# GrainCorp profit caned by global glut but grain stocks now in demand | Farm Online | ACT

> GrainCorp says feedlot demand in Queensland and NSW is consuming eastern Australia's large on-farm grain stocks faster than expected. Eastern wheat and barley prices are almost $100 a tonne above WA values, and the market may turn to Western Australia for supply. GrainCorp's six-month net profit fell to $5 million amid a global grain glut.

- Date: 2026-05-14 · published 2026-05-14T12:00:00.000Z
- Category: trade · region Australia · magnitude low
- Page: https://feedsoft.ai/events/19335-graincorp-profit-caned-by-global-glut-but-grain-stocks-now-in-demand-farm
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Strong domestic feed demand and concern over dry northern crops are tightening eastern Australian grain, which supports local feed prices and may pull WA grain east.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-12-09 | [China’s Grain Imports Surge 30% on Rising Livestock Demand - Caixin Global](https://feedsoft.ai/events/49503-china-s-grain-imports-surge-30-on-rising-livestock-demand-caixin-global.md) | -1.1% | +4.5% |
| WHEAT | 2020-10-30 | [Wheat prices gain in India on higher export and festival demand, but still rule below MSP](https://feedsoft.ai/events/50606-wheat-prices-gain-in-india-on-higher-export-and-festival-demand-but-still-rule.md) | -1.8% | -7.1% |
| WHEAT | 2021-05-20 | [Brisk exports cut into grain, oilseed stocks \| The Western Producer](https://feedsoft.ai/events/47065-brisk-exports-cut-into-grain-oilseed-stocks-the-western-producer.md) | -2.5% | +2.7% |
| WHEAT | 2017-10-19 | [U.S. grains: Soy, wheat, corn firm on export demand - AgCanada](https://feedsoft.ai/events/68544-u-s-grains-soy-wheat-corn-firm-on-export-demand-agcanada.md) | +0.2% | -3.0% |
| WHEAT | 2020-10-27 | [Demand-driven wheat rally supported by production uncertainty - Grain Central](https://feedsoft.ai/events/50675-demand-driven-wheat-rally-supported-by-production-uncertainty-grain-central.md) | -2.3% | -7.5% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/9246750/graincorp-profit-caned-by-global-glut-but-grain-stocks-now-in-demand/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.