Oct 23, 2023

Weekly Grain Traded CGX - 23 October

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

It's time to offer your grain at the price you want - Buyers want Australian grain, offer grain for sale rather than pushing prices lower this harvest.
If you're harvesting, or not yet harvesting, you can offer your grain - Growers delivering to warehouse can offer grain for sale on CGX that has been delivered or will be delivered in future months. Growers storing grain on-farm can offer grain for sale on igrain and determine pickup/delivery timeframes.
Growers can OFFER grain for sale rather than hitting cash bids - CGX and igrain enables growers to offer grain for sale at a price to ALL BUYERS.

21 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

21 buyers purchased grain on CGX - more were searching for grain
43 sellers sold grain through CGX across 53 transactions - more were offering grain for sale
4 agent and/or advisory businesses sold grain on behalf of growers
18 different grades traded
4 commodities - wheat, barley, oats, lentils
11 port zones traded across QLD, NSW, VIC, SA and WA

It's time to offer your grain

Buyers want Australian grain this harvest. Australian grain remains competitive into international markets out of the southern export states, and north eastern Australia is trading a freight spread into destinations where dry conditions have impacted crop production.

Demand is there, however with harvest underway, buyers are monitoring progress and what growers are doing in regards to their selling.

If growers sell a lot of grain into published cash bids quickly, it will push prices lower. This often happens during harvest.

But growers can also OFFER their grain for sale at a price to ALL BUYERS. By doing this growers may help to avoid the typical harvest pressure on prices.

21 different buyer businesses purchased grain through Clear Grain Exchange last week with more looking for grain offered for sale.

There are plenty of buyers that want your grain. Let's make it easier for them to try and buy your grain at a price you feel is fair.

For growers that are harvesting and delivering your grain into a third party warehouse system such as GrainCorp, you can offer that grain for sale on Clear Grain Exchange (CGX) to more than 300 buyers that are registered and wanting Australian grain. CGX operates at 27 different grain storage operators - click here to see if CGX is operating at your site

If you are not yet harvesting but intend to deliver to one of the 27 grain storage operators and want to start getting some price protection, you can offer grain for sale for delivery in November, December or January on CGX.

Simply login to your account or call us at anytime on 1800 000 410.

If you are storing grain on-farm this harvest, you can offer that grain for sale on igrain. Offering your grain for sale on igrain enables you to set your price but also advertise the timing of when you want pick-up or to deliver your grain.

The whole intent of CGX and igrain is to get as many buyers as possible to try and buy your grain whilst ensuring you're protected by secure settlement for warehoused grain with CGX, and counterparty insurance for grain stored on-farm with igrain.

We look forward to working with you this harvest.

See what traded below on CGX last week. Wheat, barley, lupins, oats, maize, faba beans and lentils all traded on igrain last week on an ex-farm basis through VIC and NSW.

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.