Weekly Grain Traded CGX

Grain stored on-farm can now be sold on CGX

Demand cautious on futures pullback - Bid-offer price spreads widened in many Australian grain markets as price expectations moved apart.
26 buyers met grower offer prices to purchase 35 grades - Wheat, barley, canola, faba beans, lentils, lupins, and oats traded in 15 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.

27 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale. — 26 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.

Market stats for last week

26 buyers purchased grain on CGX - more were searching for grain
- 11 in NSW
- 7 in VIC
- 8 in SA
- 11 in WA
142 sellers sold grain through CGX across 176 transactions - more were offering grain for sale
12 agent and/or advisory businesses sold grain on behalf of growers
35 different grades traded
7 commodities - Wheat, barley, canola, faba beans, lentils, lupins, and oats
15 port zones traded across NSW, VIC, SA and WA

Demand cautious on futures pullback

Prices of international wheat futures fell through last week and appeared to set the tone for a more cautious approach by Australian buyers in accumulating grains.

Buyers were less willing to push prices higher to meet grower sell price targets, and growers were comfortable holding their price targets in many cases.

This saw bid-offer price spreads widen in many Australian grain markets as price expectations between buyers and sellers moved apart.

In saying that, this wasn't the case across all grades and all locations. Buyers remained active in searching for grain offered for sale and many closed the spread to meet grower prices and trade grain through CGX and igrainX.

The amount of grain to be exported from Australia this year and consumed domestically has not yet been bought by buyers from growers.

This means demand for Australian grains remains and growers have a say in the price they sell it for. Last week saw markets take somewhat of a breather.

26 buyers purchased grain through Clear Grain Exchange (CGX) and a total of 108 buyers made 5,570 searches for grain listed for sale on the exchange.

There are plenty of buyers searching for Australian grain offered for sale.

10 grades of wheat traded to make up 41% of all grain sold through CGX and igrainX last week with ASW1 trading $364/t Pt Kembla track and ASW9 trading $365/t Kwinana as price indicators.

Barley remained sought after by the trade through last week with 11 buyers purchasing 8 grades of barley making up 40% of all grain traded through CGX and igrainX last week.

Feed barley was trading $358/t Kwinana, $327/t Pt Adelaide, and $318/t at Victorian ports. Malt grades traded premiums of $0-$16/t through the exchanges last week pending location.

Canola made up 14% of all grain traded last week with seemingly all grades of interest to buyers. 6 Buyers purchased the commodity with CAN1 trading $865/t Kwinana and ISCC declared canola (EU grade) trading $816/t Melbourne + oil bonification payments as an example.

Faba beans, lentils, lupins and oats were all attracting bids and trading last week also, with bids on other commodities such as sorghum and peas also eventuating.

Please refer to the tables below providing a summary of prices traded through CGX last week, or better yet, login to your online CGX account to search and view all prices.

Growers are impacting the price of Australian grain by offering grain for sale and leading bids higher.

Australian grain is in demand and growers are impacting the price of grain by showing the market their price!

CGX recently released the ability for growers to offer grain stored on-farm for sale to all buyers from within their CGX online account.

Grain listed for sale that's stored on-farm is protected by counterparty insurance, a diligent buyer registration process, and CGX managing invoicing and collection of funds from the buyer on the growers behalf.

The new independent and secure market for grain stored on-farm is igrainX, and a number of growers were actively offering grain stored on-farm for sale through igrainX and trading last week.

Refer to your emails for more detail regarding igrainX. Please login and have a look and/or call our support team at anytime.

Please refer to the tables below providing a summary of prices traded through CGX last week, or better yet, login to your online CGX account to search and view all prices.

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.