May 23, 2022

Weekly Grain Traded CGX - 23 May

Price volatility is huge - set your price - Prices achieved by growers continue to surprise them - set your target price - it may be achieved.
Demand for Australian grain remains very strong - 48 buyers purchased wheat, barley, canola, sorghum, oats and almost all pulse types through CGX.
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.

When your grain is offered for sale on CGX all buyers can see it

and try to purchase it

48 buyers bought grain through CGX — 48 different buyers purchased grain through Clear Grain Exchange (CGX) last week with more searching for grain offered for sale. This indicates strong demand.

Market stats for last week

48 buyers purchased grain on CGX - more searching
- 29 in Eastern States
- 6 in South Australia
- 25 in Western Australia
267 sellers sold grain on CGX with more offering grain for sale
22 agent and/or advisory businesses sold grain on behalf of growers
41 different grades traded
9 commodities traded - wheat, barley, canola, sorghum, lupins, peas, lentils, faba beans, oats
16 port zones traded across QLD, NSW, VIC, SA and WA

Price volatility is huge - set your price

After CBOT wheat surged A$42/t at the end of last week on the back of a bullish USDA WASDE report the market got fed some more bullish news early this week with India announcing they’ll ban wheat exports. This saw CBOT wheat surge another A$34/t that day. The world was hoping Indian exports (who is not a regular exporter of wheat) would fill some of the shortfall in supply from the major global exporters this year. The fact that they won't, creates even more demand for Australian grains. Australian prices have been pushing higher as growers ask for higher prices and buyers are meeting their targets. South Australian grain remains the highest priced in the country with the $500/t milestone reached for APW1 wheat just a few weeks ago now well and truly left in the wake of what has been a surging market to trade at $561/t Port Adelaide on Clear Grain Exchange this past week. Variation in prices continues to be extreme across port zones, and whilst it is being driven by some demand side factors such as availability of export capacity, the availability and price growers are offering their grain for sale is also likely having a big impact. There is often more value available than the price being bid. There are also often more buyers that want your grain than you may realise. Growers should remember that just like a buyer can show their bid price a grower can show their offer price. Offer your grain for sale to all buyers securely with Clear Grain Exchange and ensure you sell at it’s full value.