The Australian Grain Market Index (AGMI) was developed as a simple reference point to display the relative strength or weakness in the Australian grain market. There are many market reference points available to the grains industry. While some of these reference points are very geographically specific (site or port zone pricing), others are broad and geographically removed from the Australian market (international futures values). The AGMI covers the four main Australian grain crops wheat, barley, canola and sorghum. Prices for these crops are combined and weighted to provide a single index value which encompasses the entire Australian marketplace.

The AGMI is made up from wheat, barley, canola and sorghum markets across the 12 major grain growing port zones in Australia. The influence of each type of grain is weighted according to its share of the market (wheat: 63%. barley: 21%. canola: 9%. sorghum: 7%). Each commodity's weighting is calculated from a rolling 5 year production average. The mean prices from each grain market across the 12 port zones is converted into an index number which is not aligned to a dollar per tonne value. The index value is only a nominal number. It shows the relative strength or weakness of the Australian grain market on a given day in reference to the historical market.

As Australia's leading independent grain broker, Agfarm has a unique ability to provide unbiased & transparent information to the grain industry. Prices for Wheat, Barley Canola & Sorghum are taken from a combination actual trades & the best bids available from the 100 plus buyers Agfarm deals with every day.

We welcome feedback on the AGMI & if you would like more market analysis or commentary, please contact your nearest Agfarm office on 1300 243 276 or info@agfarm.com.au