Aug 15, 2022

Weekly Grain Traded CGX - 15 August

Grain markets were active last week - 28 buyers purchased grain, more searching for grain - end users, exporters, traders were all active.
Buyers placing bids and growers adjusting offers - Many growers are adjusting their sale price expectations and drawing interest from buyers.
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.

graph with 19 buyers purchased grain on CGX — 28 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.

Grain market statistics for last week

28 buyers purchased grain on CGX - more searching
68 sellers sold grain on CGX with more offering grain for sale
5 agent and/or advisory businesses sold grain on behalf of growers
19 different grades traded
4 commodities traded - wheat, barley, canola, lupins
9 port zones traded across NSW, VIC, SA and WA

Spread of buyers searching grain

Generally the grain market in Australia remains pretty active. End users were purchasing and searching for grain they could make work to cover further requirements, while exporters and traders were also active last week.

If buyers couldn't pay prices that growers were offering, they were often bidding against the parcel of grain with the price they could pay, which in most cases was well above best published bids. Some growers were matching those prices to get sales away, others were happy to hold at their target prices.

A number of growers appear to be adjusting price expectations on the grain they have left for sale given the fall in global and local values. Many were lowering their offer prices to levels they feel is fair value, which was also drawing interest from buyers.

There are plenty of buyers trying to buy Australian grain. 28 buyers purchased grain through Clear Grain Exchange last week, a higher number than recent weeks, more buyers were searching grain offered for sale.

APW1 wheat was trading $445/t FIS Kwinana last week and $430/t track Portland. ASW1 traded $415/t Albany and $380/t Melbourne. H1 was still making $500/t in the west and $467/t Geelong, H2 was $451/t Pt Adelaide and $443/t Portland as examples. AH9 was $367/t in Pt Kembla and $363/t Newcastle, while SFW1 was trading $352/t and $351/t in Pt Kembla and Melbourne respectively.

Feed barley traded $338/t in both Kwinana and Melbourne last week, GM canola was $746/t + oil in Melbourne and Lupins traded $295/t Kwinana.

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