top of page

Weekly Grain Traded CGX - 08 July


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


logo igrain by clear grain exchange
 
  1. Growers actively engaging the market with grain offers - Last week saw growers with grain actively showing buyers the prices they want.

  2. 23 buyers met grower prices to purchase 26 grades - Wheat, barley, canola, and lupins traded in 10 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.

 
23 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale.
23 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


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

  • 8 in Eastern Australia

  • 6 in South Australia

  • 11 in Western Australia

  • 51 sellers sold grain through CGX across 68 transactions - more were offering grain for sale

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

  • 26 different grades traded

  • 4 commodities - Wheat, barley, canola, and lupins

  • 10 port zones traded across NSW, VIC, SA and WA

 

 

 

Growers engaging with offers


Growers with grain were active in engaging the market by offering their grain for sale at the price they want in the first week of the new financial year.



Many prices offered were well above current published bids and often at or near recent price highs, so weren't attracting bids close to their sell price.



However often firm bids placed on the offers were well above the levels indicated by best published bids with growers determining the real buy price by offering.



There's only upside in having your grain offered for sale on CGX and/or igrain. You can edit your offer anytime before it sells and you're only charged if it sells, it costs nothing to offer.



By growers offering their grain for sale it is showing all buyers the prices growers are willing to sell for. This is impacting prices with grain often trading well above published bid prices.



Canola was attracting demand and trading in NSW through CGX last week up to $704/t Pt Kembla plus oil bonifications. APH2 traded $437/t Newcastle.



H2 and ASW1 wheat, and SP1 barley made up the majority of volume trading in Victoria, with canola grades making up the balance. H2 traded $374/t Melbourne, ASW1 $334/t Melbourne, and SP1 was $344/t.



In the great southern state ASW1 made up 53% of all trades followed by BAR1, CM1, and MA1 barley grades and some canola. ASW1 was trading $350/t Pt Lincoln, BAR1 was $331/t Pt Adelaide with malt grades fetching a $10/t premium.



In the west, H2 wheat traded 29% of volume while BFED1 barley made up 16% and canola grades made up 11%. 15 grades in total traded. H1 was $415/t and H2 $405/t in Albany while ASW1 was $385/t Kwinana. BFED1 barley was trading $340/t Kwinana, canola was $780/t + oil and lupins were $590/t Kwinana.



On farm grain offered on igrain also captured strong buyer interest with wheat, barley, oats, lupins and lentils trading across NSW, Vic and WA. H2 wheat traded 360/t ex farm central NSW while ASW1 wheat traded 330/t ex farm in the same region and $350/t in the Victorian wimmera. 



Feed barley traded $330/t ex farm central NSW and $345/t ex farm southern WA, while oats were $400/t on farm in central NSW. Lupins traded $530/t in southern NSW and $560/t in the Victorian mallee. 



Growers have a say in the price of Australian grain. Show ALL BUYERS your sell price by offering it for sale on CGX or igrain.



Simply login to your CGX account to view all prices and determine what you think your grain is worth. If you need help using your CGX account, just call us. We're available anytime between 9am and 8:30pm AEST and happy to help!



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.



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





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 SA last week 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

13 views0 comments

Comments


Do you want to know more?
Subscribe to our newsletter.

Thanks for submitting!

bottom of page