Jan 16, 2023

Weekly Grain Traded CGX - 16 January

Growers have pricing power - Growers are offering grain for sale and achieving their price targets by creating demand for their grain.
38 buyers purchased wheat, barley, canola, oats, faba beans and lupins - 35 grades traded across 14 port zones in QLD, NSW, VIC, SA and WA.
There is plenty of demand for Australian grain - If you have grain in warehouse, make sure you offer it - no matter what price you want for it.

38 buyer businesses purchased grain through Clear Grain Exchange (CGX) in the week before Christmas, 26 buyers purchased through CGX between Christmas and the New Year - 47 in total for the period. 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

38 buyers purchased grain on CGX - more were searching for grain
- 17 in the Eastern States
- 7 in South Australia
- 21 in Western Australia
271 sellers sold grain on CGX with more offering grain for sale
23 agent and/or advisory businesses sold grain on behalf of growers
35 different grades traded
6 commodities traded - wheat, barley, canola, oats, lupins, faba beans
14 port zones traded across QLD, NSW, VIC, SA and WA

Growers have pricing power

Many growers continued to achieve their target prices through last week as buyers actively search for grain offered for sale. Price differences remain high for the same grade between port zones as buyers assess the quality and search for what they need to fulfil commitments. The price differences are also reflective of the prices growers in the port zones are willing to sell for. Growers have a say in what prices grain trades at. You can ask for a price. We're confident the most efficient way to do this is by offering grain for sale at the price you want on Clear Grain Exchange. All buyers can see your grain and try to buy it. You're anonymous and protected by secure settlement if it sells. Plus it costs nothing to have your grain on offer! You can edit it at anytime before it sells. If you have grain in warehouse, make sure you offer it - no matter where it is, what grade it is, or what price you want for it (even if it is much higher than current values). Just get it on offer. There's only upside if you use it correctly. Often grain is trading at prices you wouldn't have otherwise known was available. Create demand for your grain. Don't just watch published bids and then sell into them. Show the offer side of the market. Australian grain is in demand - let's try and get full value for it! The below table provides prices traded on Clear Grain Exchange through last week by grade and port zone. Login to your Clear Grain Exchange account to see what prices traded, search the market screens, and offer your grain for sale!

Grain prices ins Eastern States, South Australia and Western Australia

CGX operating at your site

Clear Grain Exchange operates at 26 different grain bulk handling businesses around Australia covering hundreds of storage sites.

The Sheel grain storage site at Telford (just south of Yarrawonga) in Victoria was set up recently on Clear Grain Exchange.

This means growers delivering to Sheel are now able to offer their grain for sale at the price they want to all buyers securely.

Check out our website to find out if you can offer grain on the exchange at your local site. If your site isn't registered on the exchange, get in touch and we can follow-up!