Jul 2

Weekly Grain Traded CGX - 01 July

CGX now own and operate the igrain market for grain stored on-farm

Weaker demand for grain to end financial year - Last week saw hesitant activity in grain markets as many buyers and sellers closed the book.
23 buyers met grower prices to purchase 23 grades - Wheat, barley, canola, lentils, lupins, and oats traded in 12 port zones.
CGX and igrain enable growers to offer grain for sale - Growers delivering to warehouse can offer grain for sale on CGX. Growers with grain on-farm can offer grain for sale on igrain and determine pickup/delivery timeframes.

23 buyer businesses 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

23 buyers purchased grain on CGX - more were searching for grain
5 in Eastern Australia
8 in South Australia
12 in Western Australia
43 sellers sold grain through CGX across 60 transactions - more were offering grain for sale
3 agent and/or advisory businesses sold grain on behalf of growers
23 different grades traded
6 commodities - Wheat, barley, canola, lentils, lupins, and oats
12 port zones traded across NSW, VIC, SA and WA

Weaker demand to end financial year

The last week of the financial year saw hesitant activity in grain markets as buyers continued to reduce price ideas for most grades of grain, while many growers were comfortable to close the book on this financial year and focus on next.

23 buyers matched 43 sellers offer prices to trade 23 grades of wheat, barley, canola, lentils, lupins and oats through Clear Grain Exchange last week.

This saw grain trade across 12 port zones in NSW, VIC, SA and WA with the majority of the prices traded well above indicative published bid levels.

There were spits and spurts of demand through last week with buyers bidding up for specific grades in specific locations as they looked to fulfil specific requirements.

Some growers adjusted their offer prices on the back of stronger bid or trade prices they saw on CGX to meet those prices and sell, many others were happy to watch.

Higher protein wheat grades continue to attract demand across most locations trading at better prices than lower grades. Noodle wheat in the west remains a sought after commodity trading at $560/t, while APH2 wheat traded $415/t ex farm southern NSW.

Feed barley traded $345/t Albany and $337/t Pt Adelaide with malt grades trading $10-15/t above. On farm barley traded at $345/t southern NSW.

Non GM canola traded $755/t Kwinana + oil bonification while GM canola nearly reached the same levels trading $750/t + oil bonifications. Non GM canola traded $687/t Melbourne + oil.

Nipper lentils traded $969/t Pt Adelaide, lupins traded over $600/t in Kwinana and oats were trading $535/t in Albany port zone last week.

Growers have a say in the price of Australian grain. Show ALL BUYERS your sell price by offering it for sale on CGX or igrain.

Simply login to your CGX account to view all prices and determine what you think your grain is worth. If you need help using your CGX account, just call us. We're available anytime between 9am and 8:30pm AEST and happy to help!

There's no downside. Growers are protected at all times on CGX by remaining completely anonymous and retaining title of their grain until paid with CGX's secure settlement.

Many prices have improved in recent weeks

Chart: Traded prices on CGX are dots versus best published bid lines.

Chart: Traded prices on CGX are dots versus best published bid lines - triangles are CGX trades at other sites within the same port zone worked back using GTA location differentials to equivalent prices at the site of the chart for comparison.

A summary of what traded on CGX last week is provided in the charts and table below. See more prices of what traded by logging in to your CGX or igrain accounts.

The tables below provide a summary of traded prices on CGX last week

Note: GTA location differentials are used to convert prices to a port equivalent price, actual freight rates can differ particularly in the eastern states. You can offer any grade for sale to create demand.