Feb 6, 2023

Weekly Grain Traded CGX - 06 February

Australian grain hotly sought after - 46 buyers purchased grain through CGX last week, more buyers were searching for grain offered for sale.
Many prices improved through the week - Buyers were pushing many prices higher around the country to secure grain offered by growers.
There is plenty of demand for Australian grain - If you have grain in warehouse, make sure you offer it - no matter what price.

46 buyer businesses purchased grain through Clear Grain Exchange (CGX) in the week before Christmas, 26 buyers purchased through CGX between Christmas and the New Year - 47 in total for the period. 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

46 buyers purchased grain on CGX - more were searching for grain
- 18 in NSW
- 13 in VIC
- 1 in QLD
- 12 in SA
- 26 in WA
517 sellers sold grain on CGX with more offering grain for sale
25 agent and/or advisory businesses sold grain on behalf of growers
45 different grades traded
6 commodities traded - wheat, barley, canola, oats, lupins, faba beans
16 port zones traded across QLD, NSW, VIC, SA and WA

Australian grain hotly sought after

Volumes traded picked up last week on Clear Grain Exchange as buyers stepped up to match prices where many growers were offering. ASW1 made up the majority of grain trading across most port zones with a number of reports indicating lower grades are making up a high proportion of current shipments. Quotes from the "CGX Market Almost Open" report sent each morning before market open, indicate feed wheat has been sold off-shore recently at values above Australian grower prices. Hence there may be some room to move in price when buyers are searching for grades they need. Higher protein wheats were sought after and trading through NSW with APH2, H2 and AUH2 making up 24%, 20% and 18% respectively of all grain traded in the state last week. There was a higher proportion of barley trading through Victoria with malt grades continuing to attract attention and trading $70/t better than feed. APW1 and ASW1 wheat was also sought after making up 14% and 16% respectively of all grain traded in Victoria last week. As we move to the south and west, ASW1 wheat was the dominant grade trading making up 51% and 53% of all grain trading through SA and WA respectively. There was plenty of demand for other grades across SA and WA with 17 and 24 grades trading in those states respectively. But the volume was definitely sitting behind the ASW1 bids and it was well sought after with 5 and 11 buyers in SA and WA respectively purchasing just ASW1 grade wheat! This saw those values lead others higher over the week. There are plenty of buyers that want Australian grain. Just last week 46 different buyers purchased grain offered on CGX with more searching for grain. For a complete view of grain traded through Clear Grain Exchange make sure you login to your account. If you don't know your login give our team a call. Take control of your grain price and offer it for sale on an independent and secure exchange so all buyers can see it and try to buy it.

How to offer ISCC canola on CGX

There appears to be some confusion from growers and their agents around offering canola for sale on CGX that was able to be ISCC declared.

If you are comfortable with the ISCC declaration on your canola, remember to offer the grade you have on CGX with the "EU" stamp included. Often buyers require this declaration to buy the canola offered, meaning you often expose your canola to more buyers by making this declaration.

For growers that are unsure of your obligations in regards to the ISCC declaration, and how it may impact the sales process of your offer on CGX, there is further information provided in your CGX account by clicking next to the grade. NGR can also assist with information about ISCC obligations.

As always if ever in doubt, please simply contact us at anytime for assistance.

If you have grain in warehouse, don't hide it - offer it for sale on CGX at the price you want!

You're completely anonymous at all times, you retain title of your grain until you're paid, it costs nothing to have your grain on offer, CGX charges are only incurred if it sells, and we always say to factor those costs into your sale price.

If you are a bit unsure of your selling price, start higher!

If you use the exchange correctly it can only add value to your business.

Login to your Clear Grain Exchange account to see what prices traded, search the market screens, and offer your grain for sale!

Click here to view recent trades and search the market