Sep 12, 2022

Weekly Grain Traded CGX - 12 September

Milling wheat and malt barley grades continue to attract premiums - 21 different grades traded last week across Australia at varying prices.
Buyers actively "watching" with many bidding - 25 different buyers purchased grain on CGX last week with more searching grain offered for sale.
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.

25 different buyers 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

25 buyers purchased grain on CGX - more searching
75 sellers sold grain on CGX with more offering grain for sale
7 agent and/or advisory businesses sold grain on behalf of growers
21 different grades traded
6 commodities traded - wheat, barley, canola, oats, lupins, chickpeas
10 port zones traded across NSW, VIC, SA and WA

Milling wheat & malt trade premiums

Last week saw a continuation of the themes of recent weeks. Trade activity is sporadic and hard to predict with buyers generally taking a patient approach to buying given confidence is building in Australia's production prospects.

International grain markets are also hard to read. CBOT wheat continues to trade in a wide sideways range for the time being as everyone tries to get a handle on global supply and demand.

The northern hemisphere harvest is currently supplying global demand, but the crop's not big in many areas except Russia, and supply out of that area remains a moving viewpoint.

On the demand side everyone remains watchful of China and whether their COVID restrictions will have an impact on their purchases.

Locally this has meant buyer behaviour has generally opted for a "wait and see" approach. That is, they're not chasing grain yet unless they need it, at which time they'll jump in and bid well above published bids in most cases to try and purchase the grain.

25 different buyers purchased wheat, barley, canola, oats, lupins and chickpeas across NSW, VIC, SA and WA last week, with more searching grain offered for sale. Hence the buyer interest remains, the price point appears to be the query.

APW1 wheat traded $405/t Melbourne and $352/t Newcastle last week. ASW1 traded $405/t in Port Adelaide, $379/t Pt Kembla, $361/t Melbourne, and $355/t Kwinana. Higher protein grades continue to attract premiums with H2 making $430/t in Melbourne as an example. Stock feed wheat made $387/t Pt Adelaide, $355/t Geelong and $329/t Pt Kembla.

Feed barley traded $324/t Melbourne and $295/t Kwinana. Malt grades continue to attract serious premiums with latrobe, planet and spartacus all trading $420 in Pt Kembla, but also trading in the $350's per tonne through Victoria.

Canola, oats, chickpeas and lupins also all traded across the country indicating the breadth of demand across grades, commodities and locations.

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.

If you have grain in warehouse make sure you offer it 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!

Click here to view recent trades and search the market