Grain Report Friday - 9th May
- Clear Grain Exchange
- May 9
- 1 min read
What price do you want for your grain?
Australia’s independent grain report—designed to help support your pricing decisions before the market opens at 10:00am AEST. If you need to change your offer price, simply edit it before market open.
Grains were flat to lower again last night supported by hopes of a speedy resolution to the trade war between China/US with a meeting scheduled in Switzerland this weekend but pressured by near ideal growing season conditions across the US. A trade deal reached between the US/UK was discounted by the market.
Australia’s wheat exports remain sluggish, falling 13% to approximately 10mt from October 2024 through March 2025, amid weak Chinese demand and strong competition from other key exporters. Subdued global demand may leave Australia with high carryover stocks, potentially putting downward pressure on domestic prices. Despite the slow start, the 2024/25 export forecast holds steady at 22.5mt, assuming a moderate pickup in Asian demand later in the season.
For further market commentary please contact the CGX team on 1800 000 410
CGX now operates igrainX for grain stored on-farm
If you have any queries, we're always here to help!
Please give us a call or email if you have any questions.
Call 1800 000 410 or Email support@cgx.com.au
Comments