Sep 16

Weekly Grain Traded CGX - 16 September

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

Price strength continued in grain markets last week - Barley saw significant price rises along with other grains as buyers bid up.
Growers can set a price for new season grain sales - Season 24/25 grain can now be offered for sale for those planning for harvest cashflow.
32 buyers met grower prices to purchase 30 grades - Wheat, barley, canola, lentils, lupins and sorghum traded in 11 port zones across Australia.
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.

27 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale. — 32 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.

Market stats for last week

32 buyers purchased grain on CGX - more were searching for grain
- 10 in QLD and NSW
- 15 in VIC
- 7 in SA
- 14 in WA
128 sellers sold grain through CGX across 195 transactions - more were offering grain for sale
12 agent and/or advisory businesses sold grain on behalf of growers
30 different grades traded
6 commodities - Wheat, barley, canola, lentils, lupins and sorghum
11 port zones traded across QLD, NSW, VIC, SA and WA

Demand and prices increase

Price strength continued in grain markets broadly last week as hot and dryer weather in many parts of Australia bite into crop production.

Additionally offshore demand for grains has continued to improve in recent weeks which is a significant change in narrative from weak demand months ago.

"It's not in the bin until it's in the bin" and it appeared buyers took heed of this through last week with both domestic buyers and international traders actively engaged in pushing prices to higher levels in order to buy grain.

Barley saw significant price rises with buyers bidding up to grower offer prices to secure the grain. 14 buyers purchased barley through CGX just last week.

Wheat values were also stronger generally as buyers sought some cover. 20 buyers purchased 10 grades of wheat through CGX just last week.

Canola, lentils, lupins and sorghum also traded at stronger values making up 5% of all grain traded through Clear Grain Exchange (warehouse) last week.

Grain stored on-farm was also attracting buyer demand and seeing a lift in prices with wheat, lupins and oats trading across the eastern states and Western Australia.

By OFFERING your grain for sale at the price you believe it's worth, or the price you want for it, on CGX (warehoused grain) or igrain (on-farm grain), every buyer in the market can see it and try to buy it.

This creates demand for your grain and often it will sell at prices you didn't think were available at the time.

It's free to have your grain on offer and you can edit or cancel your offer at anytime before it trades. Plus you're anonymous and protected by best-in-class contract settlement if your grain sells.

There is no downside in offering your grain for sale on CGX (if in warehouse) or igrain (if stored on farm) - only upside!

For those thinking about making grain sales for the coming harvest to manage cashflow, you can now offer your grain for sale for Nov/Dec and Dec/Jan delivery on CGX.

Simply login to your CGX account or call the team on 1800000410.

A summary of what traded on CGX last week is provided in the charts and table below. See more prices of what traded by logging in to your CGX or igrain accounts.

The tables below provide a summary of traded prices on CGX last week

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.