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Weekly Grain Traded CGX - 06 May


CGX now own and operate the igrain market for grain stored on-farm


logo igrain by clear grain exchange
 
  1. Strength in grain prices continues - Grain prices continued to push higher last week as buyers bid up to secure grain at grower offer prices.

  2. 45 buyers met grower prices to purchase 38 grades - Wheat, barley, canola, faba beans, and oats traded in 15 port zones.

  3. 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.

 
45 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.

 

Grain market statistics for last week


  • 45 buyers purchased grain on CGX - more were searching for grain

  • 12 in NSW & QLD

  • 22 in VIC

  • 13 in SA

  • 17 in WA

  • 247 sellers sold grain through CGX across 337 transactions - more were offering grain for sale

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

  • 38 different grades traded

  • 5 commodities - wheat, barley, canola, faba beans, oats

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

 

 

Strength in grain prices continues


Grain prices continued to push higher last week getting back to near January levels in many cases as buyers bid up to secure grain.



45 different buyers purchased grain offered for sale through Clear Grain Exchange last week with another 75 searching for grain.



Buyers made over 8,000 searches for grain on CGX just last week!



Demand for Australian grain remains robust evidenced by the number of buyers searching and bidding for grain offered for sale. 



Many growers appear to be taking advantage of the strong appetite for grain, naming their price and offering it for sale so all buyers can try and purchase it.



The behaviour from growers, and their agents if they use one, is yielding results with traded prices on CGX regularly above advertised best published bids. 



ASW1 wheat was the predominant grade traded last week with volume through Victoria and South Australia in particular. Prices traded were $354/t Pt Kembla, $352/t Pt Adelaide, $342/t Melbourne, and $395/t Kwinana.



More niche grades such as noodle wheat in the west is seeing tighter supply against buyer requirements, pushing values strongly higher. This dynamic is also happening for specific grades in specific locations where a buyer/s need it and bid up.



The rise in international values recently has priced in more uncertainty in global production. It will be interesting to see if the market is more balanced now or if bad news in a global production region pushes prices higher. 



If you have grain in warehouse, be sure to offer it at the price you want on CGX (or if your grain is stored on-farm, use igrain!).



Put your price on your grain and let ALL BUYERS see it and try to buy it.  



There's no downside. Growers are protected at all times on CGX by remaining completely anonymous and retaining title of their grain until paid with CGX's secure settlement.



Growers are impacting demand and prices directly by actively offering their grain for sale at the price they will sell it for.



Many prices have improved in recent weeks


Chart: Traded prices on CGX are dots versus best published bid lines.


Chart: Traded prices on CGX are dots versus best published bid lines - triangles are CGX trades at other sites within the same port zone worked back using GTA location differentials to equivalent prices at the site of the chart for comparison.


A summary of what traded on CGX last week is provided in the charts and table below. See more prices of what traded by logging in to your CGX or igrain accounts.


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.


grain prices in the main ports in EC

grain prices in the main ports in the SA


grain prices in the main ports in the SA & WA




The charts below provide a summary of grain traded last week



grain commodities traded on Clear Grain Exchange
grain commodities traded in QLD on Clear Grain Exchange

grain commodities traded in NSW on Clear Grain Exchange

Grain commodities traded in SA last week on Clear grain Exchange


grain commodities traded in NSW on Clear Grain Exchange





 

CGX now own and operate the igrain market for grain stored on-farm

logo igrain by clear grain exchange
 

If you have any queries, we're always here to help!

Please give us a call or email if you have any questions.

Call 1800 000 410 or Email support@cgx.com.au

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