Blog Post

Feedgrain Focus: SFW passes $500/t, tops drought highs

Planting of Australia’s winter crop is well advanced in all states including Western Australia. Photo: DPIRD

SFW WHEAT has passed the $500-per-tonne mark this week in eastern Australia, and is trading at close to $520/t in the Port Adelaide zone amid thin grower selling, buoyant demand from exporters with hatches to fill, and tight logistics.

The price exceeds the highs of around $465/t for ASW wheat delivered southern Queensland Downs in 2018, when drought had reduced local supplies, and ahead of interstate grain arriving in volume to settle the market at international…

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