Jun 13, 2022

Weekly Grain Traded CGX - 13 June

30 buyers purchased grain last week - 22 different grades of wheat, barley, canola, lupins and sorghum traded on CGX last week.
Appetite for Australian grain remains strong - Almost all commodities, grades and locations are being searched and considered by buyers.
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 30 buyers of grain on CGX — 30 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 stats for last week

30 buyers purchased grain on CGX - more searching
62 sellers sold grain on CGX with more offering grain for sale
11 agent and/or advisory businesses sold grain on behalf of growers
21 different grades traded
5 commodities traded - wheat, barley, canola, lupins, sorghum
9 port zones traded across QLD, NSW, VIC, SA and WA

Grain prices improve over the week

30 buyers purchased 22 different grades of wheat, barley, canola, lupins and sorghum through CGX last week with more searching for grain on offer. Wheat grades made up 58% of all tonnes traded, barley 28%, lupins 13%, with canola and sorghum making up the balance. APW1 wheat traded $485/t Kwinana, $481/t Melbourne, and $474/t Pt Kembla as examples. H2 continued to trade in the $500s, while the lower grades are discounted to the milling grade wheats. Barley made up a higher proportion of tonnes sold through the eastern states with malt grades achieving premiums to feed. Commander barley traded $504/t Pt Adelaide as an example. Lupins were also in demand in the west consistently trading $355/t in Kwinana over the week. Appetite for Australian grain remains strong with almost all commodities, grades and locations being searched and considered by buyers for purchase. Sometimes the demand can be unpredictable. If you have grain in warehouse and a price in mind, make sure you've offered it for sale at the price you're targeting. There are often more buyers than you realise trying to purchase grain. Make sure you give all of them the opportunity to buy your grain. You're protected at all times with anonymity and secure settlement.