Nov 7, 2022

Weekly Grain Traded CGX - 07 November

Some nervousness in grain markets - Relentless wet weather in eastern Australia is rippling through the industry.
What price do you want for your grain? - By offering your grain for sale on an independent and secure grain exchange, it gives all buyers the opportunity to try and buy it + you’re protected by anonymity and secure settlement.
22/23 season grain is now trading on CGX - 22/23 season delivery periods are now open for trading on CGX, WA new season trading these past weeks.

19 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

19 buyers purchased grain on CGX - more searching
121 sellers sold grain on CGX with more offering grain for sale
12 agent and/or advisory businesses sold grain on behalf of growers
25 different grades traded
6 commodities traded - wheat, barley, canola, lupins, faba beans, oats
8 port zones traded across NSW, VIC, SA and WA

Some nervousness in grain markets

There's some apprehension in Australian grain markets at present. The impact of the relentless wet weather in Eastern Australia is rippling through the industry. Growers are worried about or confirming crop losses and in many cases are daunted by the prospect of getting the crop harvested and safely in the bin. Buyers are nervous over quality and how logistics may flow, and so are looking for some harvest to confirm the crop shape to be more confident in ramping-up their buying programs. The result was limited trade activity in the eastern states last week, but quite a high amount of appetite to trade in the west where harvest is underway despite some damaging storms last week also. What was trading in the east was old crop at strong values versus published bids given the uncertainty in new crop. In the west both old and new crop were actively trading. CBH continued to post firm bids at prices closer to international values for finite daily volumes which appears to be having some market impact. Many growers are trying to sell into the CBH bids each day and missing out given on most days the bids are filled within minutes. However more and more growers and their consultants are drawing the dots between them trying to sell into the CBH bid and the value of offering grain for sale at their sale price on Clear Grain Exchange. Clear Grain Exchange provides an efficient and secure way of getting your sale price out to all buyers so they can see it and have the opportunity to buy it. You're anonymous and secure for any grain offered for sale and/or sold on the exchange. You retain title until you get paid. Old crop APW1 traded $497/t Melbourne and $496/t Portland. H2 traded $537/t Portland and $530/t Kwinana. ASW1 was trading $440/t Melbourne and $438/t Portland and $380/t Kwinana. Feed barley traded $382/t Portland, $373/t Geelong, $360/t Pt Adelaide, $345/t Pt Kembla and $332/t Albany. Spartacus malt was over $400/t with Geelong trading $468/t. Canola was back at the $900/t level + oil in Kwinana, faba beans were $440/t Pt Adelaide, lupins traded $300/t and oats $280/t Kwinana respectively. New season 22/23 crop H2 sold for $500/t in Geraldton, ASW1 traded $380/t Kwinana, BFED1 $335/t Kwinana, and CAN1 was trading $900/t + oil bonifications in Kwinana early in the week. This is just a snippet of grain that traded last week. For a more comprehensive view of prices traded across all grades and locations please login to your Clear Grain Exchange account and search the market screens. Make sure you offer your grain for sale to all buyers so you can see the full reflection of demand. Let all buyers see your grain, crunch their numbers and try to buy it. Often there are more buyers than you may realise that want to try and buy your grain. Let's create the opportunity for them to have a go!

22/23 season grain open on CGX

22/23 season delivery periods are now open for trading on Clear Grain Exchange. The delivery periods released include:

Now - for any 22/23 season grain already delivered into warehouse
Nov22/Dec22 - for grain that will be delivered by November or December
Dec22/Jan23 - for grain that will be delivered by December or January
Jul23 - for those wishing to defer delivery on a grain contract until July 23

Note we're monitoring the harvest conditions and may open more delivery periods if required. Please remember if you sell grain for future delivery, you must deliver into the contract within that delivery period. We're always here to help if you want to discuss offering 22/23 season grain.

Click here to view recent trades and search the market