Apr 24, 2023

Weekly Grain Traded CGX - 24 April

42 buyers purchased grain last week - More were searching for grain offered for sale. There are plenty of buyers that want your grain.
12 different agent businesses sold grain on behalf of their clients - If you use a grain marketing consultant, make sure they're using the exchange!
If you have grain in warehouse, offer it for sale at your target price - Your grain can't sell if buyers can't see it and try to buy it!

42 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

42 buyers purchased grain on CGX - more were searching for grain
191 sellers sold grain on CGX with more offering grain for sale
12 agent and/or advisory businesses sold grain on behalf of growers
36 different grades traded
7 commodities traded - wheat, barley, canola, lupins, lentils, faba beans, oats
14 port zones traded across QLD, NSW, VIC, SA and WA

Buyers active after Easter

Buyers were keenly searching for grain to buy through last week with 42 different buyer businesses purchasing wheat, barley, canola, oats and pulses around Australia through the exchange.

Buyers were made up of bulk exporters, container traders, domestic end users, domestic traders, off-shore parties and other risk managers of grain.

There are plenty of buyers that want your grain - 99 have bought grain through CGX this season, with more than 300 registered to buy your grain.

By offering your grain for sale on Clear Grain Exchange you make it easier for every buyer to see your grain and try to buy it - that's a good thing, because we want as many buyers as possible trying to buy your grain.

You're protected by anonymity and secure settlement at all times. All you need to do is decide what price you want for your grain - the rest is looked after for you!

ASW1 wheat was trading in earnest across the country last week with price differentials still relatively wide in some areas reflecting different dynamics between port zones - see the values trading in the tables below.

All wheat grades were largely in demand across port zones with 15 wheat grades in total trading. Noodle wheat in the west was attracting interest, H2 was trading across 7 port zones, and lower grades were also in the buyers sights with little difference in prices generally between the off-spec grades.

Feed barley continued to trade strongly around the country with NSW attracting strong premiums to other states. Off-spec feed barley was also finding demand and malt grades were trading across 5 port zones at healthy premiums to feed.

Canola was trading on the back of a lift in off-shore futures helping buyers to get their bids up to grower target prices. +$700/t + oil bonifications was trading in Albany, Victoria and Kembla were also trading.

Oats were trading $370/t in WA, faba beans $410/t Melbourne and Adelaide, lentils $734/t Melbourne and lupins $350/t Kwinana and Esperance

Regardless of what grain you have in warehouse or whether you want to sell in the near-term or are prepared to target higher prices and potentially hold grain for longer; get it on offer so all buyers can see it and try to buy it.

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.