Jul 4, 2022

Weekly Grain Traded CGX - 04 July

24 buyers purchased grain through CGX last week - Wheat grades made up 87% of all tonnes traded, barley 13% and some lupins.
Demand for Australian grain remains - Grain values are not following CBOT to the full extent as international business gets booked.
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.

grain trade 24 buyers — 24 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.

When your grain is offered for sale on CGX all buyers can see it and try to purchase it.

Grain Market stats for last week

24 buyers purchased grain on CGX - more searching
80 sellers sold grain on CGX with more offering grain for sale
9 agent and/or advisory businesses sold grain on behalf of growers
15 different grades traded
3 commodities traded - wheat, barley, lupins
8 port zones traded across NSW, VIC, SA and WA

Prices hold vs the CBOT plunge

Reports of new international purchases during the past week was welcome news for the market looking for firm price indications as supply from the northern hemisphere becomes available. The traditional buyers of north Africa and the middle east have been active in purchasing cargoes and reportedly new business into Asia continues. This may have helped stabilise prices here in Australia with buyers bidding for or purchasing grain on offer regardless of the softer lead from CBOT wheat futures. Bids placed on offers or resulting trades were much stronger than published bids. 24 different buyers purchased grain offered on CGX last week with more searching for grain on offer. APW1 wheat traded $480/t in Kwinana with noodle grades making $500/t. ASW1 wheat traded $425/t Kwinana, $427/t Melbourne, and $410/t Newcastle. H1 wheat traded $527/t Geelong. SFW1 traded $388/t in Pt Kembla and Newcastle. Feed barley traded $420/t Pt Adelaide, $408/t Geelong, and $390/t Kwinana. Lupins traded $338/t Kwinana. There is still plenty of appetite for Australian grain. Make sure you offer your grain for sale to all buyers, so you have the best chance to sell it for its full value.