Weekly Grain Traded CGX - 22 August
- Clear Grain Exchange
- Aug 22, 2022
- 2 min read
Published bids pulled back - Bids across most commodities were pulled back as buyers lower price expectations.
21 buyers bought 16 grades across all states last week - The aptitude to engage remains despite demand being hard to predict.
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.
21 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
21 buyers purchased grain on CGX - more searching
43 sellers sold grain on CGX with more offering grain for sale
5 agent and/or advisory businesses sold grain on behalf of growers
16 different grades traded
4 commodities traded - wheat, barley, lupins, oats
10 port zones traded across QLD, NSW, VIC, SA and WA
Published bids pulled back
Published bids were pulled back aggressively during the week across most commodities possibly as a result of weakness in CBOT, rumours over Chinese import restrictions (which didn't eventuate), and more confidence in production outlooks for many parts of Australia.
This saw sporadic trade activity on Clear Grain Exchange last week as buyers were generally reducing price ideas. Interestingly both buyers and sellers remained relatively active on the exchange in terms of logging in, searching the market, and placing bids and offers respectively.
It appears the aptitude to buy is there, but price expectations are apart in many cases and demand can be hard to predict. 21 different buyers purchased grain through the exchange last week with more searching indicating there is still plenty of appetite.
APW1 wheat traded $416/t port in Melbourne last week, ASW1 was trading $400/t Kwinana and Albany, $401/t Pt Kembla, $375/t Melbourne and $364/t Pt Adelaide. SFW1 and FED1 wheat grades traded $362/t Newcastle, while the higher protein grades continued to extract much better value with APH2 trading $448/t Newcastle and H2 selling for $451/t in Pt Adelaide.
Other examples include spartacus barley trading $472/t port equivalent in Pt Kembla last week with reasonable volume, which just goes to show if you don't have your grain offered for sale to all buyers you may never know what value it can trade!
BAR2 feed barley grade traded $328/t in Portland, oats and lupins traded $279/t and $281/t in Kwinana respectively.
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, ensure 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!
The charts below provide a summary of grain traded last week
Most importantly we're always here to help!
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