Oct 10, 2022

Weekly Grain Traded CGX - 10 October

22/23 season grain is now trading on CGX - This past week we opened season 22/23 delivery periods for trading on Clear Grain Exchange.
Grain prices generally improving - APW1 traded $455/t Portland, $454/t Pt Kembla, ASW1 $404/t Melbourne as examples, plenty more lifted.
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.

35 buyers bought grain on CGX - 03 october — 35 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

35 buyers purchased grain on CGX - more searching
155 sellers sold grain on CGX with more offering grain for sale
16 agent and/or advisory businesses sold grain on behalf of growers
26 different grades traded
7 commodities traded - wheat, barley, canola, sorghum, oats, faba beans, lentils
12 port zones traded across QLD, NSW, VIC, SA and WA

22/23 season grain trades on CGX

This past week we opened season 22/23 delivery periods for trading on Clear Grain Exchange. The delivery periods released include:

Now - for any 22/23 season grain already delivered into warehouse
Nov22/Dec22 - for grain that will be delivered by November or December
Dec22/Jan23 - for grain that will be delivered by December or January
Jul23 - for those wishing to defer delivery on a grain contract until July 23

Note we're monitoring the harvest conditions and may open more delivery periods if required. Please remember if you sell grain for future delivery, you must deliver into the contract within that delivery period. We're always here to help if you want to discuss offering 22/23 season grain. Last week saw buyers of Australian grain continue to be active in trying to find parcels of grain offered for sale they could buy as they prepare to execute another potentially large Australian crop. 35 different buyer businesses purchased grain through Clear Grain Exchange with more searching for grain offered for sale. Grain is trading across all states with sorghum making up the majority of grain traded in QLD; SFW1 wheat was the major grade traded in NSW; APW1 and H2 were the predominant grades in VIC and SA respectively; and APW1 followed by ASW1 made up the majority of grain traded in WA with some growers securing 22/23 season prices. Prices traded continue to be much stronger than those indicated by published bids on other electronic platforms and bid sheets. APW1 traded $455/t in Portland, $454/t Pt Kembla, $451/t Melbourne and Geelong, $435/t Kwinana, $431/t Brisbane and $429/t Pt Adelaide to provide an indication of the spread around the country. ASW1 traded $404/t Melbourne, $402/t Pt Kembla, $396/t Newcastle, and $360/t Kwinana. SFW1 was making $356/t Pt Kembla and $355/t Melbourne as examples. Higher protein wheat demands stronger prices with H1 trading $502/t Geelong and $499/t Portland, while H2 was $483/t Portland, $475/t Pt Kembla, and $473/t Pt Adelaide. In coarse grains, sorghum jumped to trade $364/t Brisbane, while feed barley was trading $342/t Pt Kembla, $338/t Pt Adelaide, $332/t Geelong, and $300/t Kwinana. Canola traded $830/t + oil in Pt Adelaide and was getting closer to the $800/t mark in other parts of the country with Pt Kembla trading $795/t + oil and Melbourne trading $784/t + oil as examples. Plenty of other grades and commodities were trading. For a more comprehensive view of prices traded across all grades and locations make sure you login to your Clear Grain Exchange account and search the market screens. Make sure you offer your grain for sale to all buyers so you can see the full reflection of demand. Let all buyers see your grain, crunch their numbers and try to buy it. Often there are more buyers than you may realise that want to try and buy your grain. Let's create the opportunity for them to have a go!