top of page

Weekly Grain Traded CGX - 20 May


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


logo igrain by clear grain exchange
 
  1. The breadth of demand is wide for Australian grain - Buyers are searching in all locations for all types of grain, pulses and oilseeds.

  2. 50 buyers met grower prices to purchase 55 grades - Wheat, barley, canola, faba beans, lentils, lupins, oats and sorghum traded in 16 port zones.

  3. 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.

 
50 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale.
50 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


  • 50 buyers purchased grain on CGX - more were searching for grain

  • 27 in NSW & QLD

  • 23 in VIC

  • 19 in SA

  • 21 in WA

  • 416 sellers sold grain through CGX across 579 transactions - more were offering grain for sale

  • 18 agent and/or advisory businesses sold grain on behalf of growers

  • 55 different grades traded

  • 8 commodities - Wheat, barley, canola, faba beans, lentils, lupins, oats and sorghum

  • 16 port zones traded across QLD, NSW, VIC, SA and WA

 

 

Wide breadth of grain demand


Australian grain prices continued to push higher at the start of last week with buyers increasing their bid prices to secure grain.



A more neutral to bullish than anticipated USDA WASDE report and news of more deteriorating crop conditions in the Black Sea and other parts of the world underpinned a more supportive global price outlook.



Locally continued dryness in WA and SA has the industry on edge and many growers appear to be patient sellers in response.



Many published bids for grain retracted towards the end of last week however offers generally didn't follow. Often bids jumped up to match offers and buy grain at better prices than bids publicly advertised.



50 different buyer businesses purchased grain at offer prices set by growers last week with another 70 buyers searching for grain.



Buyers made over 9,000 searches for grain on CGX just last week!



55 different grades traded of wheat, barley, canola, faba beans, lentils, lupins, oats and sorghum in 16 port zones across QLD, NSW, VIC, SA and WA.



It indicates the "breadth of demand" for Australian grain right now. Buyers are searching in all locations for all types of grain, pulses, oilseeds.



If you have grain in warehouse, be sure to offer it at the price you want on CGX (or if your grain is stored on-farm, use igrain!).



By doing so, ALL BUYERS can see your grain, crunch their numbers, and try to buy it. Offering your grain for sale creates demand for your grain.



Grain offered for sale on CGX regularly sells at better prices than best published bids. Refer to the charts below for examples.



Last week there was regularly different prices bid on the same grades of grain between sites in the same zone. Be sure to check the prices of sites in your area when offering grain for sale. You can search for prices in your CGX account.



If you need help using your CGX account, just call us. We're available anytime between 9am and 8:30pm AEST and happy to help!



There's no downside. 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.



Put your price on your grain and let ALL BUYERS see it and try to buy it.  



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.


grain prices in the main ports in EC

grain prices in the main ports in the SA


grain prices in the main ports in the SA & WA





The charts below provide a summary of grain traded last week



grain commodities traded on Clear Grain Exchange
grain commodities traded in QLD on Clear Grain Exchange

grain commodities traded in NSW on Clear Grain Exchange

Grain commodities traded in SA last week on Clear grain Exchange


grain commodities traded in NSW on Clear Grain Exchange





 

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

logo igrain by clear grain exchange
 

If you have any queries, we're always here to help!

Please give us a call or email if you have any questions.

Call 1800 000 410 or Email support@cgx.com.au

7 views0 comments

Comments


Do you want to know more?
Subscribe to our newsletter.

Thanks for submitting!

bottom of page