Aug 8, 2022

Weekly Grain Traded CGX - 08 August

Barley prices hold relative to other commodities - Barley was a higher proportion of grain traded as prices held relative to others.
21 buyers purchased wheat, barley, canola, sorghum, lupins and oats - More buyers continue to search for grain to try and buy.
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.

graph with 21 buyers purchased grain on CGX — 21 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.

Grain market statistics for last week

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

Barley prices hold relative to others

Barley made up a higher proportion of all grain traded on CGX last week at 35%, while wheat grades continued to make up the majority of grain sold at 51%. Barley values have held ground better than other commodities generally which is likely reflecting the higher amounts traded as a percentage of all grain sold through the exchange. Feed barley sold for $359/t track Melbourne, Geelong traded $348/t, and Kwinana was trading $340/t FIS. Bass and spartacus malt grades were trading a $10/t premium to feed in Kwinana last week. High protein H1 grade wheat was trading $506/t track Port Adelaide last week while traded values for the major grades continued to slip lower. ASW1 wheat traded $412/t Kwinana, $410/t Port Adelaide and $386/t Melbourne. APW1 was making $431/t Port Adelaide and $409/t Portland, while stock feed wheat traded $385/t Geelong and $346/t Port Kembla. Sorghum traded $334/t track Brisbane with SOR2 trading a discount of $30-40/t. Canola made $930/t in Port Adelaide + oil bonifications and Geelong was trading $858/t + oil. Oats traded $305/t FIS in Kwinana with OAT2 discounted approx $30/t, while lupins have slipped to trade $285/t Kwinana last week. The volumes trading on the exchange reflect the make up of grain offered for sale with the majority of that being wheat grades. Prices have come back yet buyers continue to search for grain to try and buy. In many cases they can't find the grain they want or are not able to pay what the seller is asking! If you have grain in warehoused systems make sure you offer it 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. For a more comprehensive view of prices traded across all grades and locations make sure you login to your Clear Grain Exchange account and search the market screens.