Aug 28, 2023

Weekly Grain Traded CGX - 28 August

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

Buyers continue wanting Australian grain - Demand for Australian grain is keeping prices supported led by barley and extending to all grades.
35 buyers purchased 36 grades in NSW, VIC, SA and WA - Barley made up 57% of all grain traded, wheat 40%, canola, oats, lupins and lentils the rest.
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.

35 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

35 buyers purchased grain on CGX - more were searching for grain
- 16 in NSW
- 8 in VIC
- 9 in SA
- 15 in WA
173 sellers sold grain through CGX across 232 transactions - more were offering grain for sale
17 agent and/or advisory businesses sold grain on behalf of growers
36 different grades traded
6 commodities - wheat, barley, canola, oats, lupins, lentils
15 port zones traded across NSW, VIC, SA and WA

Buyers continue to look for grain

Barley grades made up 57% of all grain traded through Clear Grain Exchange (CGX) last week as exporters and domestic end users continued to get cover.

Demand for feed was driving buyer interest with little price discrepancy between feed 1 barley grades and malt grades that traded, albeit that malt volume was low in comparison.

There is some differentiation in feed barley prices depending on locations, both between port zones and at upcountry sites within port zones, as buyers crunch their numbers on where they need it versus where it's located.

$340/t track port out of the southern export states seems to be the benchmark for feed barley, prices out of the west are $350-$355/t FIS port.

The heightened barley demand continues to have a flow on effect to wheat as offshore buyers want to secure the volume and quantity they need from Australia through the back end of the year.

16 wheat grades traded last week making up 40% of all grain that traded through CGX. Demand remains robust with 28 different buyers purchasing wheat grades over the week and growers achieving their price targets.

Canola and lupins were also trading through SA and WA, oats continued to attract buyer interest in the west trading $400/t, while lentils were trading in volume in VIC through Clear Grain Exchange.

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

Grain stored on farm continued to attract plenty of buyer interest through the igrain market last week.

Various grades of wheat, barley, canola, maize and lupins traded on an ex-farm basis throughout NSW and VIC last week.

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.