Weekly Grain Traded CGX - 28 February
Trading Highlights and News
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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.
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.
The charts below provide a summary of what traded last week.
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Please don't be afraid to give us a call or email if you have any questions.
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Call 1800 000 410 or Email support@cgx.com.au
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