Jul 10, 2023

Weekly Grain Traded CGX - 10 July

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

Activity increases on buyer demand - Both warehouse and exfarm grain was trading across the country with buyers actively searching grain.
Demand for canola heated up - Canola made up 30% of all grain traded through CGX last week as prices improved with international futures.
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.

37 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

37 buyers purchased grain on CGX (41 the week prior) - more were searching for grain
- 15 in NSW
- 7 in VIC
- 2 in QLD
- 8 in SA
- 18 in WA
143 sellers sold grain through CGX across 207 transactions - more were offering grain for sale
6 agent and/or advisory businesses sold grain on behalf of growers
44 different grades traded
7 commodities - wheat, barley, canola, oats, lupins, lentils, faba beans
15 port zones traded across QLD, NSW, VIC, SA and WA

Activity increases on buyer demand

There was a lot of activity on Clear Grain Exchange in the first week of the new financial year. Growers were offering grain for sale at the price they wanted and buyers were actively searching, bidding and buying grain offered for sale. 37 different buyers bought 44 different grades of wheat, barley, canola, oats, lupins, lentils and faba beans across 15 port zones around Australia. Most price trading ranges were relatively narrow for cereal grains with some improvement towards the end of the week. Canola however saw some reasonable volatility with traded values following international futures higher over the week. Wheat made up 42% of all grain traded nationally with 14 different wheat grades trading from high protein APH2, right down through the cascade of grades to SFW1. Noodle grades were also finding homes in the west. All canola grades were trading in volume across all states last week as growers were achieving their target prices with the lift in values. Feed barley continued to be stable to stronger with price spreads between states partly reflecting the movement of barley from WA to QLD, while the minor crops of oats and pulses remain active and are creating opportunity for those looking to price them. In the igrain market feed wheat was trading in Riverina NSW and northern mallee VIC ex-farm last week. Feed barley was also trading in northern mallee VIC, while peas were trading in northern mallee VIC and Wudinna SA, and faba beans found a price near Keith SA, all on an ex-farm basis. If you have grain for sale, be sure to have it on offer to create demand for it. You set the price - don't miss any opportunities. 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.