Aug 7, 2023

Weekly Grain Traded CGX - 07 August

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

Barley prices jump on China news - 30 buyers bought 129,515t of barley on CGX last week with offers trading up to higher prices as buyers were scrambling to outbid each other and secure the grain.
There was a positive tone in prices of other commodities - 42 buyers purchased wheat, barley, canola, oats, lupins chickpeas and peas.
If you have grain in warehouse, offer it for sale at your target price - CGX and igrain gives growers control to set their price for their grain.

42 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

42 buyers purchased grain on CGX - more were searching for grain
- 17 in NSW & QLD
- 13 in VIC
- 10 in SA
- 22 in WA
371 sellers sold grain through CGX across 547 transactions - more were offering grain for sale
19 agent and/or advisory businesses sold grain on behalf of growers
42 different grades traded
7 commodities - wheat, barley, canola, oats, lupins, chickpeas, peas
16 port zones traded across QLD, NSW, VIC, SA and WA

Barley jumps $30-40/t

Australian barley prices led the charge higher at the end of last week after China announced the removal of their tariffs on Australian barley imports. Market commentators were quoting the Chinese market at a $30-40/t premium over prices Australian barley had been trading into other parts of the world, and that appeared to come to fruition very quickly after the announcement. 30 buyers bought barley on Clear Grain Exchange (CGX) last week, with 25 buyers actively purchasing feed and malt barley on Friday. Prices improved significantly with feed barley in WA increasing by $27/t in the Kwinana port zone from $306/t on Thursday to $333/t on Friday, whilst in the Melbourne zone prices improved $40/t for the week. On Friday buyer activity was particularly strong with 115,000t of barley trading on CGX. Offer prices were trading up to higher bids as buyers were scrambling to outbid each other and secure grain. The positive tone in prices extended across other commodities through last week as buyers remained active in securing Australian grain as uncertainty remains in other major exporting countries around the world. 23 buyers purchased 16 grades of wheat through CGX last week with more searching for grain offered for sale across QLD, NSW, VIC, SA and WA. Canola, oats, chickpeas and peas were also attracting interest with buyers matching grower target prices to get hold of the grain. Feed barley stored on farm was also trading through the igrain market last week as buyers actively sought out barley offers listed for sale. BAR1, BAR2 and BAR3 barley equivalent grades traded throughout NSW on an ex-farm basis. APW1 multigrade wheat contracts, along with oats and lupins offered for sale on igrain were also finding buyers to match the sellers expectations on an ex-farm basis. Demand remains robust across Australia for all grades and commodities. If you have 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.