Sep 19, 2022

Weekly Grain Traded CGX - 19 September

Buyers engage to lift prices - Buyers were actively trying to secure grain last week, volatility in international markets may have helped.
8 commodities traded across QLD, NSW, VIC, SA, WA - 30 buyers purchased 25 grades of grain, with more searching grain offered for sale.
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.

30 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

30 buyers purchased grain on CGX - more searching
170 sellers sold grain on CGX with more offering grain for sale
11 agent and/or advisory businesses sold grain on behalf of growers
25 different grades traded
8 commodities traded - wheat, barley, canola, sorghum, oats, lupins, chickpeas, faba beans
12 port zones traded across QLD, NSW, VIC, SA and WA

Buyers engage to lift prices

30 different buyer businesses bought Australian grain through Clear Grain Exchange last week with more searching for grain offered for sale on the exchange.

The breadth of demand was wide with 25 grades of wheat, barley, canola, sorghum, oats, lupins, chickpeas and faba beans trading across all the major grain growing states of Australia.

International futures markets maintained, or added to, the gains made in the recent month as the Russia/Ukraine conflict continues to spread uncertainty. The Aussie dollar was also weaker due to global economic concerns impacting equity markets.

This may have helped shift buyer sentiment from sitting on the side lines recently to getting more active in securing grain. Whatever the reasons, prices generally improved last week.

APW1 wheat traded $416/t Pt Kembla, $405/t Melbourne and $400/t Kwinana. ASW1 traded $374/t Melbourne and $371/t Albany.

Higher protein wheat grades continue to attract premiums with H1 and H2 in Kwinana trading $500/t and $450/t respectively, H2 also traded $439/t Pt Kembla, $433/t Newcastle and $436/t Melbourne.

Stock feed wheat was trading $388/t Pt Adelaide, $364/t Newcastle and $354/t Portland as examples.

Feed barley was trading $288/t Kwinana, sorghum was $338/t Brisbane, canola traded $740/t + oil in Melbourne, lupins got back up to $300/t in Kwinana, chickpeas were $430/t Brisbane and Newcastle, and oats traded $260/t in WA.

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