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Weekly Grain Traded CGX - 26 February


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


logo igrain by clear grain exchange
 
  1. Buyers searching for grain - Despite "published bids" of many grades remaining at, or near, recent lows, grain was trading at grower offer prices.

  2. 37 buyers met grower target prices to purchase 26 grades of wheat, barley, canola, lentils and oats across 14 port zones around Australia.

  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.

 
37 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale.
37 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


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

  • 8 in NSW

  • 6 in VIC

  • 2 in QLD

  • 8 in SA

  • 18 in WA

  • 99 sellers sold grain through CGX across 125 transactions - more were offering grain for sale

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

  • 26 different grades traded

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

  • 14 port zones traded across QLD, NSW, VIC, SA and WA

 

Buyers searching for grain


The number of buyers that purchased grain through Clear Grain Exchange last week increased week-on-week to 37 different buyer businesses.



26 grades of wheat, barley, canola, lentils and oats traded through the exchange across 14 port zones in all the major grain growing states of Australia.



That was despite best published bids of many grades and commodities decreasing significantly at the end of the week prior and remaining at or near those levels through last week.



The volume of grain that traded last week was lower than the week prior as growers were reluctant to follow bids all the way lower. Hence a bid-offer spread emerged.



However the breadth of grain that traded by grade, location and number of buyers, at prices better than published bids, may be an indicator of demand.



Buyers have appeared relatively patient while prices were falling, however plenty of buyers are actively searching, bidding, and purchasing grain offered for sale.



One thing is for sure, if your grain is not on OFFER at the price you want, it can't sell. Buyers need to see your grain to crunch their numbers and try to buy it.



Remember, you're anonymous and protected by secure settlement if your grain sells through Clear Grain Exchange, and your grain can only sell at, or above, the price you offer it for sale.



The charts below show the power of growers offering their grain for sale to create demand, with grain regularly trading at better prices than published bids indicate.



ASW1 wheat prices at GrainCorp's Mirrool site in Port Kembla zone




ASW1 wheat prices at Viterra's Tailem Bend site in Port Adelaide zone





ASW1 wheat prices in the Kwinana zone of CBH's warehouse system




The tables below provide a summary of traded prices on CGX between 19 Feb and 26 Feb.


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 on the E/C

grain prices in the main ports in SA

grain prices in the main ports on the East Coast Australia




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 QLD last week on Clear grain Exchange


grain commodities traded in SA 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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