Aug 21, 2023

Weekly Grain Traded CGX - 21 August

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

Australian grain prices continued to push higher - Buyers continued to actively seek grain offered for sale on CGX and igrain by pushing their bids higher.
If you use an agent they can access CGX on your behalf - 19 agent and/or advisory businesses sold grain on behalf of growers through CGX.
If you have grain in warehouse or stored on-farm, offer it for sale at your price - CGX and igrain enables growers to set the price for their grain.

34 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

34 buyers purchased grain on CGX - more were searching for grain
- 16 in VIC
- 16 in NSW
- 2 in QLD
- 11 in SA
- 18 in WA
316 sellers sold grain through CGX across 430 transactions - more were offering grain for sale
19 agent and/or advisory businesses sold grain on behalf of growers
36 different grades traded
7 commodities - wheat, barley, canola, lupins, lentils, peas, faba beans
15 port zones traded across QLD, NSW, VIC, SA and WA

Australian prices pushed higher

Prices for many Australian grains continued to push higher last week despite continued weakness in offshore futures markets.

Demand for Australian grain has been strong over the past 6 or so weeks with buyers actively seeking grain offered for sale and pushing their bids up to try and buy it.

This has seen many growers achieve their target prices and sell their remaining old season grain from warehouse, or sell into the rising market whilst also offering more for sale at higher prices.

Weakness in the Australian dollar over the last month along with increased uncertainty of supply from Russia, China back buying barley, and India becoming more likely to feature as an importer are all factors underpinning Australian grain prices.

The world still needs Australian grain. 34 different buyers purchased 36 grades of grain through Clear Grain Exchange last week with more searching for grain to try and buy.

Wheat grades made up the majority of volume trading through New South Wales, Queensland and Western Australia last week, while barley grades were prominent through Victoria and South Australia.

See the tables below displaying traded values by port zone on Clear Grain Exchange through last week.

Grain stored on farm was also trading in earnest through the igrain market last week.

Various grades of wheat, barley, maize, lupins, faba beans and peas traded on an ex-farm basis throughout NSW and VIC last week.

If you have grain in warehouse or stored on-farm and 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.