Sep 5, 2022

Weekly Grain Traded CGX - 05 September

Sporadic trade activity continues - Buyers remain patient generally but are still searching for grain offered for sale on the exchange.
26 buyers purchased 21 grades across Australia - Wheat, barley, canola, oats, lupins, chickpeas & faba beans traded across QLD, NSW, VIC, SA & WA.
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.

26 different buyers 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

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

Sporadic trade activity continues

Sporadic trade activity continued on Clear Grain Exchange last week. Buyers remain generally patient given the outlook of the coming Australian crop and on-going challenges when executing sales through the supply chain.

In saying that, there is enough buyer demand for sellers to get offers to trade at stronger values than best published bids indicate. It appears the market may have found a level with smaller price variations week-to-week.

However generally the bid-offer spread remains wide with both buyers and sellers comfortable to watch price activity for the time being without chasing a trade.

26 different buyers purchased 21 grades of wheat, barley, canola, oats, lupins, chickpeas and faba beans through the exchange last week across all Australian grain growing states. More were searching for grain offered for sale.

APW1 wheat traded $403/t port in Melbourne and $385/t in Kwinana, ASW1 was making $361/t and $360/t in the same locations respectively but also traded $380/t in Port Kembla. AUH2 traded $388/t in Newcastle while AGP1 sold for $356/t Newcastle and H1 made $381/t Port Adelaide.

Feed barley traded $336/t Brisbane, $321/t Melbourne and $295/t in Kwinana. Spartacus traded $363/t Geelong.

In Kwinana lupins and oats traded $281/t and $275/t respectively, GM canola traded $700/t + oil, while chickpeas sold for $400/t in the Newcastle zone and faba beans $362/t in Port Adelaide.

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!

Click here to view recent trades and search the market