Local Market Update


  • Good pasture covers on most dairy platforms, lessening demand for feeding of supplements.
  • Grain contracts are being fulfilled allowing excess free grain into market.
  • Feed barley price is still trading well above feed wheat price.
  • PKE spot price has increased to around $340 per tonne ex store.
  • There is limited demand from processors for prompt free wheat.
  • Industry buyers continue to be cautious in pricing grain for the 2021 harvest.
  • Be sure to monitor stored grain for pests and insects, populations are prone to rapid increase at this time of year.


Ruralco are always looking for grain to supply a wide range of end users. Drop in your sample at any Ruralco Store, or call the Ruralco Customer Service Centre on 0800 787 256 to arrange sample bags or pick up. For queries about free or uncontracted grain that you would like to sell please contact the Ruralco Seed Team, or request a call back below.


Request a Call back


Canterbury Growers Pricing Per Tonne*


Import Pricing Per Tonne*

*Pricing at 1 December 2020.



Meet Our Experts

Craig Rodgers


@: Craig.Rodgers@ruralco.co.nz
Ph: 027 495 2029


John Scott


@: John.Scott@ruralco.co.nz
Ph: 027 227 7048


Jack Dudley


@: Jack.dudley@ruralco.co.nz
Ph: 027 238 9014


Australian Update

Heatwave set to strike NSW-Qld summer crops

EXTREME heat wave conditions forecast to hit the summer cropping regions of southern Queensland and north west New South Wales over the coming week are set to have a dramatic impact on early-growth-stage summer crops, particularly sorghum and maize.

The Bureau of Meteorology says a low-intensity heatwave currently stretches over central Australia through parts of northern Western Australia and the Northern Territory into coastal NSW and south east Queensland.

That is expected to develop into a large area of severe heatwave conditions over northern NSW and southern Queensland over coming days and lead to extreme heatwave conditions over a sizable area covering north east NSW and southern Queensland by the start of next week.

Temperature highs of over 40 degrees Celsius are forecast for three or four days in a row in some areas.

Northern region agricultural consultant, Paul McIntosh, said the heatwave would have a detrimental impact on all the crops that are in the ground at the moment.

“It is not just a heatwave, it will probably have very low humidity. Heatwaves with high humidity are one thing, but heatwaves with low humidity will be a bad news story. If there is no humidity in the air, it just sucks the moisture out of the ground through evaporation,” he said.

Mr McIntosh said summer crops were “all over the place at the moment” at a great range of different stages.

“The corn crops are anywhere from very early tasseling. There is sorghum that is two inches high to sorghum that has flowers on it and going red,” he said.

“It is already suffering. It was planted on rain three or four weeks ago and is really struggling now with the days of heat and constant wind we have had.”

Feed Wheat Comparison



Feed Barley Comparison


World Update


The forecast for world total grains (wheat and coarse grains) production in 2020/21 is cut by 7m t m/m (month-on-month), to 2,219m, with a 10m downward adjustment for maize only partly offset by upgrades for other grains. The reduced outlook for global maize production is mainly linked to cuts for the EU, Ukraine and the USA. At 2,221m t, the world consumption forecast is down by 2m m/m; increased feed use of other grains compensate for a lower projection for maize feeding, but global industrial and other/residual uses of grains are each trimmed from before. Following a 3m t m/m reduction, to 616m, world stocks are now seen posting their fourth consecutive y/y (year-on-year) decline, as another drawdown for maize outweighs accumulations of other grains. Largely because of higher than previously projected maize shipments, the forecast for world grains trade (Jul/Jun) is boosted by 6m t m/m, to a record 409m. The forecast for maize imports by China is lifted sharply, but there are decreases for the EU and Mexico. US maize exports are revised upward to a new all-time high, while shipments by Ukraine are cut to a three-year low.

Stemming from downgrades for the US and Argentina, the forecast for global soyabean production in 2020/21 is cut by a further 5m t m/m, to 365m, still representing an 8% y/y gain and a new high. The net m/m fall in total supplies is channelled to reduced outlooks for consumption and stocks, with much of the reduction in inventories on a m/m and y/y basis tied to a contraction in the US. Partly linked to an increased estimate for the prior year, the figure for trade is raised to 168m t, down marginally y/y.

At 503m t, the Council’s forecast for global rice output in 2020/21 is trimmed from before, but would still be up 1% y/y and a new peak, mostly on gains in leading exporters. The production cut is offset by a higher figure for carry-in stocks, leaving supplies, consumption and carryovers broadly unchanged m/m. The projection for world trade in 2021 is maintained at 45m t, up 3m y/y on potentially bigger deliveries to markets in Africa.

The IGC Grains and Oilseeds Index (GOI) strengthened by 4% m/m, with gains for all the components other than wheat, with these showing only a fractional decline. Average export prices for soyabeans were strongly higher.



At 2,219m t, world total grains (wheat and coarse grains) production in 2020/21 is seen climbing by 33m y/y. Even though expectations for the global maize harvest have come down in recent months, world maize output is still expected to be an all-time high, at 1,146m t (+22m y/y), with record crops also anticipated for wheat and barley. Total grains consumption is predicted to expand by 28m t y/y, to 2,221m, driven by higher use of maize (+16m), wheat (+6m) and sorghum (+3m). New peaks for world food and feed use of grains are envisaged, while only a partial recovery from the decline of the previous season is foreseen for industrial use, largely linked to subdued demand for maize processing for ethanol. Global grains stocks are projected to be drawn-down for the fourth consecutive year, to a five-season low of 616m t (-2m y/y), entirely because of a reduction for maize (-23m). Most of the y/y contraction in maize stocks is in China and the USA. Stock accumulations are predicted for other grains, including wheat (+13m t, to a record level), barley (+4m) and oats (+2m). World total grains trade is predicted to expand by 15m t y/y, to a fresh high of 409m, including a twelfth consecutive annual increase in maize shipments, record trade in wheat and a four-season peak for sorghum.

World soyabean output is forecast to rebound to a record of 365m t (+8% y/y) in 2020/21 on a bigger US harvest, coupled with expectations for improved South American crops. Global consumption is seen rising by 5% y/y on gains in Asia, chiefly in China – where recovering swine numbers and expanding poultry production is seen boosting demand for soyameal – and the Americas, where Argentine processing is tentatively assumed to pick up. With a heavy drawdown in the US only partly offset by gains elsewhere, including in Brazil and China, global carryovers are predicted to tighten. After surging in the prior year, trade could edge lower in 2020/21 as sizeable purchases by China contrast with a potential modest reduction in deliveries to relatively smaller markets owing to better availabilities and high international prices.

Despite weak demand and disruptions to export flows earlier in the year owing to the impact of the COVID-19 pandemic, world rice trade in 2020 (Jan/Dec) is expected to be only fractionally lower y/y. This is linked to larger than anticipated shipments in the second half of the season, principally by India. Consumption in 2019/20 is seen reaching a new peak, with gains led by enlarged government food assistance programmes in India, while end-season inventories may be broadly unchanged y/y. Production in 2020/21 is forecast to expand by 6m t y/y, to a high of 503m, including larger outturns in major exporters. World uptake may continue to expand on population growth, while stocks could increase further. Trade in 2021 is anticipated to rebound by 6% y/y, to 45m t, on tentative expectations of stronger demand from importers in sub-Saharan Africa.



Led by a rally in soyabeans, the IGC GOI climbed by 4% m/m, to a six-season high.

The IGC GOI wheat sub-Index was little-changed m/m. Underpinned by spillover from rowcrops and uncertain 2021/22 production prospects, average export prices stayed close to a more than five-year peak.

Boosted by a tightening supply and demand outlook, the IGC GOI maize sub-Index was up slightly over the past four weeks, with some consolidation after the previous month's very steep gains.

The IGC GOI rice sub-Index firmed in November, lightly supported by Thai currency strength and rain delays to the harvest in Vietnam.

With sentiment buoyed by solid export interest and underlying worries about South American crop weather, the IGC GOI soyabeans sub-Index surged by 7%, to its highest since mid-2014.


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