Weekly Grain Traded CGX - 16 May
Grain prices surge to new levels.... again! - 43 buyers purchased wheat, barley, canola, sorghum, lupins, peas, lentils - more searched grain offered.
All grades across all locations finding demand - See what values traded below. Australian grain remains competitive into international markets.
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.
When your grain is offered for sale on CGX all buyers can see it and try to purchase it.
Market stats for last week
43 buyers purchased grain on CGX - more searching
30 in Eastern States
9 in South Australia
20 in Western Australia
334 sellers sold grain on CGX with more offering grain for sale
19 agent and/or advisory businesses sold grain on behalf of growers
43 different grades traded
7 commodities traded - wheat, barley, canola, sorghum, lupins, peas, lentils
16 port zones traded across QLD, NSW, VIC, SA and WA
Grain prices surge to new levels - again
All grain values across all locations climbed through last week before a bullish USDA report released Thursday night saw grain prices continue the surge higher.
Australian grain remains in an enviable position while supplies from other global exporters remain constricted and uncertain into the back end of this year.
On top of this, in the last month the Australian dollar slid lower to 70 USc and international freight costs are holding firm as COVID disruptions continue. These further strengthen the competitiveness of Australian grains to our major export customers, particularly those in Asia given our closer proximity.
Local Australian prices are well supported now and remain competitive to win international business, however we still have huge discrepancies in prices across port zones.
Per the table below, APW1 has traded $531/t port in Port Adelaide versus $475/t in Melbourne, $455/t FIS in Kwinana as examples. These variations are typical across all grades of all commodities.
The difference in values is being driven by availability of the supply chain to access more export demand, buyers managing their cashflow at high prices creating spurts of demand, and very likely the availability and price growers are offering their grain for sale.
There is often more value available than the price being bid. There are also often more buyers that want your grain than you may realise.
Growers should remember that just like a buyer can show their bid price a grower can show their offer price.
Offer your grain for sale to all buyers securely with Clear Grain Exchange and ensure you sell at it’s full value.
Traded values from last week on a port equivalent basis are provided below.
Note the variability between grades and port zones
it can be extreme - set your price.
The charts below provide a summary of what traded last week.
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