May 15, 2023

Weekly Grain Traded CGX - 15 May

A range of grades and locations traded - 42 different grades across 15 port zones traded last week as buyers searched the market for offers.
Wheat grades dominated trade volume but minor crops also in demand - 7 commodities traded with grades of wheat, barley, canola, lupins, chickpeas, faba beans and oats in demand.
If you have grain in warehouse, offer it for sale at your target price - Your grain can't sell if buyers can't see it and try to buy it!

33 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

33 buyers purchased grain on CGX - more were searching for grain
- 11 in NSW
- 9 in VIC
- 4 in QLD
- 9 in SA
- 16 in WA
212 sellers sold grain on CGX with more offering grain for sale
21 agent and/or advisory businesses sold grain on behalf of growers
42 different grades traded
7 commodities - wheat, barley, canola, lupins, chickpeas, faba beans, oats
15 port zones traded across QLD, NSW, VIC, SA and WA

Buyers searching multiple grades and locations

Grain traded across a breadth of grades and locations last week, with 42 different grades across 15 port zones trading on Clear Grain Exchange.

Prices generally held as international futures markets provided little direction for local markets to follow and buyer demand remained strong. 33 buyers purchased grain on CGX, with many more searching grain offered for sale.

Wheat was the dominant commodity traded across most port zones, with grades of barley, canola, lupins, chickpeas, faba beans and oats also trading.

Buyers are searching all grades and locations as they look to fulfil their demand requirements. Some buyers appear to have filled their early season requirements with purchases at or shortly after harvest and are potentially returning to the market to secure further volume as we approach mid year.

Demand for canola was seen across multiple port zones, with EU sustainable canola trading $720/t Albany, $636/t Port Kembla and $604/t Melbourne as examples. GM grades traded $670/t Kwinana, $650/t Albany and $600/t Port Adelaide.

Feed barley values traded within a range around $300/t in the southern states, with $313/t Geelong, $296/t Melbourne, $292/t Kwinana, $285/t Albany and $280/t Port Adelaide trading. Brisbane zone traded $418/t showing strong interest in the northern states potentially from livestock feed demand.

Malt barley continued to trade at strong premiums in the west, with SPAR1 trading $360/t and MAXI1 $330/t Kwinana, whilst in SA the premiums are lower with MA1 trading $293/t Adelaide.

Lupins traded across WA with $350/t Kwinana, $340/t Esperance and $339 Geraldton as examples. Faba beans traded in Vic and SA with $394/t Portland and $360/t Port Adelaide trading.

There is demand for your grain. Buyers are actively searching the market for offers, and grades or locations can trade when you least expect it.

By having your grain on offer you create demand for your grain. Buyers can see your warehoused grain and crunch their numbers and try to buy it. That's how value is created.

All you have to do is make sure its on offer so buyers can see it. No price is a silly price and you're always protected by anonymity and secure settlement.

Regardless of what grain you have in warehouse or whether you want to sell in the near-term or are prepared to target higher prices and potentially hold grain for longer; get it on offer!

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.