseed prices for Melbourne, Adelaide, Oaklands

Canola prices have dipped from recent peaks but remain above season-start levels, as global futures slide and growers report patchy crop emergence across key locations. See the current prices for grains and oilseeds.

Benchmark grain prices in Melbourne have held steady despite what is continuing strong demand for feed grain.

The current, uncommitted canola seed prices, were $20 a tonne lower than new crop prices. This suggested no immediate shortage in seed.

Agricultural consultant Colin Peace said French rapeseed futures had dropped by 6 per cent or $55 a tonne in the past three weeks due to better-than-expected harvest yields in the northern hemisphere.

Meanwhile, Winnipeg canola futures have fallen 8 per cent or $65 a tonne in the past three weeks, despite dry conditions in the Canadian Prairies.

In addition new crop canola was quoted at $808 a tonne on a Victorian port basis. This was $66 a tonne below the seasonal peak reached three weeks ago.

And despite recent declines, new-crop canola prices remained above the season opening value of $740 a tonne recorded five months ago.

Domestically there were still concerns about uneven germination particularly in canola crops.

“We are seeing a tale of two crops, some plants are struggling in dry soil, while others have only just emerged,” he said.

“A month ago we were talking about above-average rainfall; now the concern is whether there’s enough in the profile to see crops through to harvest.”

online artwork July 16 hay/grain

Melbourne, Victoria

Non GM canola: $822

GM canola: $772

H2 wheat: $372

APW wheat: $369

ASW wheat: $366

AGP wheat: $360

Malt 1 barley: $368

Maximus (MX1) barley: $368

BAR1 barley: $368

Milling oats: $480

Feed oats: $435

Lupins: $680

Field peas: $730

Desi chickpeas: $830

Kabuli chickpeas: $910

Hallmark lentils: $850

Faba beans: $665

Adelaide, South Australia

Non GM canola: $764

GM canola: $694

H2 wheat: $376

APW wheat: $373

ASW wheat: $364

AGP wheat: $354

Malt 1 barley: $365

Maximus (MX1) barley: $365

BAR1 barley: $355

Milling oats: $475

Feed oats: $435

Lupins: $670

Field peas: $730

Desi chickpeas: $840

Kabuli chickpeas: $920

Hallmark lentils: $850

Faba beans: $670

Oaklands, NSW

Non GM canola: $783

GM canola: $768

H2 wheat: $298

APW wheat: $298

ASW wheat: $298

AGP wheat: $292

Malt 1 barley: $300

Maximus (MX1) barley: $300

BAR1 barley: $300

Milling oats: $440

Feed oats: $388

Lupins: $675

Field peas: $705

Desi chickpeas: $772

Kabuli chickpeas: $884

Hallmark lentils: $792

Faba beans: $607

Cash prices are for 2024-25 season and based on the higher of capital city, port or country price, less freight and compulsory charges. Quality payments for protein, screenings and moisture may apply.