Weekly Grain Traded CGX

Grain stored on-farm can now be sold on CGX

120 buyers were looking for grain last week - Buyers remain active in trying to buy all grains/oilseeds/pulses from growers across all states.
37 buyers met grower offer prices to purchase 31 grades - Wheat, barley, canola, faba beans, lentils, oats, and sorghum traded in 15 port zones.
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.

27 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale. — 37 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

37 buyers purchased grain on CGX - more were searching for grain
- 3 in QLD
- 14 in NSW
- 14 in VIC
- 9 in SA
- 11 in WA
135 sellers sold grain through CGX across 171 transactions - more were offering grain for sale
10 agent and/or advisory businesses sold grain on behalf of growers
31 different grades traded
7 commodities - Wheat, barley, canola, faba beans, lentils, oats, sorghum
15 port zones traded across QLD, NSW, VIC, SA and WA

120 buyers looking for grain last week

Wheat was the major commodity where price expectations came together between buyers and sellers to trade last week.

23 buyers matched grower offer prices to trade 12 grades of wheat making up 70% of all grain traded through Clear Grain Exchange (CGX) and igrainX last week.

Stock feed wheat was trading $329/t Pt Kembla and Melbourne on a port track equivalent basis. ASW1 was trading $344/t Kembla and $341/t Pt Adelaide while the similar WA grade AWW1 was trading $360/t FIS Kwinana and Esperance. Better quality APW1, H2 and H1 grades traded at better prices across the port zones.

15 buyer businesses purchased 8 grades of barley through CGX and igrainX last week making up 20% of all grain volume traded.

Feed barley traded $320/t Melbourne, $318/t Pt Adelaide, $315/t Kembla port track and $360/t Kwinana port FIS. Malt grades traded $10/t better than feed in the east and flat to feed prices in the west.

WA barley is trading at a premium to the eastern states above the natural price spread implied by freight and fobbing costs. Eastern states growers should consider this when setting their target sell prices, particularly given the higher domestic use for barley in the east. However, barley prices in comparison to current wheat prices would be seeing feeders switch from barley to wheat indicating the WA barley price is being driven by specific export demand

Canola continues to attract interest from the trade with GM and non-GM canola trading across four states at prices growers were targeting with oil bonification payments on top.

GM canola traded up to $15/t above published bids in Geelong, ISCC declared non-GM canola traded up to $22/t above best published bids in Kembla as examples.

Pulses, oats and sorghum grades were also trading.

Buyers remain active in trying to buy all grains from growers across all states. 37 buyers purchased grain through CGX and igrainX a total of 120 buyers made 4,738 searches for grain listed for sale on the exchange.

The amount of grain to be exported from Australia this year and consumed domestically has not yet been bought by buyers from growers.

This means demand for Australian grains remains and growers have a say in the price they sell it for. Last week saw markets take somewhat of a breather.

There are plenty of buyers searching for Australian grain offered for sale.

Please refer to the tables below providing a summary of prices traded through CGX last week, or better yet, login to your online CGX account to search and view all prices.

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

CGX recently released the ability for growers to offer grain stored on-farm for sale to all buyers from within their CGX online account.

Grain listed for sale that's stored on-farm is protected by counterparty insurance, a diligent buyer registration process, and CGX managing invoicing and collection of funds from the buyer on the growers behalf.

The new independent and secure market for grain stored on-farm is igrainX, and a number of growers were actively offering grain stored on-farm for sale through igrainX and trading last week.

Refer to your emails for more detail regarding igrainX. Please login and have a look and/or call our support team at anytime.

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.