Weekly Grain Traded CGX

Grain stored on-farm can now be sold on CGX

Pockets of demand pushes prices - Pockets of strong demand saw buyers push bids up to grower prices. Growers need to show them those prices!
39 buyers met grower offer prices to purchase 32 grades - Wheat, barley, canola, faba beans, lentils, lupins, oats and sorghum traded in 14 port zones.
CGX and igrainX enable growers to offer grain for sale - Growers delivering to warehouse can offer grain for sale on CGX. Growers with grain on-farm can offer grain for sale on igrainX and determine pickup/delivery timeframes.

27 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale. — 36 buyer businesses 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.

Market stats for last week

39 buyers purchased grain on CGX - more were searching for grain
- 11 in QLD and NSW
- 7 in VIC
- 13 in SA
- 14 in WA
161 sellers sold grain through CGX across 204 transactions - more were offering grain for sale
12 agent and/or advisory businesses sold grain on behalf of growers
32 different grades traded
8 commodities - Wheat, barley, canola, faba beans, lentils, lupins, oats, sorghum
14 port zones traded across QLD, NSW, VIC, SA and WA

Pockets of demand pushes prices

Australian grain markets appear to be currently defined by growers wanting a bit better prices than what buyers are bidding, and buyers remaining relatively conservative rather than accumulating aggressively.

Within this are pockets of strong demand when buyers are looking to fulfil requirements of certain quality grades in certain locations and push bids up to grower prices.

If you don't have your grain offered for sale it can't sell! Offering grain for sale means you don't miss opportunities - if you need to defer cashflow you can also do that within CGX and igrainX.

Last week many pockets of demand were across wheat grades with 25 buyer businesses bidding up to purchase 14 grades of wheat across Australia to make up 85% of all grain traded through Clear Grain Exchange (CGX) last week.

For example, Port Giles in SA was attracting strong demand for the higher protein wheat grades, H2 and ASW1 offers in Port Kembla were attracting buyers, while Kwinana and Geraldton port zones saw strong demand across numerous grades.

Barley prices continued to trade at strong prices in relation to wheat through last week. Wheat has a higher value into feed rations than barley and so the tight price spreads between barley and wheat currently imply the demand is likely driven by export feed demand.

Sorghum also appears to be sought after with reports Chinese demand for the commodity is strong currently implying it's a good time for growers to be asking for the prices they want.

Canola continues to trade with Melbourne trading $780/t port track + oil bonifications as an example. Faba beans, lentils, lupins, and oats are also trading.

39 buyers purchased grain through CGX and igrainX, a total of 114 buyers made 5,513 searches for grain listed for sale on the exchange.

There are plenty of buyers searching for Australian grain offered for sale.

Let all buyers see your grain at the price you are a genuine seller as it helps attract more buyers to buy your grain and is the only way to determine it's true value.

Buyers are actively looking for Australian grain and ready to buy it at prices they can make work. Demand for grain is not an issue. It's the price point that grain will trade which the market is trying to work out, and growers can influence that by offering grain for sale at the price they're genuine sellers.

The amount of grain to be exported from Australia this year and consumed domestically has not yet been bought by buyers from growers.

This means demand for Australian grains remains and growers have a say in the price they sell it for.

Growers are impacting the price of Australian grain by offering grain for sale and leading bids higher.

CGX recently released the ability for growers to offer grain stored on-farm for sale to all buyers from within their CGX online account.

Grain listed for sale that's stored on-farm is protected by counterparty insurance, a diligent buyer registration process, and CGX managing invoicing and collection of funds from the buyer on the growers behalf.

The new independent and secure market for grain stored on-farm is igrainX, and a number of growers were actively offering grain stored on-farm for sale through igrainX and trading last week.

Refer to your emails for more detail regarding igrainX. Please login and have a look and/or call our support team at anytime.

The tables below provide a summary of traded prices on CGX last week

Note: GTA location differentials are used to convert prices to a port equivalent price, actual freight rates can differ particularly in the eastern states. You can offer any grade for sale to create demand.