Weekly Grain Traded CGX

Grain stored on-farm can now be sold on CGX

Grower prices achieved on Aussie dollar weakness - Falls in the A$ at start of the week saw strong demand for grain and buyers bid up to match grower target prices, but the Aussie dollar recovered again by end of week.
58 buyers met grower offer prices to purchase 49 grades - Wheat, barley, canola, faba beans, lentils, lupins, oats, and sorghum traded in 15 port zones.
CGX and igrainX 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 igrainX and determine pickup/delivery timeframes.

27 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale. — 58 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.

Market stats for last week

58 buyers purchased grain on CGX - more were searching for grain
- 25 in QLD and NSW
- 27 in VIC
- 18 in SA
- 20 in WA
706 sellers sold grain through CGX across 1,174 transactions - more were offering grain for sale
21 agent and/or advisory businesses sold grain on behalf of growers
49 different grades traded
8 commodities - Wheat, barley, canola, faba beans, lentils, lupins, oats, sorghum
15 port zones traded across QLD, NSW, VIC, SA and WA

A$ fall see grower prices achieved

Large movements in the Australian dollar had significant impacts on Australian grain prices last week.

Market reaction to US President Trump's tariff agenda saw a significant "risk-off" mentality sweep through markets, with capital markets and the Australian dollar sold down at the start of the week.

The Australian dollar fell over 3 US cents at the beginning of last week from US$0.637 to US$0.594 before strengthening again by the end of the week to US$0.628.

A 1 US cent move in the Australian dollar equates to approximately a A$5/t move in Australian wheat and barley prices at current levels.

Hence a move down of around 3 US cents in the Aussie dollar at the start of last week enabled Australian exporters to bid up and match prices that many growers were targeting to make further sales.

The weakness in the Australian dollar benefitted all Australian commodity prices making them more competitive on the global market.

706 different sellers sold 49 grades of wheat, barley, canola, faba beans, lentils, lupins, oats and sorghum at their target prices across 1,174 transactions through Clear Grain Exchange and igrainX last week.

58 buyers bid up to match grower offer prices and purchase grain. 69 buyers bid for grain and a total of 123 buyers made 11,117 searches for grain listed for sale on the exchange.

There are plenty of buyers searching for Australian grain offered for sale.

Buyers pulled their bids lower again by the end of the week as the Australian dollar bounced back higher off its lows.

It's a good reminder for growers that strength in prices and buyer demand can be fleeting at times and trying to pick the top of market prices by standing aside and reacting can often result in no result.

Prices traded on Clear Grain Exchange regularly trade well above best published bids as buyers bid up to secure the grain they can see offered for sale.

Last week many growers sold grain "above" their offer price because buyers out bid each other in a frenzy before market open to secure grain. Offers always trade up to the highest matching bid.

Growers that are offering their grain for sale on Clear Grain Exchange and now igrainX for grain stored on-farm, are proactively influencing Australian grain prices

Let all buyers see your grain at the price you are a genuine seller as it helps attract more buyers to buy your grain and is the only way to determine it's true value.

Buyers are actively looking for Australian grain and ready to buy it at prices they can make work. Demand for grain is not an issue. It's the price point that grain will trade which the market is trying to work out, and growers can influence that by offering grain for sale at the price they're sellers.

The amount of grain to be exported from Australia this year and consumed domestically has not yet been bought by buyers from growers.

This means demand for Australian grains remains and growers have a say in the price they sell it for.

Growers are impacting the price of Australian grain by offering grain for sale and leading bids higher.

igrainX enables growers to offer grain for sale that's stored on-farm to all buyers from within their CGX online account.

Grain listed for sale that's stored on-farm is protected by counterparty insurance, a diligent buyer registration process, and CGX managing invoices and collecting funds from the buyer on the growers behalf.

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.