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Weekly Grain Traded CGX - 23 September


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


logo igrain by clear grain exchange
 
  1. Price lift sees some new crop trading - Many growers are setting new crop prices for harvest delivery and planning their harvest cashflow needs.

  2. There was strength in grain markets broadly - Improved offshore demand and a harder finish in some areas have pushed prices higher.

  3. 22 buyers met grower prices to purchase 21 grades - Wheat, barley, canola, and lentils traded in 12 port zones across Australia.

  4. 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.

 
27 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale.
22 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.

 

Market stats for last week


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

    • 7 in NSW

    • 12 in VIC

    • 7 in SA

    • 6 in WA

  • 107 sellers sold grain through CGX across 137 transactions - more were offering grain for sale

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

  • 21 different grades traded

  • 4 commodities - Wheat, barley, canola, and lentils

  • 12 port zones traded across NSW, VIC, SA and WA


 

New crop trades on price lift


24/25 season grain for delivery this coming harvest was trading through Clear Grain Exchange last week as growers prepare ahead of harvest.



Many growers are now thinking about what their cashflow needs are through the harvest period.



They're then OFFERING grain for sale now, ahead of harvest, at their target prices in order to sell grain to cover harvest cashflow.



It means they're better able to stand aside from the market if prices push lower during the harvest months.



Canola, feed barley, and major wheat grades such as ASW1 and APW1 are the 24/25 season grades growers appear most interested in offering for sale. 



If your grain is not offered for sale it can't sell at the price you want. Offering 24/25 season grain now, shows buyers the price growers want, when they're not under cashflow pressure to sell.



The below chart shows new season GM canola trading in Kwinana versus best published bids last week.




Last week price strength continued in grain markets broadly as hot and dryer weather along with frost events in many parts of Australia shed crop production.



Improved offshore demand for grains also continues to build on the better market sentiment regarding prices.



Victorian and South Australian prices are moving in line with some tough crop conditions in those areas.



Barley saw further price rises with buyers bidding up to grower offer prices to secure the grain. See chart below of barley traded prices at Nhill Victoria as an example.



Wheat was the most sought after commodity over the week with 20 buyers purchasing 10 grades through the week.






Grain stored on-farm was also attracting buyer demand and seeing a lift in prices with various quality of wheat, barley and faba beans trading through igrain last week.



By OFFERING your grain for sale at the price you believe it's worth, or the price you want for it, on CGX (warehoused grain) or igrain (on-farm grain), every buyer in the market can see it and try to buy it. 



This creates demand for your grain and often it will sell at prices you didn't think were available at the time.



It's free to have your grain on offer and you can edit or cancel your offer at anytime before it trades. Plus you're anonymous and protected by best-in-class contract settlement if your grain sells.



There is no downside in offering your grain for sale on CGX (if in warehouse) or igrain (if stored on farm) - only upside!



For those thinking about making grain sales for the coming harvest to manage cashflow, you can now offer your grain for sale for Nov/Dec and Dec/Jan delivery on CGX.



Simply login to your CGX account or call the team on 1800000410. 



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







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 SA last week 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

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