May 1, 2023

Weekly Grain Traded CGX - 01 May

Wheat, barley, canola, oats and pulses traded through last week - Growers are managing their offers while concentrating on planting crops.
31 buyers purchased grain through CGX - International futures markets have softened but Australian trade prices are generally holding.
If you have grain in warehouse, offer it for sale at your target price - Your grain can't sell if buyers can't see it and try to buy it!

31 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.

Grain market statistics for last week

31 buyers purchased grain on CGX - more were searching for grain
101 sellers sold grain on CGX with more offering grain for sale
11 agent and/or advisory businesses sold grain on behalf of growers
27 different grades traded
7 commodities traded - wheat, barley, canola, lupins, lentils, faba beans, oats
13 port zones traded across NSW, VIC, SA and WA

Growers holding prices

International markets have been grinding lower as northern hemisphere weather conditions improve and coincide with reports of expected large spring crop plantings. This is weighing on Australian grain markets however at this point in time hasn't seen major reductions in traded prices across most grades and locations. ASW1 wheat and feed barley continue to be the dominant grades trading by volume across the country. APW1 wheat was also trading across all states. Interest in noodle wheat increased in the west. Higher protein grades continue to attract premiums while interest in lower grades remains typically at relatively tight spreads to ASW1. The pulse market continued to be active last week with lupins, faba beans and lentils all trading at prices growers were offering. Oats and canola was also trading providing price discovery for the market. There are plenty of buyers that want your grain - more than 100 have bought grain through CGX this season, over 300 are registered to buy your grain. By offering your grain for sale on Clear Grain Exchange you make it easier for every buyer to see your grain and try to buy it - that's a good thing, because we want as many buyers as possible trying to buy your grain. You're protected by anonymity and secure settlement at all times. All you need to do is decide what price you want for your grain - the rest is looked after for you! Regardless of what grain you have in warehouse or whether you want to sell in the near-term or are prepared to target higher prices and potentially hold grain for longer; get it on offer so all buyers can see it and try to buy it.

The tables below provide a summary of traded prices 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.