Grain and oilseed prices for Melbourne, Adelaide, Oaklands

After a rally, canola prices have dropped from $825/tonne to $806/tonne. Wheat is trading at $342/tonne. See how grain and oilseed prices are tracking.

After a price rally, canola prices have settled at $806/tonne this week, down from $825/tonne offered last week.

Meanwhile, wheat has slipped slightly to trend at $342/tonne.

Agricultural consultant Colin Peace said the pace of harvest slowed this week due to the rain at the weekend.

“Canola prices have drifted $11 a tonne lower in the past week despite some strength in international markets and a weaker Aussie dollar,” Mr Peace said.

“According to traders, Australian canola is struggling to be competitive in world markets.”

This week, the Australian dollar dropped to US64.62 cents, the lowest since November last year. And the dollar remains challenged by a weak Chinese economy and recent disappointing employment statistics.

In contrast, interest rates were expected to boost the US economy and push up the value of the US dollar against most world currency.

Pressure from the frost in September continues to take a toll, and Mr Peace said canola hay baled near Pleasant Hills in the eastern Riverina region of NSW, was being discounted from $275/tonne ex farm to $220/tonne.

“Other frosted crops in the Mid and Upper north of South Australia were offered at $300/tonne, ex farm.

Barley hay on farms near Balaklava was offered for $300/tonne and sellers between Shepparton and Raywood were offering barley hay for $250/tonne to $280/tonne.

online artwork Nov 20 hay/grain rolling update

Prices at ports based on per tonne price for the week ending November 18 2024

Melbourne, Victoria

Non GM canola: $825

GM canola: $795

H2 wheat: $370

APW wheat: $357

ASW wheat: $353

AGP wheat: $342

Malt 1 barley: $345

Maximus (MX1) barley: $340

BAR1 barley: $337

Milling oats: $445

Feed oats: $400

Lupins: $610

Field peas: $565

Desi chickpeas: $885

Kabuli chickpeas: NA

Hallmark lentils: $890

Faba beans: $645

Adelaide, South Australia

Non GM canola: $806

GM canola: $776

H2 wheat: $377

APW wheat: $367

ASW wheat: $359

AGP wheat: $355

Malt 1 barley: $346

Maximus (MX1) barley: $346

BAR1 barley: $329

Milling oats: $450

Feed oats: $395

Lupins: $610

Field peas: $575

Desi chickpeas: $890

Kabuli chickpeas: NA

Hallmark lentils: $890

Faba beans: $650

Oaklands, NSW

Non GM canola: $763

GM canola: $748

H2 wheat: $303

APW wheat: $285

ASW wheat: $285

AGP wheat: $283

Malt 1 barley: $290

Maximus (MX1) barley: $282

BAR1 barley: $269

Milling oats: $385

Feed oats: $378

Lupins: $552

Field peas: $540

Desi chickpeas: $827

Kabuli chickpeas: NA

Hallmark lentils: $832

Faba beans: $587

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.