Mar 13, 2023

Weekly Grain Traded CGX - 13 March

Demand for Australian grain remains robust - 43 different buyer businesses purchased grain through Clear Grain Exchange last week.
Demand was in all states for all commodities - Wheat, barley, canola, oats, lupins, lentils and faba beans traded with plenty of buyers in all states.
If you have grain in warehouse, make sure you offer it for sale on CGX - It is the best way to sell warehoused grain!

43 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

43 buyers purchased grain on CGX - more were searching for grain
- 19 in NSW
- 14 in VIC
- 2 in QLD
- 13 in SA
- 19 in WA
216 sellers sold grain on CGX with more offering grain for sale
15 agent and/or advisory businesses sold grain on behalf of growers
44 different grades traded
7 commodities traded - wheat, barley, canola, oats, lupins, lentils & faba beans
14 port zones traded across QLD, NSW, VIC, SA and WA

Have you joined the CGX Footy Tipping competition yet?

The first AFL game is not far away make sure you register and get your tips in! Fun prizes for the winners + random weekly prizes to be won You just need a CGX account to join Get involved and be the best tipper in the Australian grain industry! #yourgrainyourfooty #yourCGXfootytipping #CGXIndependentAndSecure #CGXAFL

Buyers searching to buy grain

Demand for Australian grain remains robust, evidenced by 43 different buyer businesses purchasing grain through Clear Grain Exchange last week. The demand for grain was healthy across all states with 19 different buyers in NSW, 14 in VIC, 2 in QLD, 13 in SA, and 19 in WA. There were more buyers searching grain offered for sale but were not able to find grain they wanted, or it was offered at a price that was a bit high for them last week. Hence underlying demand for Australian grain remains strong and generally prices of Australian grain that is trading are holding well against falling international futures prices. Growers "offering" their grain for sale, rather than hitting published cash bids, are helping to achieve this. When you offer your grain for sale on Clear Grain Exchange every buyer can see it and try to buy it, plus you're protected by anonymity and secure settlement. Your grain can't sell if buyers can't see it and don't know it exists! Hence if you know the price you want to sell at, offer your grain at that price. By doing so it helps create demand for your grain because buyers can see it, crunch their numbers and try to buy it. That's how you can create value for your grain. Grain is regularly trading at prices much higher than best published bids. If you would prefer to defer sales until later in the year, you can offer grain for sale in future delivery months such as July. That means you can lock in your price now, but deliver grain and receive payment in your nominated future delivery month. See charts below of what traded last week. For a more comprehensive view of what traded + bids and offers in the market, simply login to your CGX account.

AND IF YOU'RE AN AFL FAN - REMEMBER TO JOIN THE CGX FOOTY TIPPING COMPETITION

Do you want to sell but defer delivery and payment?

For growers who want to defer delivery and payment of their grain, you can offer grain at the price you want for delivery in future months. For example, many growers use the future delivery period on CGX to offer warehoused grain for sale with delivery in July. This allows growers to better manage cashflow, price risk, and benefit from any carry that may be paid in the market.