Jan 23, 2023

Weekly Grain Traded CGX - 23 January

More growers taking control of grain prices - more than 26,000 parcels of grain are offered for sale on CGX as growers ask for their price.
39 buyers purchased wheat, barley, canola, oats, lentils and lupins - 34 grades traded across 13 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.

39 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

39 buyers purchased grain on CGX - more were searching for grain
- 19 in the Eastern States
- 5 in South Australia
- 24 in Western Australia
262 sellers sold grain on CGX with more offering grain for sale
17 agent and/or advisory businesses sold grain on behalf of growers
34 different grades traded
6 commodities traded - wheat, barley, canola, oats, lupins, lentils
13 port zones traded across QLD, NSW, VIC, SA and WA

Growers offering - Buyers searching

More and more growers are taking control of their selling price and offering their grain at the price they are willing to sell for. There are currently more than 26,000 offers on Clear Grain Exchange (CGX). That is 26,000 combinations of tonnage and price by commodity, grade and location around Australia - and it's yielding results. Prices trading on CGX are regularly better than the best published bids and cash bids provided on the day. The value is being created by growers (and their agents) taking control of their grain prices and offering grain at the price they want on an independent and secure exchange so all buyers can see it and try to buy it. By being proactive and offering grain at their sale price, rather than waiting for buyers to advertise their bids and reacting to them, growers are making it easier for buyers to find their grain, crunch their numbers and try to buy it. It often means grain of a more suitable grade, or in a more suitable location, is being discovered by buyers so they are able to pass on the value. If you have grain in warehouse, don't hide it - offer it for sale on CGX at the price you want! You're completely anonymous at all times, you retain title of your grain until you're paid, it costs nothing to have your grain on offer, CGX charges are only incurred if it sells, and we always say to factor those costs into your sale price. If you are a bit unsure of your selling price, start higher! If you use the exchange correctly it can only add value to your business. 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!