Weekly Grain Traded CGX - 15 April

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

Record number of buyers purchase grain last week - Confirming improved demand for grain and that growers offering grain for sale is impacting prices.
53 buyers met grower target prices to purchase 53 grades - Wheat, barley, canola, faba beans, lentils, lupins and peas traded in 14 port zones.
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.

53 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

53 buyers purchased grain on CGX - more were searching for grain
17 in NSW and QLD
23 in VIC
17 in SA
19 in WA
313 sellers sold grain through CGX across 426 transactions - more were offering grain for sale
20 agent and/or advisory businesses sold grain on behalf of growers
53 different grades traded
7 commodities - wheat, barley, canola, faba beans, lentils, lupins, peas
14 port zones traded across QLD, NSW, VIC, SA and WA

Record number of buyers

53 different buyer businesses purchased grain offered for sale through Clear Grain Exchange (CGX) just last week with more searching the exchange for grain.

It's a new record number of buyers purchasing grain through CGX within a single week, eclipsing the previous record of 49 in February 2022.

This is good news for growers for two reasons. The first is it further confirms the improved buyer appetite for Australian grain in recent weeks which has led to price improvements.

The second is it affirms that by growers OFFERING grain for sale at a price they want on an INDEPENDENT exchange where ALL BUYERS can try and buy the grain, it attracts more buyers into the Australian market and creates demand for grain.

Growers offering their grain for sale are encouraging more buyers to try and buy their grain! 😊

That's a good thing because it's yielding better prices than what growers may have thought their grain was worth via published bids (see charts below).

Plus growers are protected at all times on CGX by remaining completely anonymous and retaining title of their grain until paid with CGX's secure settlement.

Last week grain prices for most grades and commodities were stable to stronger as buyers continued to engage in trying to match grower offer prices.

Price movements varied considerably between grades and growers were taking advantage of the recent increase in appetite and values to sell some grain.

Barley and canola prices lifted week on week in the eastern states which helped to narrow the wider than normal price spreads between the east and west locations.

Some malt barley grades traded at higher prices week-on-week in a number of locations, maintaining premiums to feed in many instances. Spartacus in WA increased $10/t week-on-week as an example.

Noodle wheat was attracting strong premiums to APW1 in the west with ANW1 trading at prices above H1 as supply tightens versus demand.

Growers are impacting demand and prices directly by having a say in the price of their grain and actively offering their grain for sale at the price they will sell it for.

This enables ALL BUYERS to see the grade, location, volume and sell price so they know what price they need to be at to buy volume when they need it. By offering grain for sale it helps buyers stay interested in your unsold grain.

Many prices have improved in recent weeks

Chart: Traded prices on CGX are dots versus best published bid lines.

Chart: Traded prices on CGX are dots versus best published bid lines - triangles are CGX trades at other sites within the same port zone worked back using GTA location differentials to equivalent prices at the site of the chart for comparison.

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.