Jul 18, 2022

Weekly Grain Traded CGX - 18 July

Surge in demand for wheat - Almost all wheat grades (milling, feed and noodle) were trading strongly last week, particularly in the west.
Create demand for your grain - 29 buyers purchased wheat, barley, sorghum, oats and lupins last week. There's appetite to buy grain.
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.

graph with 29 buyers purchased grain — 29 different buyers 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

29 buyers purchased grain on CGX - more searching
127 sellers sold grain on CGX with more offering grain for sale
13 agent and/or advisory businesses sold grain on behalf of growers
24 different grades traded
5 commodities traded - wheat, barley, sorghum, oats, lupins
9 port zones traded across NSW, VIC and WA

Lift in demand for wheat grades

There was a surge in demand for wheat in the west last week. The demand spread across all grades with H1 through to AGP1 trading across Kwinana, Albany, Geraldton and Esperance port zones. H2 wheat traded $505/t Kwinana, ANW1 traded $500/t Kwinana, APW1 traded $475/t Kwinana, $485/t Geraldton, APW2 and ASW1 was trading $480/t in Esperance, $455/t and $430/t respectively in Kwinana, while AGP1 was also trading $430/t Kwinana. Demand for wheat was also evident on the eastern seaboard with almost all milling grades trading along with off-spec and feed grades. H1 traded $516/t Melbourne, APW1 traded $451/t Melbourne, ASW1 was $423/t Kembla, $420/t Melbourne and SFW1 traded $367/t Kembla as examples. For a more comprehensive view of prices traded across all grades and locations make sure you login to your Clear Grain Exchange account and search the market screens. Barley grades were also selling across the country with malt grades mostly trading for the same money as feed, though Spartacus did trade $416/t Melbourne versus BAR1 at $368/t in Geelong. Feed barley was trading $350/t in Western Australia. Sorghum is also attracting demand in the Newcastle zone trading $340/t, though growers with sorghum in warehouse should be getting it on offer for sale to better discover the real price. Lupins were trading $330/t last week and Oats $325/t in the Kwinana port zone. 29 different buyers purchased grain offered for sale on the exchange last week with many more searching for grain. There is plenty of appetite to buy grain. If you have grain left in warehouse to sell, make sure you offer it for sale on CGX so all buyers can see it, crunch their numbers and try to buy it. Create demand for your grain by offering it for sale, don't just accept published bids!