Aug 29, 2022

Weekly Grain Traded CGX - 29 August

Grain demand lifted supporting prices - 27 buyers purchased wheat, barley, canola, sorghum, lupins, chickpeas and faba beans last week.
Buyers placing bids and growers adjusting offers - Traded values and/or firm bids on offers were much stronger than best published bids.
Do you have grain in warehouse? Offer it for sale at the price you want to all buyers. It's easy, secure and you're completely anonymous.

graph with 19 buyers purchased grain on CGX — 27 different buyers 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.

Melbourne Position

Perth Postion

Grain market statistics for last week

27 buyers purchased grain on CGX - more searching
64 sellers sold grain on CGX with more offering grain for sale
5 agent and/or advisory businesses sold grain on behalf of growers
28 different grades traded
7 commodities traded - wheat, barley, canola, sorghum, lupins, chickpeas, faba beans
10 port zones traded across QLD, NSW, VIC, SA and WA

Grain demand lifts improving prices

A broad spread of buyers stepped in to purchase grain last week. Domestic end-users, traders and exporters all found grain offered for sale on Clear Grain Exchange that they could make work, and were actively matching those offers with bids, or placing firm bids against offers at prices they could afford.

Resulting traded values and/or firm bids placed on grain offered for sale were often much stronger than best published bids being advertised by buyers.

Many sellers were actively monitoring their offers and often adjusting their price targets that may have been set some months ago. Many were also surprised by the prices being achieved by trades or firm bids generated on the exchange.

Remember, when your grain is on offer, you receive an SMS of the price when a trade has occurred of the same grade in the same port zone. Many growers find this useful to keep abreast of the real value of their grain given the traded value can often differ significantly from the best published bid advertised on the day.

27 buyers purchased grain through Clear Grain Exchange last week which compares with 21 the week prior. More buyers were searching grain offered for sale. There are plenty of buyers that want all types of Australian grain. 28 grades of wheat, barley, canola, sorghum, lupins, chickpeas and faba beans traded last week.

If you have grain in warehouse make sure you offer it for sale to all buyers so you can see the full reflection of demand. Let all buyers see your grain, crunch their numbers and try to buy it.

Often there are more buyers than you may realise that want to try and buy your grain. Let's create the opportunity for them to have a go!

Traded values on Clear Grain Exchange from last week are provided below on a port equivalent basis.