top of page

Weekly Grain Traded CGX - 11 December


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

logo igrain by clear grain exchange
 
  1. Volume of grain transactions are increasing - Prices holding as growers OFFER grain for sale rather than hitting bids and pressuring prices lower.

  2. 38 buyers purchased 40 grades of wheat, barley, canola, faba beans, lupins, peas and oats across 16 port zones around Australia last week.

  3. CGX and igrain enable growers to offer grain for sale - Growers delivering to warehouse can offer grain for sale on CGX that has been delivered or will be delivered in future months. Growers with grain on-farm can offer grain for sale on igrain and determine pickup/delivery timeframes.

 
38 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale.
38 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


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

  • 11 in NSW and QLD

  • 11 in VIC

  • 15 in SA

  • 22 in WA

  • 370 sellers sold grain through CGX across 529 transactions - more were offering grain for sale

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

  • 40 different grades traded

  • 7 commodities - wheat, barley, canola, faba beans, lupins, peas, oats

  • 16 port zones traded across QLD, NSW, VIC, SA and WA



Buyers want grain - set your price

As the Australian harvest enters the final quarter, the volume of grain transacting between growers and buyers is starting to increase.


Growers are generally focused on finishing harvest, delivering grain against contracts they already have, then considering what further sales they may make in the next month or two, and what grades they are comfortable holding.


As a reminder: when delivering grain against grain contracts, ensure you transfer the highest quality against the contract/s with the highest premiums and lowest quality against the contract/s with the lowest discounts, regardless of the underlying price of the contract. This will ensure you get the highest average price. Read Nathan Cattle's column in the rural press this week for further information.


Once contracts are filled, growers are considering cashflow requirements and what grades appear to be representing value before making further sales.


Higher protein milling wheat grades remain in demand and growers are creating value in the market by offering their grain at a price. Noodle wheat grades are also attracting strong interest and higher values in the west.


Off-spec wheat grades are finding homes at good numbers versus other grades, indicating they're usable by the trade and sought after as a result. Interestingly feed wheat traded the same price as ASW1 and other grades at $410/t in Kwinana last week.


Growers appear to be more comfortable OFFERING their grain for sale, rather than accepting published bids which is potentially seeing 'wheat trade as wheat' earlier in the season with many grades below APW1 trading at similar values.


Feed barley prices continue to be incredibly consistent with malt grades attracting premiums. Pulses remain in demand across the country with offers attracting significant interest. Oats continue to trade above $500/t port in the west and canola is finding some price discovery in areas.


40 grades of wheat, barley, canola, faba beans, lupins, peas and oats were purchased by 38 different buyers across 16 port zones around Australia through CGX last week.



A good way to determine the value of your grain is to OFFER it for sale at a price and let buyers come to you.



By having your grain offered for sale on an independent exchange, ALL BUYERS can see it, crunch their numbers, and try to buy it. That's how you can create demand for your grain whilst remaining ANONYMOUS and SECURE.


For those with grain on-farm, buyers want to know the quality of your grain given the variability around. Hence when offering your grain for sale on the igrain market, ensure you include as much detail as possible regarding the quality of grain as it creates more interest in your offer. 


There're plenty of buyers that want your grain. 


See what traded on CGX last week below or login to your CGX or igrain accounts to see more price information



The tables below provide a summary of traded prices 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 Eastern Australia

grain prices in the main ports in SA & Vic

grain prices in the main ports in EP

grain prices in the main ports in WA


The charts below provide a summary of grain traded last week



grain commodities traded on Clear Grain Exchange
grain commodities traded in WA on Clear Grain Exchange

Grain commodities traded in SA last week on Clear grain Exchange

grain commodities traded in SA on Clear Grain Exchange

grain commodities traded in NSW on Clear Grain Exchange

grain commodities traded in QLD 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

8 views0 comments

Comments


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

Thanks for submitting!

bottom of page