Jul 12, 2022

Weekly Grain Traded CGX - 11 July

Australian grain prices hard to gauge - Published bids have come down a lot but trade prices are often much higher on lower volumes.
Create your grain price by offering it for sale - 21 buyers purchased wheat, barley, sorghum and oats last week, more were searching.
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.

21 buyers of 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
62 sellers sold grain on CGX with more offering grain for sale
7 agent and/or advisory businesses sold grain on behalf of growers
14 different grades traded
4 commodities traded - wheat, barley, sorghum, oats
7 port zones traded across NSW, VIC and WA

Create your grain price - offer!

CBOT wheat futures continued to push lower at the start of the week before a couple of strong sessions saw it close higher for the week. The first time in a month. Trading of cargoes in international markets has been active through north Africa and the middle east in recent weeks with those traditional large importers stepping up to secure volume. Locally here in Australia the market price has been harder to gauge with less volume trading. Published bids advertised by buyers have pulled back significantly and many buyers appear to be patient. Grain that is trading continues to be at much better values than the published bids, and often firm bids are being placed on grain offered for sale on CGX much higher than those published bids. 21 different buyers purchased grain offered for sale on the exchange last week with many more searching for grain. Hence there is still appetite, the market is just trying to work out at what price. If you have grain left in warehouse to sell, make sure you offer it for sale to all buyers so you can create your own price discovery. Don't just accept published bids! APW1 wheat traded $450/t in Kwinana and $438/t Geelong. ASW1 wheat traded $410 Kwinana and $411/t Melbourne. H1 is still making over $500/t across Australia. Feed barley was making $360 Kwinana and $323 Kembla. Sorghum traded $334 Newcastle as examples. Click the link below to search all trades.