Grain and oilseed prices for Melbourne, Adelaide, Oaklands

Slight increases in Victoria have been recorded for both wheat and canola prices. See how values are tracking.

Canola prices have increased by $5 a tonne in Victoria, with quotes of $815 a tonne and, wheat has also shown a slight uptick increasing from $380 last week to $383 this week.

It was another stop-start week of harvest activity in Victoria, with hot weather prompting harvest bans in many parts on Monday.

Victorian farmers delivered 610,200 tonnes of grain to GrainCorp depots in the past week and the total for 2024 is 2,041,900.

The total for the eastern states at GrainCorp sites is 10,397,300.

A GrainCorp spokesperson said several weeks of wet weather had initially delayed harvest activity in southern NSW and Victoria, however farmers were welcoming the drier conditions.

Agricultural consultant Colin Peace said the immediate export demand for feed-type grains was currently being challenged by a bulk shipping lineup that was heavily featuring canola and chickpeas in Victorian ports and lentils at South Australian ports.

He said grain markets were currently supported by the lower Australian dollar and a lower forecast of production and stocks.

The Australian dollar hit a 13-month low of US63.7 cents earlier in the week due to a strong Mr Peace said US dollar and concerns over weak economic growth that could result in an Australian interest rates cut rather than a rise.

In addition the exchange rate was helping to offset some larger wheat production estimates from Western Australia and Argentina.

“The outlook for pulses is unclear as Canadian growers may plant less canola and more pulses when their paddocks thaw,” he said.

Production costs were also expected to fall by 8 per cent and US tariffs were anticipated to reduce the Canadian canola price by 16 per cent next year.

online artwork dec 18 hay/grain

Prices based on per tonne price for the week ending December 16 2024

Melbourne, Victoria

Non GM canola: $815

GM canola: $755

H2 wheat: $383

APW wheat: $365

ASW wheat: $358

AGP wheat: $314

Malt 1 barley: $350

Maximus (MX1) barley: $345

BAR1 barley: $342

Milling oats: $460

Feed oats: $400

Lupins: $617

Field peas: $595

Desi chickpeas: $930

Kabuli chickpeas: NA

Hallmark lentils: $920

Faba beans: $665

Adelaide, South Australia

Non GM canola: $818

GM canola: $738

H2 wheat: $377

APW wheat: $370

ASW wheat: $362

AGP wheat: $345

Malt 1 barley: $352

Maximus (MX1) barley: $352

BAR1 barley: $320

Milling oats: $470

Feed oats: $395

Lupins: $615

Field peas: $595

Desi chickpeas: $925

Kabuli chickpeas: NA

Hallmark lentils: $925

Faba beans: $660

Oaklands, NSW

Non GM canola: $763

GM canola: $748

H2 wheat: $298

APW wheat: $298

ASW wheat: $290

AGP wheat: $285

Malt 1 barley: $285

Maximus (MX1) barley: $277

BAR1 barley: $274

Milling oats: $400

Feed oats: $378

Lupins: $559

Field peas: $570

Desi chickpeas: $872

Kabuli chickpeas: NA

Hallmark lentils: $862

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.