Apr 22

Weekly Grain Traded CGX - 22 April

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

Grain demand intensity continues - The general lift in intensity of buyer demand for grain continued last week matching the record number of buyers.
53 buyers met grower prices to purchase 54 grades - Wheat, barley, canola, faba beans, lentils, lupins, peas, and oats traded in 16 port zones.
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.

53 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

53 buyers purchased grain on CGX - more were searching for grain
19 in NSW and QLD
25 in VIC
16 in SA
22 in WA
459 sellers sold grain through CGX across 663 transactions - more were offering grain for sale
20 agent and/or advisory businesses sold grain on behalf of growers
54 different grades traded
8 commodities - wheat, barley, canola, faba beans, lentils, lupins, peas, oats
16 port zones traded across QLD, NSW, VIC, SA and WA

Grain demand intensity continued

The general intensity of buyers trying to engage in purchasing Australian grain continued to lift with another record number of buyers last week.

53 different buyer businesses purchased grain offered for sale through Clear Grain Exchange (CGX) for the second week in a row.

Buyers were actively placing bids on grain offered for sale at prices they could make work and often matching price targets set by growers.

In addition to the 53 buyers that bought grain through the exchange last week, there were another 57 buyers searching for grain on the exchange.

In total, buyers conducted more than 10,000 searches for grain on CGX just last week.

Appetite for Australian grain has continued to improve over the past month with crop conditions and crop sizes in the northern hemisphere remaining uncertain.

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!).

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

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.

Growers are impacting demand and prices directly by actively offering their grain for sale at the price they will sell it for.

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.