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Weekly Grain Traded CGX - 08 January


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


logo igrain by clear grain exchange
 
  1. Stand-off in grain markets has emerged early in the New Year - Buyers have pulled their bids back, growers are reluctant to follow them lower.

  2. 42 buyers purchased 44 grades of wheat, barley, canola, faba beans, lentils, lupins and oats across 13 port zones through the festive period.

  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.

 
28 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale.
28 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


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

  • 11 in NSW and QLD

  • 8 in VIC

  • 8 in SA

  • 31 in WA

  • 306 sellers sold grain through CGX across 480 transactions - more were offering grain for sale

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

  • 44 different grades traded

  • 7 commodities - wheat, barley, canola, faba beans, lentils, lupins, oats

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


Stand-off in grain markets

A stand-off has emerged in grain markets early in the New Year.



Buyers have lowered their bid prices over recent weeks, and growers have generally been reluctant to follow them all the way lower.



The pull back in bids has been more significant in the eastern states as the drought premium that existed in northern areas has eroded given rains are generating grass growth, summer crop plantings and moisture for this year's winter crops.



Some harvest quality concerns has also seen buyers pull bids back as they assess crop quality.



WA prices were holding relative to the rest of the country but buyer bids have also pulled back more recently.



Growers are returning from the festive period and questioning the pull-back, most appear reluctant to follow it lower and are rightly creating their OFFER price so buyers can see where they would sell.



Growers have a say in the price and are now OFFERING grain for sale in volume at prices they would sell at. This provides a price signal to buyers as to what price they can buy volume.



Whilst buyers have pulled their bids back, they continue to search and look at parcels of grain offered for sale. Demand for grain remains. The amount of grain that will be exported and consumed domestically this year has not yet been bought.



If you have grain in warehouse - you can offer it for sale on CGX, no matter what grade it is or where it is - why wouldn't you?



If you have grain stored on farm - you can offer it for sale on igrain!



See what traded on CGX last week below or login to your CGX or igrain accounts to see more price information.


The tables below provide a summary of traded prices on CGX between 18 Dec and 5 Jan.


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 Eastern Australia

grain prices in the main ports in SA & Vic

grain prices in the main ports in WA




The charts below provide a summary of grain traded last week



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

Grain commodities traded in SA last week on Clear grain Exchange

grain commodities traded in SA on Clear Grain Exchange


grain commodities traded in NSW & QLD 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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