Weekly Grain Traded CGX - 27 January

Clear Grain Exchange

Jan 29

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

Feed demand pushing prices higher - Off-spec and feed grains are trading closer to milling quality as buyers push bids up to match grower prices.
42 buyers met grower offer prices to purchase 44 grades - Wheat, barley, canola, faba beans, lupins, and oats traded in 15 port zones.
CGX and igrain enable growers to offer grain for sale - Growers delivering to warehouse can offer grain for sale on CGX. Growers with grain on-farm can offer grain for sale on igrain and determine pickup/delivery timeframes.

27 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale. — 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.

Market stats for last week

42 buyers purchased grain on CGX - more were searching for grain
- 14 in NSW
- 12 in VIC
- 12 in SA
- 25 in WA
484 sellers sold grain through CGX across 710 transactions - more were offering grain for sale
19 agent and/or advisory businesses sold grain on behalf of growers
44 different grades traded
6 commodities - Wheat, barley, canola, faba beans, lupins, and oats
15 port zones traded across NSW, VIC, SA and WA

Feed demand pushing prices higher

Demand for feed grains and oilseeds appears to be underpinning grain values currently.

Improving corn prices are pulling global wheat prices higher as feeders look to use more wheat in their rations, this is also flowing into barley.

Feed barley grades traded in volume through Clear Grain Exchange (CGX) last week making up 28% of all grains traded.

Malt grades that traded didn't pick up much of a premium to the feed grades indicating the demand for feed being the major price driver currently.

20 different buyer businesses purchased barley through CGX last week with more searching for barley listed for sale.

In the wheat job, ASW1 and the like plus off-spec grades were sought after by buyers confirming the interest in this quality wheat for feed purposes.

33 buyers purchased 20 grades of wheat through last week with more buyers searching for wheat offered for sale indicating all grades were being considered for purchase by buyers.

Price spreads between wheat grades have also closed up with prices of lower grades improving compared to the milling grades.

Stock feed wheat traded $8/t below ASW1 in Melbourne for example, and $10/t below ASW1 in Port Kembla. Feed wheat traded $9/t below AWW1 in Kwinana.

Canola values also appear to be supported on the whole, despite many published bids seemingly falling recently. Some traded prices on CGX for reference include Kwinana CAN1 trading $905/t + oil bonifications, well above published bid prices.

Faba beans, oats and lupins were also trading well. Please refer to the tables below providing a summary of prices traded through CGX last week, or better yet, login to your online CGX account to search and view all prices.

Growers are impacting the price of Australian grain by offering grain for sale and leading bids higher.

Simply offer your grain for sale at the price you want on an independent and secure exchange. All buyers can then see your grain, crunch their numbers and try and buy your grain.

Through CGX, growers are protected at all times with anonymity and secure settlement ensuring they retain title until paid.

A total of 114 buyers made 8,562 searches for grain listed for sale on Clear Grain Exchange (CGX) just last week.

**There are plenty of buyers searching for Australian grain offered for sale.**

The tables below provide a summary of traded prices on CGX 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.