Nov 14, 2022

Weekly Grain Traded CGX - 14 November

Uncertainty in Australian grain markets - Most of the trade volume on CGX last week was in the west with both new crop and old crop trading.
What price do you want for your grain? - By offering your grain for sale on an independent and secure grain exchange, it gives all buyers opportunity to try and buy it + you’re protected by anonymity and secure settlement.
22/23 season grain is now trading on CGX - 22/23 season delivery periods are now open for trading on CGX, WA new season trading these past weeks.

21 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

21 buyers purchased grain on CGX - more searching
61 sellers sold grain on CGX with more offering grain for sale
9 agent and/or advisory businesses sold grain on behalf of growers
15 different grades traded
7 commodities traded - wheat, barley, canola, lupins, faba beans, oats
10 port zones traded across QLD, NSW, VIC, SA and WA

Grain markets trading in the west

Unrelenting rain in eastern Australia and disruptive rains in the west continue to cause uncertainty across Australian grain markets. The result was most of the trade volume on Clear Grain Exchange (CGX) last week was in the west with both new crop and old crop trading. There was lower volumes trading in the eastern states as the harvest keeps getting delayed in many areas and uncertainty over crop availability is seeing growers and buyers having to sit on their hands in many cases. Notably buyers are actively looking at what grain is being offered on the exchange which shows the appetite to buy grain if they can see it. For growers in WA that are trying to sell into the CBH bids each day and missing out given on most days the bids are filled within minutes, you can also offer grain for sale at those prices on CGX so all buyers can see it and try to buy it. Once you've determined what price you're willing to sell for - get it up on offer on CGX! CGX provides an efficient and secure way of getting your sale price out to all buyers so they can see it and have the opportunity to buy it. You're anonymous and secure for any grain offered for sale and/or sold on the exchange. You retain title until you get paid. ASW1 wheat in Western Australia made up a large amount of the volume that traded on CGX last week. New season ASW1 was trading $400/t while ASW9 traded $420/t. H2 made $500/t, new season oats traded $300/t and CAN1 sold for $900/t + oil bonifications. In other parts of the country, old crop ASW1 traded $476/t in Pt Adelaide and $410/t in Pt Kembla. APW1 wheat was trading $498/t Geelong, $496/t Newcastle, and $475/t in Pt Kembla. H2 was $533/t Geelong and $513/t Pt Adelaide, while stock feed wheat traded $339/t Melbourne. Canola, chickpeas, faba beans, lupins and oats were also trading. For a more comprehensive view of prices traded across all grades and locations please login to your Clear Grain Exchange account and search the market screens. Make sure you offer your grain for sale to all buyers so you can see the full reflection of demand. Let all buyers see your grain, crunch their numbers and try to buy it. Often there are more buyers than you may realise that want to try and buy your grain. Let's create the opportunity for them to have a go!

22/23 season grain open on CGX

22/23 season delivery periods are now open for trading on Clear Grain Exchange. The delivery periods released include:

Now - for any 22/23 season grain already delivered into warehouse
Nov22/Dec22 - for grain that will be delivered by November or December
Dec22/Jan23 - for grain that will be delivered by December or January
Jul23 - for those wishing to defer delivery on a grain contract until July 23

Note we're monitoring the harvest conditions and may open more delivery periods if required. Please remember if you sell grain for future delivery, you must deliver into the contract within that delivery period. We're always here to help if you want to discuss offering 22/23 season grain.

Click here to view recent trades and search the market