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Weekly Grain Traded CGX - 11 March


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


logo igrain by clear grain exchange
 
  1. Choppy grain markets - Price disparities between port zones, between traded prices and published bids and sporadic trade makes it more important to offer.

  2. 28 buyers met grower target prices to purchase 30 grades of wheat, barley, canola, faba beans, and lentils across 11 port zones around Australia.

  3. 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.

 
28 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale.
28 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


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

  • 9 in QLD, NSW and VIC

  • 12 in SA

  • 12 in WA

  • 69 sellers sold grain through CGX across 101 transactions - more were offering grain for sale

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

  • 30 different grades traded

  • 5 commodities - wheat, barley, canola, faba beans, lentils

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

 

Choppy grain markets


Australian grain markets remained choppy, sporadic, and with generally soft demand last week.



Buyers jumped in, bid up for particular grades and locations as they needed them, and then retreated to the side-lines keeping downward pressure on published bids generally.



Price discrepancies remain between port zones, between traded prices on CGX and best published bids, and trade activity is sporadic, making it hard for growers to determine their sell price.



Remember if you're grain is not on offer for sale you won't know if your price is achievable because buyers won't know it exists and have the chance to try and buy it.



There is no downside in having your grain offered for sale on CGX. You're anonymous and protected by secure settlement if your grain sells, your grain can only sell at, or above, the price you offer it for sale, and it costs nothing to have your grain on offer.



Last week 28 buyers purchased 30 grades of wheat, barley, canola, faba beans and lentils through the exchange across 11 port zones in all the major grain growing states of Australia.



GM canola was attracting interest in the west with volume trading at $660/t in Kwinana + oil bonification payments and non-GM canola traded across Kwinana, Albany and Esperance port zones reaching $675/t in Esperance + oil bonifications. This compares to $594/t and $587/t trading for non-GM canola in Port Kembla and Melbourne respectively.



Feed barley traded $329/t in Kwinana, $298/t in Kembla, $292/t in Melbourne and $291/t in Port Adelaide. Planet malt barley picked up a $40/t premium to feed in the west.



Higher protein wheat grades continue to pick up better prices over the lower wheat grades with H1 trading $405/t Kwinana and $372/t in Port Adelaide. This compares with H2 trading $385/t and $340/t in those port zones respectively.



APW1 wheat traded $374/t Kwinana and ASW1 type grades were trading $365/t level. SFW1 and AGP1 grades in the eastern states were trading $320-$327/t port track levels. Noodle wheat grades appear to be garnering their own strength possibly on limited supply with ANW2 trading $400/t Kwinana.



A summary of what traded on CGX last week is provided in the charts and table below. See more prices of what traded by logging in to your CGX or igrain accounts.



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.


grain prices in the main ports in WA and SA

grain prices in the main ports on the E/C




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 on Clear Grain Exchange

Grain commodities traded in VIC last week 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

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