Sep 4, 2023

Weekly Grain Traded CGX - 04 September

CGX now own and operate the igrain market for grain stored on-farm

Grain markets pause for breath - Buyers paused from continuing to push prices higher while growers were comfortable asking for more.
24 buyers purchased wheat, barley, canola, sorghum, oats and lentils across all states on CGX - igrain traded barley, maize, lupins, oats, faba beans and soybeans throughout NSW and SA on an ex-farm basis.
If you have grain in warehouse or stored on-farm, offer it for sale at your price - CGX and igrain enables growers to set the price for their grain.

24 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

24 buyers purchased grain on CGX - more were searching for grain
- 8 in NSW & QLD
- 8 in VIC
- 9 in SA
- 9 in WA
112 sellers sold grain through CGX across 145 transactions - more were offering grain for sale
13 agent and/or advisory businesses sold grain on behalf of growers
28 different grades traded
6 commodities - wheat, barley, canola, sorghum, oats, lentils
15 port zones traded across QLD, NSW, VIC, SA and WA

Grain markets pause for breath

Australian grain markets took somewhat of a breather last week as buyers paused from pushing prices higher to accumulate grain, and growers were comfortable asking for higher prices with their grain offered for sale.

Australian grain prices have had a strong month or so, with gains made each week on the back of renewed offshore demand for Australian grains.

This has seen the export pipeline for Australian grain fill up through the back end of the year and exporters buying grain to cover it. The renewed export demand has had a trickle down effect to domestic buyers as they look to secure supply.

On top of the demand profile for Australian grain, we are also seeing some nervousness over Australian production for the coming harvest with many areas needing decent spring rain and some areas with crop potential already lost.

24 different buyers purchased wheat, barley, canola, sorghum, oats and lentils through Clear Grain Exchange last week. The number of buyers was down on recent weeks of mid 30s and over 40, however that isn't necessarily reflective of demand, with many more buyers searching for grain. They just couldn't pay the prices being asked for by growers.

APW1 and H2 wheat made up the majority of volume trading through NSW and QLD, BAR1 barley was the predominant grade trading in VIC, while SA and WA had a more even spread of grades and commodities trading through last week.

See the tables below displaying traded values by port zone on Clear Grain Exchange through last week.

The igrain market traded barley, maize, lupins, oats, faba beans and soybeans throughout NSW and SA on an ex-farm basis last week. Appetite by domestic users, traders and container traders for ex-farm grain remains robust as they look for options to satisfy demand.

If you have grain in warehouse or stored on-farm and a price in mind, be sure to offer your grain for sale on CGX or igrain so all buyers can see it and try to buy it. That's how you create demand for your grain.

See what traded below on CGX and login to your CGX or igrain accounts to see more price information.

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.