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Weekly Grain Traded CGX - 01 August

  1. 19 buyers purchased wheat, barley, canola, sorghum, faba beans, lupins and oats - Wheat grades were 72% of all trades reflecting offers for sale.

  2. Prices are back but buyers are searching for grain - Many buyers can't find grain offered for sale that they want or aren't able to pay the offer price.

  3. Do you have grain in warehouse? Offer it for sale at the price you want to all buyers. It's easy, secure and you're completely anonymous.

 
graph with 19 buyers purchased grain on CGX
19 different buyers purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale.

When your grain is offered for sale on CGX all buyers can see it and try to purchase it.



Grain market statistics for last week

  • 19 buyers purchased grain on CGX - more searching

  • 94 sellers sold grain on CGX with more offering grain for sale

  • 8 agent and/or advisory businesses sold grain on behalf of growers

  • 24 different grades traded

  • 7 commodities traded - wheat, barley, canola, sorghum, oats, lupins, faba beans

  • 10 port zones traded across Qld, NSW, VIC, SA and WA

Prices back but buyers searching

Wheat grades made up 72% of all grain trading on Clear Grain Exchange last week, barley 9%, canola 11%, sorghum 4%, faba beans 3%, and the reminder lupins and oats.


The volumes reflect the make up of grain offered for sale with the majority of that being wheat. Prices have come back yet demand appears to be robust for most grades in most locations based on the number of buyers searching for grain to try and buy. In many cases they just can't find it or are not able to pay what the seller is asking for!


If you have grain in the warehoused systems make sure you offer it for sale to all buyers so you can see the full reflection of demand. Let all buyers see your grain, crunch their numbers and try to buy it.


APW1 wheat traded $450/t FIS Kwinana and $429/t track Melbourne. H1 was $473/t Portland, while SFW1 traded $358/t Kembla and $351/t Newcastle to provide some price examples.


Feed barley was trading $363/t Melbourne, $340/t Kwinana and Kembla. Malt grades continued to attract premiums with planet selling for $386/t and spartacus $381/t in the Melbourne zone.


There was a flurry of demand for canola in south eastern Australia through the middle part of the week with CAN EU certified trading $966/t Pt Adelaide, $927/t Portland and $878/t Geelong plus oil bonifications. GM canola and non EU certified grades were also attracting interest and trading.


Sorghum was trading $338/t track Brisbane with SOR2 at a discount. Faba beans were selling for $457/t Adelaide and $445/t Portland.


For a more comprehensive view of prices traded across all grades and locations make sure you login to your Clear Grain Exchange account and search the market screens.


There remains appetite to buy Australian grain. 19 different buyers purchased grain offered for sale on the exchange last week with many more searching for grain. Often there are more buyers than you may realise that want your grain.


Let's make it easier for all buyers to try and buy your grain. Offer it for sale at the price you want to sell for on Clear Grain Exchange so all buyers can see it, crunch their numbers and try to buy it.


Create demand for your grain by offering it for sale, don't just accept published bids!


The charts below provide a summary of grain traded last week





Most importantly we're always here to help!

Please give us a call or email if you have any questions.


New website - same great service


Call 1800 000 410 or Email support@cgx.com.au

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