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Weekly Grain Traded CGX - 25 March


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


logo igrain by clear grain exchange
 
  1. Demand for grain intensifies - More buyers stepped in to bid over each other and get hold of grain last week, particularly wheat, barley and canola.

  2. 46 buyers met grower target prices to purchase 48 grades - Wheat, barley, canola, lentils and oats traded across 12 Australian 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.

 
46 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale.
46 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


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

  • 16 in NSW

  • 18 in VIC

  • 10 in SA

  • 22 in WA

  • 263 sellers sold grain through CGX across 374 transactions - more were offering grain for sale

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

  • 48 different grades traded

  • 5 commodities - wheat, barley, canola, lentils, oats

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

 

Appetite for grain intensifies


Demand for grain continued to improve last week as more buyers stepped in to try and buy various grades.



The lift in demand flowed through to prices increasing for many commodities across many locations.



46 different buyer businesses purchased 48 grades of wheat, barley, canola, lentils and oats in 12 port zones around Australia, with more buyers searching to buy grain offered for sale.



There was a broad spectrum of buyers including both bulk and container exporters, domestic users stepping back in to cover requirements, and domestic and international traders.



Demand was relatively evenly spread across the major commodities with wheat making up 36% of all grain traded through CGX last week, barley and canola made up 31% respectively, and the balance was lentils and oats.



27 buyers purchased 17 grades of wheat with some price spreads still evident between the higher priced milling and niche grades (such as noodle) compared with feed grades (refer to tables with traded prices below).



21 buyers purchased 9 grades of barley with more buyers looking. Better prices for malt grades over feed were still being achieved.



11 buyers purchased canola through Clear Grain Exchange last week with ISCC declared grades ("EU" grades in CGX) at times attracting better prices than canola without the declaration. However this wasn't the case all of the time which may imply some demand is for destinations other than the EU.





Chart: Traded prices on CGX are dots versus best published bid lines.





Chart: Traded prices on CGX are dots versus best published bid lines.



If you have grain in warehouse unsold it should be on offer at the price you are willing to sell it for, no matter what price that may be.



Buyers can't try to buy your grain if they can't see it, and if they can't pay the price you want now, at least they know the grain is there. By having your grain on offer it keeps buyers interested and participating in your port zone.



You're anonymous and protected by secure settlement at all times when offering grain for sale and selling through CGX. There is only upside in having your grain offered for sale. 



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





The charts below provide a summary of grain traded last week



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

grain commodities traded in VIC on Clear Grain Exchange

Grain commodities traded in VIC last week on Clear grain Exchange



grain commodities traded in WA 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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