Australia: Create the price for all of your grain

Chicago Board of Trade (CBoT) wheat futures finished up 1.66 per cent last week, or up 3.6pc in Australian dollar terms, thanks to a weakening Australian dollar against the US dollar. This saw continued improvement in demand for Australian grains last week, with 40 buyers pushing prices up to meet grower sell targets and purchase grain through Clear Grain Exchange. Ninety eight buyers were actively searching to buy grain, collectively making a total of 4744 individual searches on the exchange that helps growers sell their grain. The outcome was 34 grades of wheat, barley, canola, lentils, lupins and peas were sold through Clear Grain Exchange in nine bulk handling companies across 10 port zones. Importantly, the majority of traded prices were at better values than bid prices advertised on cash boards and contract prices collected by independent analyst Profarmer. Australian growers often reference buyer bid prices on cash boards and other published bids disseminated through a ...