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Weekly Grain Traded CGX - 02 May

  1. APW1 wheat traded over $500/t port in Port Adelaide - Australian grain demand remained strong pushing prices to new highs in many cases.

  2. 38 buyers purchased grain on CGX last week - More were searching for grain offered for sale. 40 grades traded across 16 port zones.

  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 38 buyers
38 different buyers purchased grain through Clear Grain Exchange (CGX) last week with more 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.


Market stats for last week

  • 38 buyers purchased grain on CGX - more searching

    • 26 in Eastern States

    • 10 in South Australia

    • 17 in Western Australia

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

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

  • 40 different grades traded

  • 7 commodities traded - wheat, barley, canola, oats, lupins, peas, lentils

  • 16 port zones traded across QLD, NSW, VIC, SA and WA

 

DO YOU HAVE GRAIN IN WAREHOUSE? Offer it for sale at your price!


Demand for Australian grain remained strong last week pushing prices up to new highs in many cases. APW1 wheat traded over $500/t port in Port Adelaide as an example!


The demand continues to reflect buyers and traders executing grain deliveries into domestic use or into the export supply chain which is working hard to export grain as quickly as possible.


Recent new export capacity in some parts of the country is helping to underpin grain values in those areas, often seeing them trading at strong premiums to other parts of the country.


There's no doubt the export job continues to help set the relative prices across port zones. Aussie grain will continue to win business into offshore markets at current price levels, it's just a matter of getting it out!


The spread of demand across commodities, grades and locations is also worth noting. Generally all grades in almost all locations are getting their share of the demand and improved prices. Growers often just need to ask for it and or set the offer side of the market.


38 different buyers purchased 40 grades of wheat, barley, canola, oats, lupins, peas and lentils across all the major grain growing states of Australia on Clear Grain Exchange last week.


Importantly more buyers were searching for grain offered for sale however could not find the grades they were after in locations they could make work, or could not pay the price being offered.


If you have grain in warehouse make sure you have it offered for sale on CGX so all buyers can see it and try to buy it. This creates demand for your grain and ensures you don't miss opportunities to sell.


There are often many more buyers than you may realise that want your grain.



The charts below provide a summary of what traded last week.


Graph- commodities traded on CGX
Graph - grades traded in Eastern Aus on CGX
Graph - grades traded in SA on CGX
Graph - Grades traded in WA on CGX
Graph- locations traded on CGX



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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