Jun 26, 2023

Weekly Grain Traded CGX - 26 June

Grain prices pushed higher - Offshore market moves encouraged Australian buyers to push prices higher with many growers taking advantage.
Agents using the exchange to generate value for clients - 25 agent/advisory businesses sold grain through CGX for their clients last week.
If you have grain in warehouse, offer it for sale at your target price - CGX gives growers control to set their price for their grain.

41 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

41 buyers purchased grain on CGX - more were searching for grain
- 16 in NSW
- 15 in VIC
- 3 in QLD
- 12 in SA
- 20 in WA
432 sellers sold grain through CGX across 600 transactions - more were offering grain for sale
25 agent and/or advisory businesses sold grain on behalf of growers
43 different grades traded
7 commodities - wheat, barley, canola, oats, lupins, lentils, faba beans
16 port zones traded across QLD, NSW, VIC, SA and WA

Grain prices pushed higher

Grain prices pushed higher through last week on the back of nervousness over offshore production prospects and the Australian dollar retreating back from its recent highs. This enabled Australian buyers to pass on the gains and push Australian prices higher. Some grades were trading over $15/t higher by the end of the week, often at better prices than published bids indicated. Demand for Australian grain remains strong with 41 different buyers purchasing nearly 160,000t of grain through CGX last week across all the major grain producing states. The demand appears to be across all grades and commodities, across all states. If you have grain for sale, be sure to have it on offer to create demand for it. If you're unsure of your sales price or think the market may improve, simply put your offer up at a higher price - you set the price. CGX gives growers control to set their price for their grain and send that price signal to the market whilst being protected by anonymity and secure settlement if their grain sells. Many growers were taking advantage of the improved prices last week selling their grain at their sales targets. H2, APW1 and ASW1 wheat were the predominant grades trading in NSW and QLD last week with 15 grades of wheat, barley and canola trading in total. APW1 wheat, BAR1 barley, and ASW1 wheat were the top 3 grades trading by volume in Victoria with 15 grades of wheat, barley and canola trading. In SA, ASW1 wheat was the predominant grade trading followed by APW1 and H2 wheat with 17 grades of wheat, barley, canola, faba beans, and lentils trading. The unique grade of ASW9 wheat was the predominant grade trading in WA last week followed by ASW1 and BFED1 barley with 18 grades of wheat, barley, canola, lupins and oats trading. See what traded below and login to your CGX account to see more price information.

Do you want to sell but defer delivery and payment? Check our article to learn more.

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.