Weekly Grain Traded CGX - 05 May

Clear Grain Exchange
May 5
3 min read

Grain stored on-farm can now be sold on CGX

Buyers return after long weekends - A total of 60 buyers bid for grain and 116 buyers made 5,670 searches for grain listed for sale on the exchange.
45 buyers met grower offer prices to purchase 31 grades - Wheat, barley, canola, chickpeas, faba beans, lentils, lupins and oats traded in 14 port zones.
CGX and igrainX 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 igrainX 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. — 45 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

45 buyers purchased grain on CGX - more were searching for grain
- 18 in QLD and NSW
- 11 in VIC
- 13 in SA
- 13 in WA
128 sellers sold grain through CGX across 161 transactions - more were offering grain for sale
12 agent and/or advisory businesses sold grain on behalf of growers
31 different grades traded
8 commodities - Wheat, barley, canola, chickpeas, faba beans, lentils, lupins, oats
14 port zones traded across QLD, NSW, VIC, SA and WA

Buyers return after long weekends

Last week saw significant re-engagement of buyers looking for Australian grain.

Many buyers and grain marketing agents took holidays over the Easter and ANZAC Day long weekends which trickled in to less activity in Australian grain markets.

Growers have also been busily seeding this year's crop with significant variations in conditions across areas of Australia.

The reality of dry conditions in many parts of Australia appears to be underpinning demand for Australian grain.

Many growers with grain to sell are actively setting their sale prices and buyers are responding pushing bids up to meet grower asking prices in many cases.

45 buyers bid up to purchase 31 grades of wheat, barley, canola, chickpeas, faba beans, lentils, lupins and oats across QLD, NSW, VIC, SA and WA providing some valuable data points on grain prices.

A total of 60 buyers bid for grain and 116 buyers made 5,670 searches for grain listed for sale on the exchange.

Victorian and South Australian grains are demanding stronger prices than other parts of the country with demand for feed grains underpinning all prices.

NSW saw 15 different buyers purchase grain as the reach for grain expands north from the drier south eastern parts of Australia to draw grain into those areas.

Buyer searches for grain listed for sale are covering all grains - this means there is buyer interest in all grains, pulses and oilseeds.

Grain stored on-farm continues to be sought after though there are many growers comfortable holding this grain as a drought hedge to cover their own needs if dry weather persists.

For growers wanting to sell grain on-farm, most are making sure their offers for sale on igrainX are for delivery from June-July onwards to ensure they can organise delivery into those sales after the seeding period.

Some growers have moved their offer prices higher to stay in the market but also reflecting that they're relatively content with the sales they already have on their books and so are targeting higher values at this stage.

Another trend in Clear Grain Exchange and igrainX is growers nominating to defer payments into July to manage cashflow, while others are offering to deliver their grain in July.

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

Prices traded on Clear Grain Exchange are regularly well above best published bids as buyers bid up to secure the grain they can see offered for sale.

Growers that are offering their grain for sale on Clear Grain Exchange and igrainX for grain stored on-farm, are proactively influencing Australian grain prices.

Let all buyers see your grain at the price you are a genuine seller as it helps attract more buyers to buy your grain and is the only way to determine it's true value.

Please login to your online account and have a look and/or call our support team at anytime.

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.