Weekly Grain Traded CGX - 1 December

Clear Grain Exchange
3 days ago
5 min read

Grain stored on-farm can now be sold on CGX

Growers are creating prices across all grades - The number of buyers searching for grain offered for sale is increasing as harvest progresses.
Deliver and OFFER grain for sale - Growers can frame the market by offering grain for sale at their sell prices versus all buyer bid prices.
CGX and igrainX 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 igrainX and determine pickup/delivery timeframes.

27 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale. — 25 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.

Market stats for last week

34 buyers purchased grain on CGX - more were searching for grain
- 3 in QLD
- 16 in NSW
- 7 in VIC
- 3 in SA
- 14 in WA
107 sellers sold grain through CGX across 141 transactions - more were offering grain for sale
10 agent and/or advisory businesses sold grain on behalf of growers
30 different grades traded
9 commodities - Wheat, barley, canola, chickpeas, lentils, lupins, maize, mustard, oats
11 port zones traded across QLD, NSW, VIC, SA and WA

Consider price spreads when selling

Barley grades made up 54% of all grain traded through Clear Grain Exchange (grain delivered to a warehouse) and igrainX (grain stored on-farm).

It's reflective of demand with barley working to trade into export markets and domestic end-users seeking some cover.

Feed barley was trading $315/t FIS port in the west and $311/t track port in Kembla as examples. Malt grades were still getting a little better prices but feed is driving the price direction and maltsters in general are feeling there will be enough malt produced for requirements.

It's a good reminder for growers to consider price spreads between grades when selling grains. Most grain growers across Australia grow more than one type of grain and often deliver various grades of each grain they grow.

The power in this for growers is that they have a portfolio of grades when looking to sell, and often there is one or more of those grades in demand with buyer appetite and higher prices at any time relative to other grades.

Typically, buyers that require specific quality grain will be more active in the lead up to harvest, through harvest and shortly after harvest when supply is more available.

For example, a flour mill or maltster that requires quantities of specific grades to ensure their mills continue to operate, will likely be more active in securing tonnes around harvest.

Feed buyers can be more willing to buy hand to mouth through the year because their quality requirements can be less specific.

As a result, we traditionally see premiums for better grades, and discounts for lower grades, of both wheat and barley widest in months leading up to and around harvest and narrow through the year.

When buyers with specific requirements are closer to their fill or comfortable there will be enough supply of grades they need, they can be less active, and those prices move closer to lower grades.

An example of this is malt barley prices in WA recently coming back closer to feed values as buyers realise there will likely be ample supply for this year’s needs.

That’s not to say there won’t be spikes of stronger prices for specific grades later through 2026.

But just as it may be higher risk for end users to rely on buying specific grades later in the year, it may be higher risk for growers to try and achieve price premiums for those grades later in the year.

Navigating which grains to sell through the year will achieve a higher average price for growers, regardless of whether the overall price direction goes up or down, which no one can predict.

When selling those grains in demand, be sure to offer them to all buyers to create the market price and ensure the buyer with the highest demand, gets the grain.

We're seeing growers with better quality grains offer it for sale to create that price while demand is stronger.

Growers with off-spec or lower grades are offering them for sale closer to the better quality grades to draw those prices up. SFW1 was trading $333/t Kembla as an example.

Growers are impacting the price of Australian grain by offering grain for sale and leading the direction of all bids.

The opportunity for growers is to frame the market by offering grain for sale at their sell prices versus all buyer bid prices.

The number of buyers searching for grain offered for sale on Clear Grain Exchange and igrainX is rising as harvest takes shape, with demand for Australian grain increasing and more buyers engaging the market.

Buyers are logging in and searching grower offer prices on CGX and igrainX in the morning before setting their bids in the broader Australian grain market across cash bids and bid sheets.

Whether growers are selling a grade that appears to be in demand or holding grain for selling in the future, they can be offering grain for sale at prices to all buyers rather than hitting cash bids or hiding gain in storage.

Growers offering grain for sale through the independent exchange are impacting all buyer bids.

Last week 30 grades of wheat, barley, canola, chickpeas, lentils, lupins, maize, mustard and oats traded with 34 buyers purchasing grain through Clear Grain Exchange (grain stored in warehouse) and igrainX (grain stored on-farm).

But the impact of growers offering through the exchange is much larger than that! 44 buyers were bidding for grain offered for sale and 117 buyers made 5,082 searches for grain offered for sale.

If you’re harvesting or close to harvest and comfortable some of your production is assured, now’s the time to offer grain for sale for all buyers to see.

There are plenty of buyers for Australian grain, make it easier for them to try and buy your grain.

Offering grain for sale is not about selling for better prices than best published bids, it's about impacting all bids from all buyers, including those published bids advertised on cash boards.

How Australian growers sell their grain is having an impact on prices here and globally. Sell a lot of grain quickly into cheaper and cheaper bid prices and it pushes prices lower. Offer grain for sale against bids and show buyers the sell prices of growers and it can stabilise and improve values.

Rather than delivering and selling by hitting cash bids, deliver and offer grain for sale at your price and help set the market. Be proactive, take control, and offer.

There’s no downside in offering your grain for sale, only upside – why wouldn’t you offer all of your grain?

Growers can help avoid downward price pressure at harvest by offering grain for sale - there is demand for Australian grain.

The prices traded through the exchange at a port track (eastern states) or FIS (in WA) level are provided below, but if you're reading this email you will have your own CGX account so login and use it to see what's trading, what's offered, and what's being bid at sites to help you determine the value of grain in your area.

Please call the CGX team at anytime for assistance on 1800 000 410.

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.