Jan 15, 2024

Weekly Grain Traded CGX - 15 January

CGX now own and operate the igrain market for grain stored on-farm

Growers showing buyers their grain prices - More growers are determined to show the market their sell price which is higher than current bids.
31 buyers met grower target prices to purchase 34 grades of wheat, barley, canola, faba beans, lentils, lupins and oats in 13 port zones last week.
CGX and igrain enable growers to offer grain for sale - Growers delivering to warehouse can offer grain for sale on CGX. Growers with grain on-farm can offer grain for sale on igrain and determine pickup/delivery timeframes.

31 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

31 buyers purchased grain on CGX - more were searching for grain
193 sellers sold grain through CGX across 274 transactions - more were offering grain for sale
9 agent and/or advisory businesses sold grain on behalf of growers
34 different grades traded
7 commodities - wheat, barley, canola, faba beans, lentils, lupins, oats
13 port zones traded across QLD, NSW, VIC, SA and WA WA

Growers setting their grain prices

The volume of grain offered for sale has been building in recent weeks with more growers comfortable offering their grain for sale at a price they will sell for.

Many offer prices are being set within the range of prices over the past two months, but the general consensus appears to be a lack of sellers at current buyer bids, particularly in the eastern states where price falls have been more pronounced.

In Western Australia, many prices have kicked higher as buyers jump up to meet grower price expectations and buy grain to cover their needs.

By growers offering their grain for sale, it provides buyers very clear price signals on where their price needs to be in order to purchase volume.

Demand for grain remains. Whilst buyers have pulled their bids back, they continue to search and look at parcels of grain offered for sale.

The amount of grain that will be exported and consumed domestically this year has not yet been bought, and whilst buyers may not be able to pay what some growers are wanting currently, markets move and they may be able to pay it in the future.

By buyers knowing the prices growers would sell for, it helps them do their job and keeps more buyers interested in trying to buy grain.

Growers have a say in the price of Australian grain and more growers appear determined to show the market their sell price.

Clear Grain Exchange and igrain provide an efficient and secure way to do this for grain in warehouse and on farm respectively.

Give it a go, there's no downside, so why wouldn't you!

See what traded on CGX last week below or login to your CGX or igrain accounts to see more price information.

The tables below provide a summary of traded prices on CGX between 8 Dec and 15 Jan.

Note: GTA location differentials are used to convert prices to a port equivalent price, actual freight rates can differ particularly in the eastern states. You can offer any grade for sale to create demand.