Apr 3, 2023

Weekly Grain Traded CGX - 03 April

36 buyers purchased grain through CGX - The demand profile for Australian grain remains healthy with plenty of buyers searching for grain.
All grains, oilseeds and pulses finding demand - 39 grades of wheat, barley, canola, oats, lupins, lentils and faba beans sold.
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!

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.

Grain market statistics for last week

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

36 buyers purchase grain on CGX

36 different buyers purchased grain offered for sale on Clear Grain Exchange last week, with more buyers searching for grain, as demand for Australian grain remains strong. Buyers have been battling to get their bids up to the prices growers have been offering grain for sale in recent weeks, however last week saw buyers increase their prices for many grades and many growers sold at prices they were seeking. APW1 wheat and lower grades continue to trade in volume across the country. The price difference between APW1 and the lower grades has closed up with SFW1 trading $370/t Melbourne as an example. Higher protein milling grades are beginning to trade more sporadically as millers become more covered on required grades. Demand for feed barley has remained relatively consistent with good volumes trading while malt grades are now trading more infrequently. Some price discovery emerged in canola with some trading $683/t + oil payments in Pt Adelaide and GM canola trading $660/t + oil payments in Kwinana as examples. Oats are now trading $375/t in Kwinana and the pulse market has heated up with beans trading $404/t Pt Adelaide, nipper lentils $843/t Pt Giles and $832/t Portland, and lupins $345/t Kwinana. 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. That's how you create demand for your grain!

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.