Clear News & Updates

CGX Trade Opportunities Report - August 13

August 13, 2018

FREE TO REGISTER - FREE TO OFFER

Highlights

  • 19 buyers bought through CGX last week - if buyers don't know your grain exists, they can't bid for it! Your offer creates demand.
  • Canola had some heat under it - plenty of buyer interest in canola last week making up 32% of all grain traded.  
  • There's no downside in offering - you set the price and buyers are eager to search for your grain parcels, crunch their numbers and try to buy. 


19 buyers and 23 grades traded across 4 commodities

Trade stats for last week:

  • 19 buyers bought through CGX - more searching
  • 23 grades traded
  • 4 commodities traded - wheat, barley, canola, lentils
  • 12 port zones traded around Australia
  • 2 seasons traded - 17/18, 16/17


Buyers remained eager to accumulate grain last week ahead of the USDA report released on Friday night.

Unfortunately the USDA report was bearish pushing international futures markets lower on Friday night. Although it will be interesting to see if this has any impact on Aussie grain values given the domestic focus.

Western Australia continues to make up a large proportion of grain trading on the exchange as buyers look to get some cover for the dryer areas of Eastern Australia. Warehoused grain through Victoria was also trading as bids met the prices on offer.



 H2 wheat at Boort (GNC) traded at $395 last week - well in excess of advertised public bids


Wheat made up 63% of all grain traded on Clear Grain Exchange last week, canola was a high proportion at 32%, barley and lentils were 4% and 1% respectively.



Canola attracted plenty of interest by buyers last week trading across 6 port zones from Kwinana in WA to Port Kembla in NSW. Buyers were chasing all grades with CAN, CANG (GM canola) and CAN EU (EU sustainable) canola all trading.

17/18 Canola at Oaklands (GNC) traded up to $556.26/t - well in excess of advertised public bids


In many areas grain is grain with many grades trading as users are eager to look at anything that can help them get through. 

No matter what grain you have, if you have a price in mind you would sell it for, offer it on the exchange so buyers can see it, crunch their numbers, and try and make it work. You are protected by anonymity and secure settlement so no price is a silly price!



Forward offers increase on CGX
 
Forward offer volumes continue to increase. Forward offer volumes of 18/19 and 19/20 APW1 Multi grade, Feed Barley fixed grade and Lupin fixed grade offers have been building up in recent weeks in Western Australia resulting in an increase in trading activity. 

WA forward offer volumes are a testament to "More grain on offer helps to generate more buyer demand". If buyers don't know your grain exists, they can't bid for it! So far this year 22 different buyers have bought grain in WA alone!

See example below to view the forward market by selecting "Forward" in the market type within the "All offers" market page. 



For more information on the forward market click HERE.

Click here to view recent trades

Did you know you can offer new season grain on CGX?

Clear Grain Exchange allows sellers the ability to secure a target price today for grain they are going to deliver in the future.

It's easy to create, edit and cancel forward offers in real time, free of any charges, ensuring you remain in control. Offers in the market are viewable to the approved buyers on CGX.

If a buyer matches your forward offer, CGX will notify you via SMS and email so you can simply accept or decline the buyers grade spreads for any multi grade contract within a 2 hour window. If you approve, a contract will be automatically generated.

For any fixed grade contracts, acceptance and contract generation will be automatic.

Forgotten your CGX password? Click here to reset

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FREE TO REGISTER - FREE TO OFFER

There is no downside in offering your grain on CGX!

It’s free to register and free to offer your grain on Clear Grain Exchange. You can edit or cancel your offer at any time for free before it trades. 

A trade can only occur at the price you put on it (or higher), your offer is exposed to all buyers and if your grain trades you are protected by a secure settlement process that ensures you don't lose title of your grain until you are paid.

Therefore as long as you are happy with the price and amount of grain you put on offer, there is no downside in giving the exchange a go!

You can also authorise your trusted grain-marketing professional to act on your behalf on the exchange.

If you need help registering a Clear Grain Exchange account or offering your grain, please don’t hesitate to contact the team.

P: 1800 000 410
E: support@cleargrain.com.au
 

About Clear Grain Exchange

Clear Grain Exchange is an independent online platform where grain sellers can offer their grain, at their price, in an open market to all buyers. If the grain trades, a secure settlement process ensures sellers don't lose title until they're paid, within 7 days. Grain buyers benefit from more efficient accumulation given they are able to view parcels of grain ready for sale in a firm and live market. The exchange also ensures a robust paper trail of all orders and transactions. At time of settlement, appropriate levies, end point royalties, and any applicable fees associated with the storage provider are deducted, cutting down the paperwork into one simple transaction. Our aim is to foster competition at the farm gate and ultimately improve returns by creating an efficient market where all supply chain participants benefit. Think of Clear Grain Exchange as the share market for Australian Grain.

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