Apr 4, 2022

Weekly Grain Traded CGX - 4 April

Plenty of buyers want Aussie grain - Demand for Aussie grain remains very strong from offshore markets providing opportunity for growers.
Grain offered at recent traded prices continue to attract buyer interest - 33 buyers purchased grain with more searching grain offered for sale.
Growers actively adjusting price targets - Growers and agents are actively editing offer prices. Remember you can edit offers at anytime and grain can only trade when the market is open (10:00-10:05am and 8:30-8:35pm AEDT).

Graph 33 buyers on CGX last week — 33 different buyers purchased grain through Clear Grain Exchange (CGX) last week with more 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

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

Plenty of buyers want Aussie grain

33 different buyers purchased wheat, barley, canola, oats, lupins, faba beans and lentils through Clear Grain Exchange last week with more searching for grain offered for sale.

Demand for Aussie grain remains very strong from offshore markets given uncertainty in the Black Sea, talk of Chinese drought, dry conditions in the US, and still plenty of time before the other major northern hemisphere exporters have their crops in the bin.

Hence buyers here in Australia are vigorously trying to maximise supply chains to get Aussie grain to the world. As they get certainty on execution they are active in accumulating grain and are meeting many growers target prices to get the business booked.

This is providing opportunity for growers who are proactively offering grain for sale at their target prices. Grain on CGX continues to trade at better values than published prices or those advertised on cash boards.

ASW1 wheat continued to trade $380/t FIS port in Kwinana but was reaching $400/t track in South Australian ports and $385/t port equivalent at sites in Port Kembla. Higher protein grades were selling at prices stronger than ASW1 (H1 sold $451 Melbourne as an example) while SFW1 traded $358/t Kembla and $349/t Geelong.

Feed barley traded $400/t Port Adelaide, $363 Geelong and $344/t Newcastle. EU certified canola was selling $1,055/t in Esperance + oil bonifications with GM canola $921 Melbourne + oil.

Price differences across port zones continue to be extreme in some cases. Grain demand can be unpredictable.

If you have grain in warehouse make sure you have it offered for sale on CGX at the price you want so all buyers can see it and try to buy it.

There are often many more buyers than you may realise that want your grain.

Click here to view recent trades and search the market