Sep 30

Weekly Grain Traded CGX - 30 September

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

Broad demand for grains last week - Buyers continued to get more active in searching for grain and trying to purchase it from growers.
34 buyers met grower prices to purchase 25 grades - Wheat, barley, canola, and lentils traded in 11 port zones across Australia.
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. — 34 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

34 buyers purchased grain on CGX - more were searching for grain
- 9 in NSW
- 13 in VIC
- 14 in SA
- 11 in WA
121 sellers sold grain through CGX across 153 transactions - more were offering grain for sale
11 agent and/or advisory businesses sold grain on behalf of growers
25 different grades traded
4 commodities - Wheat, barley, canola, and lentils
11 port zones traded across NSW, VIC, SA and WA

Broad demand for grains

There was broad demand for grains across the country last week with 34 different buyer businesses finding grain offered for sale on CGX and bidding up to purchase at the prices offered by growers.

Canola was well bid and made up 31% of all grain traded through Clear Grain Exchange last week with both non-GM and GM grades trading.

Non-GM grades continue to attract better prices than GM grades trading $760/t FIS Albany, $727/t track Portland, $720/t Melbourne, and $705/t Newcastle plus oil bonifications as examples. GM canola was trading $705/t Kwinana and $683/t Pt Adelaide plus oil bonifications - see below for more examples.

Wheat made up 54% of all grain trading last week with 26 buyers purchasing 11 milling and feed grades indicating reasonable demand.

ASW1 traded $360/t Kwinana FIS, $339/t Newcastle, $335/t track Port Adelaide and $334/t Melbourne as examples with better quality milling wheats attracting better prices and stock feed wheat a bit lower.

Barley grades made up 15% of all traded grain with a higher proportion in SA and Victoria with BAR1 trading $321/t track Port Adelaide a good benchmark.

Grain stored on-farm continues to attract buyer demand with various grades of wheat and barley trading through igrain last week.

Growers offering grain ahead of harvest

Many growers are now thinking about what their cashflow needs are through the harvest period and OFFERING grain for sale now, ahead of harvest, at their target prices in order to sell grain to cover harvest cashflow.

It means they're better able to stand aside from the market if prices push lower during the harvest months.

Canola, feed barley, and major wheat grades such as ASW1 and APW1 are the 24/25 season grades growers appear most interested in offering for sale.

If your grain is not offered for sale it can't sell at the price you want. Offering 24/25 season grain now, shows buyers the price growers want, when growers are not under cashflow pressure to sell.

By OFFERING your grain for sale at the price you believe it's worth, or the price you want for it, on CGX (warehoused grain) or igrain (on-farm grain), every buyer in the market can see it and try to buy it.

This creates demand for your grain and often it will sell at prices you didn't think were available at the time.

It's free to have your grain on offer and you can edit or cancel your offer at anytime before it trades. Plus you're anonymous and protected by best-in-class contract settlement if your grain sells.

There is no downside - only upside!

Simply login to your CGX account or call the team on 1800000410.

A summary of what traded on CGX last week is provided in the charts and table below. See more prices of what traded by logging in to your CGX or igrain accounts.

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.