Oct 3, 2022

Weekly Grain Traded CGX - 03 October

Buyers actively trying to buy Australian grain - 35 buyers purchased grain, more were searching for grain offered for sale on CGX to buy.
Breadth of grain demand remains wide - 32 grades of wheat, barley, canola, sorghum, oats, lupins, chickpeas and faba beans traded across all states.
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.

35 buyers bought grain on CGX - 03 october — 35 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

35 buyers purchased grain on CGX - more searching
170 sellers sold grain on CGX with more offering grain for sale
17 agent and/or advisory businesses sold grain on behalf of growers
32 different grades traded
8 commodities traded - wheat, barley, canola, sorghum, oats, lupins, chickpeas, faba beans
12 port zones traded across QLD, NSW, VIC, SA and WA

Buyer demand continued to lift

Buyers of Australian grain continued to increase their activity in searching and trying to buy grain last week. Volatility in offshore markets, a weaker Australian dollar, and the fact Australian grain remains well priced into international markets, makes Australian grain compelling for most buyers. The Australian harvest has begun in the most northern areas with more rain being received in other areas. There is a lot of Australian grain to be bought for export and domestic use and buyers are trying to assess the shape of the crop, work their numbers, and get active in accumulating. 35 different buyer businesses purchased grain through Clear Grain Exchange last week with more searching for grain offered for sale. The breadth of demand remains wide with 32 different grades of wheat, barley, canola, sorghum, oats, lupins, chickpeas and faba beans trading across all the major grain growing states of Australia. The charts below show the grades and locations that grain was trading. Prices traded continue to be much stronger than those indicated by published bids on other electronic platforms and bid sheets. APW1 traded $420/t Melbourne, while ASW1 was trading $431/t Port Adelaide, $386/t Melbourne, and $360/t Kwinana. The lower wheat grades were also actively trading with AGP1 as an example, trading for $409/t in Pt Adelaide, $385/t in Geelong, $360/t Kwinana, and $351/t Newcastle. Stock feed wheat made $385/t in Geelong, $351/t Pt Kembla, and $350/t Newcastle. Higher protein wheat grades continue to trade at stronger values with APH1 and APH2 trading $516/t and $507/t in Newcastle respectively. H1 traded $509/t in Portland, $482/t Geelong, and $476/t in Pt Adelaide while H2 was trading $461/t Newcastle, and $441/t Melbourne and Pt Adelaide. Feed barley was trading $320/t Melbourne, $319/t Pt Adelaide, and $290/t Kwinana, while malt grade continued to be actively traded through the Victorian port zones at better values of $367/t port equivalent. Canola has been trading in a number of port zones between $764/t and $740/t port equivalent + oil payments depending on location and grade. Chickpeas were getting a lot of interest in Queensland with volume trading at $455/t Brisbane, sorghum was trading $350/t Brisbane. Lupin values in the west have picked up a bit trading $305/t Kwinana, and oats were making $264/t Kwinana. 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. If you have grain in warehouse 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. Often there are more buyers than you may realise that want to try and buy your grain. Let's create the opportunity for them to have a go!