Dec 19, 2022

Weekly Grain Traded CGX - 19 December

Australian grain is in demand - 30 buyers bought wheat, barley, canola, oats, lupins, lentils and peas last week with more searching for grain on offer.
Offer your grain for sale rather than hitting a cash bid - Australian grain does not need to get cheaper to remain competitive into international markets.
There is plenty of demand for Australian grain - OFFER your grain for sale at a price and let ALL BUYERS try to buy it.

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 searching
219 sellers sold grain on CGX with more offering grain for sale
14 agent and/or advisory businesses sold grain on behalf of growers
30 different grades traded
7 commodities traded - wheat, barley, canola, oats, lupins, peas, lentils
16 port zones traded across QLD, NSW, VIC, SA and WA

Australian grain is in demand

30 different buyer businesses purchased wheat, barley, canola, oats, lupins, lentils and peas last week across 16 port zones around Australia. There is demand for your grain. Plenty of grain is still to be bought for export and domestic use around Australia. Many analysts have reported that Australian grain does not need to get cheaper to be competitive into international markets. In fact, there is room for upside in Australian prices. Growers and their agents have the power to ask for a price, rather than simply accepting a price. Rather than hitting cash bids as you deliver grain this harvest, consider delivering grain into warehouse and offering your grain at a price you feel is fair value. There is often better value and more buyers for your grain than you may realise. Last week APW1 wheat traded $465/t in Kwinana, $420/t Port Adelaide and $387/t Port Kembla and Newcastle as examples. ASW1 was trading $391/t Brisbane, $385/t Port Kembla, $377/t Melbourne and Thevenard, and $353/t Geraldton. H2 wheat traded $600/t in Kwinana, $498/t Geraldton, $439/t Port Kembla and $436/t Port Adelaide. AH9 was making $369/t Port Kembla while stock feed wheat was trading $389/t Brisbane, $378/t Port Kembla and $377/t Newcastle. This is just a snippet of what traded last week. Login to your Clear Grain Exchange account to see what prices traded, search the market screens, and offer your grain for sale!

CGX operating at your site

Clear Grain Exchange operates at 26 different grain bulk handling businesses around Australia covering hundreds of storage sites.

The Sheel grain storage site at Telford (just south of Yarrawonga) in Victoria was set up recently on Clear Grain Exchange.

This means growers delivering to Sheel are now able to offer their grain for sale at the price they want to all buyers securely.

Check out our website to find out if you can offer grain on the exchange at your local site. If your site isn't registered on the exchange, get in touch and we can follow-up!