Feb 13, 2023

Weekly Grain Traded CGX - 13 February

Buyers active across Australia - 46 buyers purchased grain through CGX last week, more buyers were searching for grain offered for sale.
Many prices improved through the week - Buyers were pushing many prices higher around the country to secure grain offered by growers.
There is plenty of demand for Australian grain - If you have grain in warehouse, make sure you offer it - no matter what price.

46 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

46 buyers purchased grain on CGX - more were searching for grain
- 22 in NSW
- 17 in VIC
- 4 in QLD
- 14 in SA
- 29 in WA
854 sellers sold grain on CGX with more offering grain for sale
29 agent and/or advisory businesses sold grain on behalf of growers
63 different grades traded
8 commodities traded - wheat, barley, canola, oats, lupins, faba beans, lentils, chickpeas
16 port zones traded across QLD, NSW, VIC, SA and WA

Demand pushes grain prices

Demand for Australian grain continued to push prices higher last week. Buyers were actively seeking to accumulate and Australian growers were offering grain for sale at their price rather than hitting published cash bids. This saw prices for the majority of grades around Australia increase through last week as buyers outbid each other in order to reach grower target prices and secure the grain. The "CGX Market Almost Open" report, sent each morning before CGX's market open, reported more international trades of physical grain through last week at prices above equivalent prices to Australian growers. Remember, these comparisons don't account for any potential extra supply chain costs (such as delays and demurrage) which are incurred by Australian buyers and may impact their ability to price grower grain. The analysis however does provide another valuable price discovery tool for growers when considering how they will sell their grain. Australian grain is in demand! Just last week 46 different buyers purchased 385,564t of wheat, barley, canola, oats, chickpeas, faba beans, lentils and lupins in almost all port zones around Australia through Clear Grain Exchange. More buyers were searching for grain listed for sale! A summary of what traded is provided in the charts below. To see all trades and prices on Clear Grain Exchange make sure you login to your account. If you don't know your login, give our team a call. Take control of your grain price and offer it for sale on an independent and secure exchange so all buyers can see it and try to buy it.

How to offer ISCC canola on CGX

There appears to be some confusion from growers and their agents around offering canola for sale on CGX that was able to be ISCC declared.

If you are comfortable with the ISCC declaration on your canola, remember to offer the grade you have on CGX with the "EU" stamp included. Often buyers require this declaration to buy the canola offered, meaning you often expose your canola to more buyers by making this declaration.

For growers that are unsure of your obligations in regards to the ISCC declaration, and how it may impact the sales process of your offer on CGX, there is further information provided in your CGX account by clicking next to the grade. NGR can also assist with information about ISCC obligations.

As always if ever in doubt, please simply contact us at anytime for assistance.

If you have grain in warehouse, don't hide it - offer it for sale on CGX at the price you want!

You're completely anonymous at all times, you retain title of your grain until you're paid, it costs nothing to have your grain on offer, CGX charges are only incurred if it sells, and we always say to factor those costs into your sale price.

If you are a bit unsure of your selling price, start higher!

If you use the exchange correctly it can only add value to your business.

Login to your Clear Grain Exchange account to see what prices traded, search the market screens, and offer your grain for sale!

Click here to view recent trades and search the market