Weekly Grain Traded CGX - 9 February

Grain stored on-farm can now be sold on CGX

Prices lifted for many grades of grain - This was in part led by the west and appeared to pull prices in other states in that direction.
Plenty of buyers searching for grain - 111 buyers made 9,159 searches for grain offered for sale on CGX. 51 buyers were bidding for grain.
See prices traded + more firm bids above cash bids - 55 grades of wheat, barley, canola, pulses and oats traded across 17 port zones.

27 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

41 buyers purchased grain on CGX - more were searching for grain
- 2 in QLD
- 15 in NSW
- 4 in VIC
- 11 in SA
- 21 in WA
386 sellers sold grain through CGX across 593 transactions - more were offering grain for sale
15 agent and/or advisory businesses sold grain on behalf of growers
55 different grades traded
8 commodities - Wheat, barley, canola, chickpeas, faba beans, lentils, lupins, oats
17 port zones traded across QLD, NSW, VIC, SA and WA

Prices lift for many grades of grain

Demand saw prices lift for many grades of grains last week. This was in part led by the west as the market tries to move the large crop there and appeared to pull prices in other states in that direction.

Growers are actively setting prices by offering grain for sale and this is helping buyers determine where their bids need to be to buy volume.

Demand was across the board with 17 grades of wheat trading, 9 grades of barley, both ISCC and non-ISCC declared GM and non-GM canola across the country, and most grades (17 in total) of faba beans, lupins, lentils, chickpeas and oats.

ASW1 wheat was trading $326/t track port equivalent Newcastle, $322/t Kembla, $316/t Adelaide, and AWW1 in the west (similar grade to ASW1) was trading $322/t FIS Kwinana.

Wheat was wheat in the west for lower grades. FED1 and other off-spec grades were trading at the same or similar prices to AWW1. In other port zones through southern and eastern Australia, the lower grades were trading at discounts to ASW1. Note through the year after harvest these lower grades regularly trade at the same or similar prices to ASW1.

Higher protein milling wheat grades are trading at better prices than ASW1 with H2 trading $15/t above ASW1 in the east and $22/t better than AWW1 in the west. H1 was trading $410/t FIS in WA and ANW1 was trading $367/t.

Feed barley was trading $329/t Brisbane, $314/t Kembla, $310/t Melbourne and $330/t Kwinana with little difference in the malt grades.

Non-GM canola was trading $773/t Geelong, $744/t Kembla, $741/t Adelaide and $790/t in the west + oil bonification payments.

The pulses and oats are continuing to attract buyers with chickpeas trading $610/t Brisbane, fabas were trading $415/t Melbourne, lentils were $654/t Portland and $638/t Adelaide, and oats were trading $325/t in the west.

Growers are impacting the price of Australian grain by offering grain for sale and leading the direction of all bids.

41 buyers purchased grain through Clear Grain Exchange (grain stored in warehouse) and igrainX (grain stored on-farm) last week.

Additionally, 51 buyers were bidding for grain offered for sale and 111 buyers made 9,159 searches for grain offered for sale.

The heightened buyer interest in grain suggests if you have a sell price in mind, it's time to put it out there.

Regardless of where prices are being bid, growers and their agents can offer grain for sale at prices they're targeting to sell.

Don’t just offer grain for sale when you're a seller, offer grain for sale when you know prices you will sell for. More growers are doing this and they're impacting prices.

There are plenty of buyers for Australian grain, demand often lifts early in the New Year. Make it easier for all buyers to try and buy your grain.

Set your price, impact the market, and know that if the market reaches your price it will sell. Your grain can't sell at the price you want if you don't have it out there offered for sale.

There’s no downside in offering your grain for sale, only upside – why wouldn’t you offer all of your grain for sale at prices you're happy with? Be proactive, take control, and offer.

The prices traded through the exchange at a port track (eastern states) or FIS (in WA) level are provided below, but if you're reading this email you will have your own CGX account so login and use it to see what's trading, what's offered, and what's being bid at sites to help you determine the value of grain in your area.

Please call the CGX team anytime for assistance on 1800 000 410.

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.