Key facts
- 1,608 metric tons of grain traded on ClearGrain and igrainX.
- XF demand for grain increased notably in Victoria and New South Wales.
- Recent rainfall has softened the domestic grain market.
- Grain prices are trading above cash boards.
On a recent trading day, 1,608 metric tons of grain were transacted across the ClearGrain and igrainX platforms. Demand for XF (likely referring to a specific type of grain or contract) saw a noticeable increase, particularly in the Australian states of Victoria and New South Wales. This activity occurred despite a softening of the domestic market, attributed to significant rainfall in the preceding week. Nevertheless, the price at which grain is trading remains substantially higher than the prevailing cash board prices.