Sep 27, 2023

Weekly Grain Traded CGX - 25 September

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

Less grain available for sale is keeping prices resilient - Buyers continue to search for grain offered for sale but often can't find what they need.
Buyers are searching for grain stored in warehouse and on-farm - If you have grain stored on farm, use igrain to offer it for sale to maximise its value.
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.

23 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

23 buyers purchased grain on CGX - more were searching for grain
- 11 in NSW & QLD
- 7 in VIC
- 8 in SA
- 8 in WA
66 sellers sold grain through CGX across 90 transactions - more were offering grain for sale
9 agent and/or advisory businesses sold grain on behalf of growers
22 different grades traded
6 commodities - wheat, barley, canola, faba beans, oats, sorghum
12 port zones traded across QLD, NSW, VIC, SA and WA

Grain becoming less available

Australian grain prices continue to remain resilient amongst a drying landscape and less grain available for sale.

Buyers continue to search for grain offered for sale but often can't find what they need. This saw less grain trading by volume and number of transactions last week as the volume of grain offered for sale diminishes ahead of the coming harvest.

High protein wheat made up the majority of volume trading through NSW and VIC on Clear Grain Exchange last week, with barley and sorghum also finding homes. ASW1 wheat continues to dominate WA and SA traded volumes with barley, oats, canola and faba beans also trading.

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

The igrain market traded wheat, barley, maize, lupins and millet through VIC, NSW and SA on an ex-farm basis last week. Appetite by domestic users, traders and container traders for ex-farm grain continues as they look for options to satisfy requirements leading into harvest.

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.