Clear News & Updates

CGX Trade Opportunities Report - August 12

August 12, 2019

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Highlights

  • Demand across all Aussie port zones - Almost every port zone from Qld around to WA traded grain on CGX last week.
  • Wheat, canola, barley, lupins, sorghum trading - Trades well above publicly advertised bids, and many firm bids were consistently stronger.
  • Did you wait for new financial year to sell your grain? Offer your grain at your price to all buyers and be protected with secure settlement.
  • NEW SERVICE - Clear Grain Exchange's unique secure settlement is now available for any grain contract - Check out our new service! 
    Click here for the Media Release and further information
Call us on 1800 000 410 and offer your grain at your price

Trade stats for last week

  • 21 buyers bought through CGX - more searching
  • 22 grades traded
  • 5 commodities traded - wheat, canola, barley, sorghum, lupins
  • 15 port zones traded
  • 3 seasons traded - 19/20, 18/19 and 17/18

Demand evident across all Australian port zones

A more healthy demand profile for Australian grain continued again last week. 21 different buyers bought grain through the exchange last week with more searching for grain. This compares to 22 buyers the week prior and 20 buyers the week before that.

The recent renewed appetite for Aussie grain has been reflected in values as they continue to climb off the lows seen in July. Trade values on Clear Grain Exchange continue to be well above best publicly advertised bids in many instances, and firm bids on the exchange are also often well above best public bids.

This demonstrates the value of growers "offering" their grain at the price they want on an independent and secure exchange. By having your grain on offer it makes the buyers job to source grain and purchase off you easier.

This helps to attract more buyers into the market for your grain creating stronger bids and trade values then may otherwise have occurred.

Last week's demand was widespread with almost every port zone from Queensland around to Western Australia trading.

Sorghum was in demand in north eastern Australia, whilst wheat, barley and canola traded strongly through WA, SA, Vic and southern NSW. Lupins were also trading up to $380/t FIS in the west.

There is demand for your grain, it's just a matter of what price, and that's the hard part. For those needing to sell in the near term, adjusting your offer price closer to the best public bid maybe required to get buyers interested.

By having your grain on offer you help buyers purchase your grain, which is a good thing as it can create demand!

See below examples of trades last week.









Be proactive and let buyers know what price you are a seller by having your grain on offer. Your grain is a better chance of selling on offer than not on offer!

It is free to offer, and free to edit or cancel your offer at anytime before it trades - hence there should be no downside in having your grain on offer!

See summary charts of recent trades below. If you would like more detail on what has traded please click the recent trades link below or feel free to call the CGX team or your Authorised Agent.





Click here to view recent trades

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               @cleargrain for updates
               @cleargraintrade for live feeds of trades 

Protect yourself with Clear Grain Exchange

Once your grain trades in Clear Grain Exchange (CGX), the secure settlement process ensures you do not lose title of your grain until the buyer has paid.

This secure process is facilitated by an independent custodian so CGX never has ownership of grain or the funds, making CGX the most secure way to trade your grain.

And the best part is this secure process all occurs within a maximum of 7 business days!

All industry levies and end point royalties are automatically deducted and a trade settlement notice delivered simultaneously.

NEW SERVICE

Now CGX's unique secure settlement is available for any grain contract - enabling contracts made outside of CGX's live online screens to benefit from secure settlement including ex-farm and delivered contracts.

Users simply need to refer to ‘CGX Contract Settlement’ as the mechanism for payment when finalising a sales contract. They then provide the contract or broker note to CGX and we will manage the settlement process for them

CGX prides itself as an industry leader in efficient and secure payment. Click here for CGX's media release and further information on the new service or call us on 1800 000 410.


 
Forgotten your CGX password? Click here to reset

New SMS feature 

By having your offer out there on Clear Grain Exchange you will receive notifications of 'trades' of the same grade and location as your offer so you can monitor the real market (rather than public bids), and remember you are anonymous - so don't feel silly about putting your price out there no matter how optimistic it may be!



 

Re-offer cancelled or expired offers

You can now conveniently re-offer your expired or cancelled offers via the My Offers tab by selecting “Closed” from the Offer Status drop down menu.

This feature was developed from feedback by users and will greatly improve efficiency of re-offering and help mitigate against making errors.


We encourage you to make the most of it and thanks for the feedback!

FREE TO REGISTER - FREE TO OFFER

There is no downside in offering your grain on CGX!

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 CGX team on the details below or your Authorised grain marketing professional.

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

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