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Weekly Grain Traded CGX - 28 March

  1. Buyers vigorously trying to move grain - Buyers are trying to maximise supply chains to get Aussie grain to the world while demand is so strong.

  2. Grain offered at recent traded prices continue to attract buyer interest - 28 buyers purchased grain with more searching grain offered for sale.

  3. Growers actively adjusting price targets - Growers and agents are 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).

 

28 different buyers purchased grain through Clear Grain Exchange (CGX) last week with more 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

  • 28 buyers purchased grain on CGX - more searching

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

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

  • 22 different grades traded

  • 6 commodities traded - wheat, barley, canola, oats, lupins, sorghum

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

Buyers vigorously trying to move grain

28 different buyers purchased wheat, barley, canola, oats, lupins and sorghum through Clear Grain Exchange last week with more searching for grain offered for sale. Demand for Aussie grain remains very strong from offshore markets given uncertainty in the Black Sea, talk of Chinese drought, and still plenty of time before the other major northern hemisphere exporters have their crops in the bin. Hence buyers here in Australia are vigorously trying to maximise supply chains to get Aussie grain to the world. As they get certainty on execution they are active in accumulating grain and are meeting many growers target prices to get the business booked. This is providing opportunity for growers who are proactively offering grain for sale at their target prices. Grain on CGX continues to trade at better values than published prices or those advertised on cash boards. APW1 wheat and higher protein grades continued to trade above $400/t port in most areas of the country, sometimes well in excess of $400/t. ASW1 and below were typically trading below $400/t port with spreads varying based on location and possibly availability. Price differences across port zones continue to be extreme in some cases. Grain demand can be unpredictable. If you have grain in warehouse make sure you have it offered for sale on CGX at the price you want so all buyers can see it and try to buy it. There are often many more buyers than you may realise that want your grain.



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


 

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

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