Weekly Grain Traded CGX - 30 January
Australia Day holiday disrupts markets - The Thursday holiday appears to have seen many take some extra time off creating more sporadic markets.
Prices held week-on-week - 29 buyers purchased wheat, barley, canola, oats and lupins across 13 port zones in NSW, VIC, SA and WA.
There is plenty of demand for Australian grain - If you have grain in warehouse, make sure you offer it - no matter what price.
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
29 buyers purchased grain on CGX - more were searching for grain
14 in the Eastern States
6 in South Australia
15 in Western Australia
183 sellers sold grain on CGX with more offering grain for sale
19 agent and/or advisory businesses sold grain on behalf of growers
25 different grades traded
5 commodities traded - wheat, barley, canola, oats, lupins
13 port zones traded across NSW, VIC, SA and WA
Australia Day holiday disrupts markets
Australian grain markets felt more sporadic last week. This may have been due to the Australia day holiday on Thursday which saw many extend their time off.
When we compare traded values achieved last week versus the week prior, most values were flat, some improved and some (mainly wheat grades in NSW) decreased $5-10/t week-on-week.
APW1 wheat was trading $390/t Pt Adelaide, $386/t Pt Kembla, $378/t Melbourne and $377/t Newcastle.
Traded values of ASW1 continued to differ significantly across the country with Pt Giles trading $380/t, Portland $374/t, Newcastle $367/t and Albany $350/t as examples.
Discounts to lower wheat grades are tightening generally with stock feed wheat trading $400/t Geelong, $365/t Portland and $360/t Pt Giles. AUH2 is often attracting premiums to APW1 depending on location. Durum was also trading in Newcastle.
Feed barley was trading $340/t Esperance, $327/t Melbourne, $319/t Kwinana, and $308/t Port Adelaide as examples. Off-spec barley was also attracting interest. Malt grades continue to attract premiums though trade was more sporadic last week.
CAN "EU" (ISCC declared) traded $700/t + oil bonifications in Newcastle while oats and lupins are largely holding values at $320/t and $318/t Kwinana respectively.
The range of values trading can vary significantly as buyers are generally assessing what they have versus what they need, then searching for grain offered for sale, crunching their numbers and bidding or purchasing grades and locations that work for them.
Hence make sure you have your grain offered for sale at the price you want so all buyers can see it and try to buy it - create demand for your grain!
29 different buyers purchased grain through Clear Grain Exchange during a disrupted week which compares with 39 the week prior.
Wheat and barley grades made up 49% of all tonnes traded last week, canola, lupins and oats made up the rest.
There was appetite for canola purchases through last week, however many buyers require ISCC declarations. Please see the note below regarding how to offer your canola that you are comfortable declaring meets ISCC standards.
How to offer ISCC canola on CGX
There appeares to be some confusion from growers and their agents around offering canola for sale on CGX that was able to be ISCC declared.
If you are comfortable with the ISCC declaration on your canola, remember to offer the grade you have on CGX with the "EU" stamp included. Often buyers require this declaration to buy the canola offered, meaning you often expose your canola to more buyers by making this declaration.
For growers that are unsure of your obligations in regards to the ISCC declaration, and how it may impact the sales process of your offer on CGX, there is further information provided in your CGX account by clicking next to the grade. NGR can also assist with information about ISCC obligations.
As always if ever in doubt, please simply contact us at anytime for assistance.
If you have grain in warehouse, don't hide it - offer it for sale on CGX at the price you want!
You're completely anonymous at all times, you retain title of your grain until you're paid, it costs nothing to have your grain on offer, CGX charges are only incurred if it sells, and we always say to factor those costs into your sale price.
If you are a bit unsure of your selling price, start higher!
If you use the exchange correctly it can only add value to your business.
Login to your Clear Grain Exchange account to see what prices traded, search the market screens, and offer your grain for sale!
The charts below provide a summary of grain traded last week
Most importantly we're always here to help!
Please 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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