May 9, 2022

Weekly Grain Traded CGX - 09 May

Everyone still wants Aussie grain! - 42 buyers purchased grain last week - more searched grain on offer. See what values traded below.
Variability in prices remains extreme - Make sure you offer your grain for sale at the price your want as prices are varying considerably.
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.

Graph 42 buyers on CGX — 42 different buyers purchased grain through Clear Grain Exchange (CGX) last week with more 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

42 buyers purchased grain on CGX - more searching
- 28 in Eastern States
- 9 in South Australia
- 20 in Western Australia
- 304 sellers sold grain on CGX with more offering grain for sale
22 agent and/or advisory businesses sold grain on behalf of growers
37 different grades traded
8 commodities traded - wheat, barley, canola, sorghum, oats, lupins, peas, lentils
15 port zones traded across QLD, NSW, VIC, SA and WA

DO YOU HAVE GRAIN IN WAREHOUSE? Offer it for sale at your price!

Demand for grain remained strong last week continuing to support Aussie grain values and/or push prices higher for warehouse grain. This is despite a weaker lead from CBOT wheat futures over much of the week. Regardless of what CBOT wheat is doing, Aussie grain remains competitive into international demand and keenly sought after. 42 different buyers purchased grain on CGX last week with more searching for grain offered for sale on the exchange which is a good indicator of solid demand. Growers that have grain in warehouse and have a sale price in mind should have it on offer on CGX at that price. If buyers don't know you have grain for sale, they can't bid for it. It's free to have your grain on offer, your anonymous, and if it sells you retain title of your grain until you're paid. Hence there can only be upside! If you're unsure of your sale price, start your offer higher. You can always adjust your offer price lower in the future if needed. But if you don't have it out there for sale you may never know that a buyer was willing to pay your price. There are often many more buyers than you may realise that want your grain. Don't just negotiate with the ones you know - offer your grain for sale firm to all buyers! Generally all grades in almost all locations are getting their share of the demand and improved prices. Growers often just need to ask for it and or set the offer side of the market.

Traded values from last week on a port equivalent basis are provided below.

Note the variability between grades and port zones driven by export capacity, strong demand, and the price growers are offering grain for sale - it can be extreme - set your price.