Jan 9, 2023

Weekly Grain Traded CGX - 09 January

Many prices increased last week as growers OFFER their grain for sale - Growers are actively listing grain for sale at the price they want rather than hitting published bids.
34 buyers purchased wheat, barley, canola, oats and lupins - Australian grain does not need to get cheaper to remain competitive into international markets.
There is plenty of demand for Australian grain - Whatever the grade, OFFER your grain for sale at a price and let ALL BUYERS try to buy it.

34 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

34 buyers purchased grain on CGX - more searching
435 sellers sold grain on CGX with more offering grain for sale
19 agent and/or advisory businesses sold grain on behalf of growers
38 different grades traded
5 commodities traded - wheat, barley, canola, oats, lupins
13 port zones traded across QLD, NSW, VIC, SA and WA

Prices improve as growers OFFER

Australian growers were actively offering their grain for sale over the past week at prices they were willing to sell for. This seemed to have the desired effect with traded prices of many grades increasing to reach the prices growers were asking. This was despite CBOT wheat futures and other global indicators falling over the week. 34 different buyer businesses purchased wheat, barley, canola, oats and lupins over the past week across 13 port zones around Australia, more were searching grain offered for sale. There is plenty of demand for Australian grain no matter what the grade is or where it is located, buyers are looking for grain offered on CGX so they can crunch their numbers and try to make something work. Many analysts have commented that Australian grain does not need to get cheaper to be competitive into international markets, in fact there is room for upside. If growers keep OFFERING their grain for sale at the price they deem is fair value or a price they are willing to sell for, they are likely to be able to achieve better prices. Growers and their agents have the power to ask for a price, rather than simply accepting a price. Rather than hitting cash bids as you deliver grain this harvest, consider delivering grain into warehouse and offering your grain at a price you feel is fair value. There is often better value and more buyers for your grain than you may realise. The below table provides prices traded on Clear Grain Exchange through last week by grade and port zone. Login to your Clear Grain Exchange account to see what prices traded, search the market screens, and offer your grain for sale!

Grain prices ins Eastern States, South Australia and Western Australia

CGX operating at your site

Clear Grain Exchange operates at 26 different grain bulk handling businesses around Australia covering hundreds of storage sites.

The Sheel grain storage site at Telford (just south of Yarrawonga) in Victoria was set up recently on Clear Grain Exchange.

This means growers delivering to Sheel are now able to offer their grain for sale at the price they want to all buyers securely.

Check out our website to find out if you can offer grain on the exchange at your local site. If your site isn't registered on the exchange, get in touch and we can follow-up!