Mar 27, 2023

Weekly Grain Traded CGX - 27 March

Wheat, barley, sorghum, oats, lupins, lentils and faba beans all traded across Australia last week - demand remains robust for Australian grain.
Snippets of prices traded are provided below - For a more comprehensive view on prices traded, login and search the market screens.
Your grain can't sell if buyers can't see it and try to buy it! - If you have grain in warehouse, offer it for sale at your target price.

32 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

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

Bid-Offer spreads widen

ASW1 wheat and feed barley were the predominant grades that traded through Clear Grain Exchange last week, likely reflecting what volume is being held in warehouse. Notable volumes of faba beans in SA, plus oats and lupins in the west were also trading. 24 different grades of wheat, barley, sorghum, oats, lupins, lentils and faba beans traded through the exchange in 13 port zones across all the major grain growing states of Australia. The breadth of demand for Australian grains is wide and there remains demand for all Australian grains, despite a back drop of declining global futures prices. 32 different buyers purchased grain through CGX just last week and more were searching for grain offered for sale. If you have grain in warehouse, make sure you have it on offer at the price you want. CGX provides you the opportunity to send your price signal to market. 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. By doing this you're creating demand for your grain! Some snippets of prices traded last week are provided below. For a more comprehensive view of traded values log in to your account and search the market screens. APW1 wheat traded $404/t Brisbane, $400/t Kwinana, $396/t Melbourne, and $378/t Pt Adelaide. ASW1 was trading $387/t Pt Adelaide, $378/t Melbourne and $365/t Esperance as examples. H2 was $425/t Newcastle, $405/t Melbourne and $400/t Esperance. Feed barley traded $400/t in Brisbane, $346/t Pt Kembla, $321/t Melbourne and $313/t Kwinana. Lupins were trading $345/t Kwinana and $330/t Geraldton. Faba beans were trading volume at $390/t Pt Adelaide while lentils were selling for $823/t Pt Giles and trading through surrounding port zones. OAT1 oats are now back up to $375/t in Kwinana less $20/t for OAT2 and are also trading in other zones.

Do you want to sell but defer delivery and payment?

For growers who want to defer delivery and payment of their grain, you can offer grain at the price you want for delivery in future months. For example, many growers use the future delivery period on CGX to offer warehoused grain for sale with delivery in July. This allows growers to better manage cashflow, price risk, and benefit from any carry that may be paid in the market.