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Weekly Grain Traded CGX - 28 February


Trading Highlights and News

  1. Our new website is now live! Please login and explore. If you have any queries call 1800 000 410 or email suppport@cgx.com.au

  2. 381,740t traded through CGX last week - A new record and nice way to send off our old website. Demand for grain was at extreme levels through the week.

  3. Growers actively adjusting price targets - Growers and agents were actively editing offer prices. Remember you can edit offers at anytime and grain can only trade when the market is open (10:00-10:05am and 8:30-8:35pm AEDT).

NOTICE: Market Open will be between 2:00-2:05pm AEDT on Monday 28th February 2022. We aim to make the transition to the new website as comfortable as possible for you. This ensures users have opportunity to login and edit any orders they have in the market ahead of market open on Monday. Market hours will resume as normal thereafter.

 

Trade stats for last week

  • 381,740 tonnes were sold in 1,298 transactions on CGX open exchange

  • 49 buyers purchased grain on CGX - more searching

    • 37 buyers in the eastern states

    • 14 buyers in SA

    • 22 buyers in WA

  • 784 sellers sold grain on CGX with more offering grain for sale

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

  • 57 different contract grades traded

  • 8 commodities traded - wheat, barley, canola, sorghum, oats, peas, lupins, faba beans

  • 15 port zones traded across QLD, NSQ, VIC, SA and WA

Grain demand pushes to extreme levels

Grain demand was extreme last week with many buyers bidding to secure grain.

Volatility in international markets saw Australian grain values climb through last week to reach price levels many growers were targeting. This saw CGX record its largest ever week of trade volume on the open exchange at 381,740 tonnes with 784 sellers of grain, and 32 agent/advisory businesses utilised the exchange to access market prices on behalf of their clients. Buyers were scrambling to try and buy grain at times through the week. This saw many growers selling above their offer price on the exchange as buyers were actively out bidding each other to secure grain listed for sale ahead of market open. You're in control of your offer price and tonnage for sale and can edit it at any time before it sells. Your grain can not sell lower than your offer price, however can sell higher if buyers are out bidding each other ahead of market open. There are often many more buyers than you may realise that want your grain. Offer it for sale to all buyers on CGX. The table below shows traded prices on CGX last week.

table trade prices on CGX

The charts below provide a summary of what traded last week.

Graph commodities traded on CGX

Graph grades traded in Eastern Australia on CGX

Graph grades traded in SA on CGX

Graph grades traded in WA on CGX

Graph locations traded on CGX

 

Most importantly we're always here to help!

Please don't be afraid to give us a call or email if you have any questions.


New website - same great service


Call 1800 000 410 or Email support@cgx.com.au

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