Weekly Grain Traded CGX - 21 February
Trading Highlights
102,253t traded through CGX last Monday creating another record trade volume day - 127,120t sold on CGX for the week across 479 transactions.
Grain prices strengthened early in the week before flattening - Follow the link to search for your grain and see recent trades - click here.
Often grain trades without seeing a bid - Buyers often simply purchase grain on offer rather than bidding against it - they're all looking.
Create demand by offering your grain to all buyers - Regardless of what grade it is or what site it is warehoused, there are plenty of buyers that want it.
With Australian grain the most competitively priced into international markets, the exchange gives you the offer your grain at the price you want to all buyers rather than accepting published bids.
Trade stats for last week
34 buyers purchased grain on CGX - more searching
21 buyers in the eastern states
11 buyers in SA
15 buyers in WA
33 different contract grades traded
6 commodities traded - wheat, barley, canola, lupins, oats, peas
16 port zones traded across QLD, NSW, VIC, SA and WA
127,120 tonnes were sold in 479 transactions through CGX last week
Grain prices lift early in the week before flattening
Australian grain prices managed to climb early in the week before plateauing. Many bids remained near traded values achieved on Monday throughout the week however it appeared growers were happy to target slightly higher levels after the early week lift which saw many grower targets met and grain sold.
Volumes trading continue to reflect the quality of this years crop with SFW1 wheat the major grade trading in the east and ASW1 wheat in the west. It's important to note however that most grades were finding demand and trading with 33 different grades of wheat, barley, canola, oats, lupins and peas trading across 16 port zones around Australia.
Grain prices traded continue to vary considerably between port zones, grades and compared to global values reflecting very localised supply and demand factors.
Don't be concerned if you can't see a bid on the exchange when you are offering grain for sale. Simply determine the price you want and offer it. Often you will never see a bid, just a trade as buyers jump in and purchase grain offered for sale rather than bidding against it. Buyers are looking at grain offered for sale.
Grain demand can often be hard to predict, if you have your grain on offer at least all buyers can see it and try to buy it - that's how you create demand for your grain.
The below table shows traded values last week on CGX.
There are plenty of buyers that want your grain. Regardless of what grade it is or where it has been delivered, you can create demand by offering your grain for sale on CGX.
OFFER OFFER OFFER!
The below charts provide a summary of what traded last week. If you would like more detail on what has traded please click the recent trades link or feel free to call the CGX team.
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