Oct 31, 2022

Weekly Grain Traded CGX - 31 October

APW1 wheat trades over $500/t again in Pt Adelaide - Australian grain values generally improved further last week. Feed barley $378/t Melbourne.
What price do you want for your grain? - By offering your grain for sale on an independent and secure grain exchange, it gives all buyers the opportunity to try and buy it + you’re protected by anonymity and secure settlement.
22/23 season grain is now trading on CGX - 22/23 season delivery periods are now open for trading on CGX, WA new season trading these past weeks.

30 buyers bought grain on CGX last week - 31 october — 30 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

30 buyers purchased grain on CGX - more searching
82 sellers sold grain on CGX with more offering grain for sale
10 agent and/or advisory businesses sold grain on behalf of growers
23 different grades traded
5 commodities traded - wheat, barley, canola, lupins, faba beans
10 port zones traded across NSW, VIC, SA and WA

Australian grain values improve

Australian grain prices generally improved further last week despite CBOT wheat futures trading relatively flat to slightly lower over the week. Prolonged rain in the eastern states is causing havoc on both production and logistics. This continues to see bids for better quality grades push higher while lower grades were also stronger. On the international front, the market is on tender hooks waiting for some indication from Russia on whether the Ukraine grain corridor will continue after the current agreement expires in November. If Russia are not supportive of continuing the grain corridor, this would be supportive to grain values. The WA grower cooperative CBH continues to place bids in Western Australia at what they claim are closer to export parity, regardless of where other buyers are bidding. However the bids are for very limited tonnage which continues to cause some angst amongst growers. Remember - If the price being published is the price growers are wanting or willing to sell at, then growers have the power to offer their grain at the price they want to all buyers using Clear Grain Exchange. You're anonymous and secure. APW1 wheat was back up and trading over $500/t in South Australia with $503/t trading in Port Adelaide. APW1 also traded $490/t in Melbourne and $484/t in Port Kembla. Higher protein wheat grades continue to trade much stronger with H2 trading $553/t Melbourne as an example. ASW1 wheat traded $445/t Port Adelaide, $440/t Melbourne, $434/t Port Kembla and $363/t Kwinana. Stock feed wheat made up a lot of the volume trading through NSW and was making $409/t in both Port Kembla and Melbourne. AGP1 was $426/t Newcastle, $405/t Port Kembla, $404/t Melbourne and $360/t Kwinana. Barley values improved with feed trading $378/t Melbourne, $362/t Portland, and $325/t Esperance as examples. Spartacus malt was making $427/t Portland and $420/t Kwinana Canola traded $824/t + oil bonifications in Melbourne while faba beans traded $400/t Port Adelaide. This is just a snippet to grain that traded last week. For a more comprehensive view of prices traded across all grades and locations make sure you login to your Clear Grain Exchange account and search the market screens. Make sure you offer your grain for sale to all buyers so you can see the full reflection of demand. Let all buyers see your grain, crunch their numbers and try to buy it. Often there are more buyers than you may realise that want to try and buy your grain. Let's create the opportunity for them to have a go!

22/23 season grain open on CGX

22/23 season delivery periods are now open for trading on Clear Grain Exchange. The delivery periods released include:

Now - for any 22/23 season grain already delivered into warehouse
Nov22/Dec22 - for grain that will be delivered by November or December
Dec22/Jan23 - for grain that will be delivered by December or January
Jul23 - for those wishing to defer delivery on a grain contract until July 23

Note we're monitoring the harvest conditions and may open more delivery periods if required. Please remember if you sell grain for future delivery, you must deliver into the contract within that delivery period. We're always here to help if you want to discuss offering 22/23 season grain.

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