Jun 19, 2023

Weekly Grain Traded CGX - 19 June

Grain continues to trade across Australia - Whatever the drivers, buyers continue to be active in trying to secure grain.
Agents using the exchange to generate value for clients - 15 agent/advisory businesses sold grain through CGX for their clients last week.
If you have grain in warehouse, offer it for sale at your target price - Help buyers find your grain, crunch their numbers and try to buy it!

36 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

36 buyers purchased grain on CGX - more were searching for grain
- 13 in NSW & QLD
- 12 in VIC
- 8 in SA
- 19 in WA
207 sellers sold grain on CGX with more offering grain for sale
15 agent and/or advisory businesses sold grain on behalf of growers
35 different grades traded
6 commodities - wheat, barley, canola, oats, lupins, faba beans
13 port zones traded across QLD, NSW, VIC, SA and WA

Grain remains in demand

Grain continues to trade across Australia. 36 different buyer businesses purchased 35 grades of wheat, barley, canola, oats, lupins and faba beans across 13 port zones in Queensland, New South Wales, Victoria, South Australia and Western Australia. Whatever the drivers, buyers continue to be active in trying to secure grain, and on many occasions have been able to pay what growers are asking in order to buy it. Buyers have also been actively bidding on parcels of grain offered for sale on the exchange, showing sellers what they are able to pay on the day which has often been well above best published bids. Some growers have then adjusted their prices to sell their grain while others are happy to hold their target prices. Even if you can't see a bid on your grain, there are plenty of buyers searching and crunching their numbers to see if they can buy it. Make sure you have your grain on offer so ALL BUYERS can try to buy it! You're protected by SECURE SETTLEMENT and ANONYMITY. H2 wheat and BAR1 barley were the dominant grades trading through NSW and QLD with 9 grades in total trading. In Victoria ASW1 and H2 wheat along with CANS canola made up 62% of all volume traded with 12 different grades trading. ASW1 made up 36% of all volume trading through SA with APW1 wheat (12%) and CANO EU (12%) also prominent. 13 different grades traded in total across the self proclaimed "great state" last week. In the west ASW1 wheat and BFED1 barley were the prominent grades trading, followed by ASW9 wheat and MAXI1 malt barley also in demand. 15 different grades in total traded across WA. See what traded below and login to your CGX account to see more price information.

Do you want to sell but defer delivery and payment? Check our article to learn more.

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.