Sep 11, 2023

Weekly Grain Traded CGX - 11 September

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

Grain demand kicks back into gear - 34 buyers purchased 28 grades of wheat, barley, oats, lupins and peas across QLD, NSW, VIC, SA and WA on CGX.
Demand for ex-farm grain also increasing - igrain traded wheat, barley, lupins, oats, faba beans and canola in NSW, VIC and SA on an ex-farm basis.
Prices increase as you move north - Dryer conditions in north eastern Australia have seen higher prices for all grains as you move north.
If you have grain in warehouse or stored on-farm, offer it for sale at your price - CGX and igrain enables growers to set the price for their grain.

34 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

34 buyers purchased grain on CGX - more were searching for grain
- 17 in VIC
- 10 in NSW
- 3 in QLD
- 10 in SA
- 16 in WA
202 sellers sold grain through CGX across 293 transactions - more were offering grain for sale
13 agent and/or advisory businesses sold grain on behalf of growers
28 different grades traded
5 commodities - wheat, barley, oats, lupins, peas
15 port zones traded across QLD, NSW, VIC, SA and WA

Grain demand kicks back into gear

Demand for Australian grains, particularly wheat, kicked back into gear last week with 34 different buyer businesses purchasing 28 grades of wheat, barley, oats, lupins and peas through Clear Grain Exchange.

Wheat grades made up the majority of volume trading with 27 buyers purchasing 14 grades of wheat across the nation.

ASW1 wheat traded over $400/t port in Western Australia and was between $380/t and $400/t port in the other southern ports through South Australia and Victoria. Prices increase as you move north up the eastern seaboard with ASW1 trading $426/t and $456/t in Port Kembla and Brisbane port zones respectively.

Better protein wheat grades are attracting premiums with APW1 trading $420/t Kwinana and H2 $416/t Melbourne and $441 Kembla as examples. Stock Feed and AGP1 wheat were trading $381/t Melbourne and Port Adelaide.

Feed barley has been trading $365/t to $370/t in the west and appears supported around the $345/t level out of the other southern port zones. Malt grades continue to pick up a premium in Victoria with malt demand there.

Oats traded $450/t in Kwinana Western Australia and lupins were finding homes at $365/t in Port Lincoln, while peas were $500/t in Wallaroo.

See the tables below displaying traded values by port zone on Clear Grain Exchange through last week.

The igrain market was trading wheat, barley, lupins, oats, faba beans and canola throughout NSW, VIC and SA on an ex-farm basis last week. Appetite by domestic users, traders and container traders for ex-farm grain remains robust as they look for options to satisfy demand.

This is good news for growers with grain stored on farm that may be looking to move it before the coming harvest. Much like the warehouse track market, prices trading on igrain increase as you move north through the eastern states given the drier conditions in the north.

If you have grain in warehouse or stored on-farm and a price in mind, be sure to offer your grain for sale on CGX or igrain so all buyers can see it and try to buy it. That's how you create demand for your grain.

See what traded below on CGX and 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.