Grain and oilseed prices for Melbourne, Adelaide, Oaklands

Canola prices have hit a two-year high of $768/tonne while wheat is steady at $354/tonne. See our rolling coverage and full list of prices.

Canola prices have hit a two-year high at port in Victoria to settle at $768/tonne for the week starting October 14 2024.

The price is up $112/tonne from $656/tonne this time last year and shows a $22/tonne increase on last week.

Wheat is averaging $354/tonne which is the same as last week and a fall of $52/tonne compared to this time last year.

Lentils have increased to $940/tonne compared to $910/tonne last week and the prices are $30/tonne less than at the same time last year.

Agricultural consultant Colin Peace said both global and local weather conditions had combined to boost prices for many commodities, but this was offset by the fact growers were expecting lower yields.

For lentils brokers have reported a $30/tonne lift in the past week and a $170/tonne or 23 per cent rise since the frosts began in September.

“Although some forecasts are suggesting 15mm to 25mm of rain will cover all of Victoria except for the northern Mallee this week, faba bean crops are also struggling,” Mr Peace said.

New-crop prices for No2 grade faba beans have increased by $70/tonne to $530/tonne delivered to Melbourne.

Mr Peace said lingering dry weather continued to delay planting of winter wheat in Russia and as a result prices for Russian wheat had increased by $22/tonne in the past three weeks.

“Supply concerns and further restrictions on Russian wheat exports are supporting prices and export bids for wheat and barley, and these are up another $3 to $5/tonne this week,” he said.

Canola in flower. Picture: Zoe Phillips

Prices at ports based on per tonne price for the week ending October 14 2024:

Melbourne, Victoria

Non GM canola: $765

GM canola: $725

H2 wheat: $375

APW wheat: $366

ASW wheat: $359

AGP wheat: $354

Malt 1 barley: $349

Maximus (MX1) barley: $349

BAR1 barley: $349

Milling oats: $445

Feed oats: $350

Lupins: $610

Field peas: $560

Desi chickpeas: $910

Kabuli chickpeas: $1020

Hallmark lentils: $940

Faba beans: $510

Adelaide, South Australia

Non GM canola: $768

GM canola: $738

H2 wheat: $382

APW wheat: $370

ASW wheat: $360

AGP wheat: $360

Malt 1 barley: $350

Maximus (MX1) barley: $350

BAR1 barley: $345

Milling oats: $450

Feed oats: $360

Lupins: $615

Field peas: $570

Desi chickpeas: $920

Kabuli chickpeas: $1050

Hallmark lentils: $920

Faba beans: $520

Oaklands, NSW

Non GM canola: $726

GM canola: $701

H2 wheat: $297

APW wheat: $297

ASW wheat: $291

AGP wheat: $286

Malt 1 barley: $293

Maximus (MX1) barley: $281

BAR1 barley: $281

Milling oats: $385

Feed oats: $328

Lupins: $552

Field peas: $535

Desi chickpeas: $852

Kabuli chickpeas: $994

Hallmark lentils: $882

Faba beans: $452

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.