Jul 17, 2023

Weekly Grain Traded CGX - 17 July

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

Demand for Australian grain remained robust - there was healthy demand for grain across Australia last week seeing prices hold firm.
Barley, wheat, canola, faba beans, lupins, lentils and oats trading - 38 grades across QLD, NSW, VIC, SA and WA made up 62,000t traded on CGX and igrain last week.
If you have grain in warehouse, offer it for sale at your target price - CGX and igrain gives growers control to set their price for their grain.

30 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

30 buyers purchased grain on CGX - more were searching for grain
- 9 in NSW & QLD
- 12 in VIC
- 11 in SA
- 15 in WA
159 sellers sold grain through CGX across 222 transactions - more were offering grain for sale
11 agent and/or advisory businesses sold grain on behalf of growers
38 different grades traded
7 commodities - wheat, barley, canola, oats, lupins, lentils, faba beans
14 port zones traded across QLD, NSW, VIC, SA and WA

Demand for grain remains resilient

Barley made up 46% of all grain traded last week through Clear Grain Exchange with 14 buyers purchasing the commodity across Victoria, SA and WA as demand and prices remain resilient. Wheat grades contributed 32% of all grain traded with 16 different buyers purchasing 11 different grades across all states. Many grades managed to lift in price from the previous week despite weakness reported in offshore markets. Canola prices continued to move higher through last week with volumes trading right around Australia as growers achieve their target sales prices. 9 different buyers purchased all grades of canola which made up 17% of all grain traded. Oat and pulse prices also remained resilient across the week with 7 buyers purchasing oats, lupins, lentils and faba beans. On igrain lower grades of wheat such as ASW1 and AGP1 traded in Donald VIC and Temora NSW ex-farm respectively. Feed barley was also trading around Parkes NSW ex-farm. Buyers were actively seeking lower grades of wheat and barley, along with oats, lupins and lentils through NSW, VIC and SA on igrain through the week. Demand for Australian grain remains robust across Australia. If you have a price in mind be sure to offer your grain for sale on CGX or igrain so all buyers can see it and try to buy it. That's how you create demand for your grain. See what traded below on CGX and login to your CGX or igrain accounts to see more price information.

The tables below provide a summary of traded prices 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.