Clear News & Updates

CGX Trade Opportunities Report - Feb 19

February 19, 2018

Highlights:

  • Market liquidity increasing as buyers and sellers engage - 29 different buyers bought grain last week with more searching for grain on offer.
  • Wheat, barley, canola, chickpeas and lupins traded - 51,773t traded made up of 25 different grades cross 13 port zones.
  • Traded tonnes on CGX averaging $3.95/t above best public bids this season - offer your grain in an open and independent exchange!
FREE TO REGISTER - FREE TO OFFER

Liquidity on the increase as buyers and sellers engage!

Clear Grain Exchange traded 51,773t last week made up of 25 different grades across wheat, barley, canola, chickpeas, and lupins in 13 different port zones around Australia.

Importantly 29 different buyers bought grain on the exchange last week and more were bidding or searching for grain on offer. Below is a summary of the number of buyers by commodity last week and indicates a healthy level of buyer demand particularly in wheat.

  • Wheat        26 buyers
  • Barley        12 buyers
  • Canola         4 buyers
  • Chickpeas    1 buyer
  • Lupins          3 buyers

More buyer engagement is a good thing for growers as it generally means there is some support in prices.

Last week CBOT wheat values in A$/t traded up and down to end the week relatively flat (refer chart from Profarmer's Morning Market Insights).



Despite CBOT wheat trading sideways last week many growers achieved their offer prices as buyers were looking for grain and were able to afford the price growers were asking.

See chart below providing an example - ASW1 in Kwinana WA was trading $270/t on Friday versus the best public bid of $264/t.



So far this season across every tonne traded on CGX the average trade price has been $3.95/t above the best public bid on the same day as collected by leading independent analyst Profarmer. This compares with $4.40/t across 1.2 million tonnes traded last season.

This value is generated by growers being proactive and offering their grain at their price in an independent and secure exchange that encourages all buyers to buy grain direct from growers.

If you don't have your grain on offer, buyers can't see it or try and buy it! Hence be proactive and create demand for your grain by offering on Clear Grain Exchange.

Please follow the link below to see trades on the exchange in more detail and note that if you can't find a trade or bid for your grain at your location, don't be disheartened - still offer your grain at your price as the offer draws out the bid and creates the trade opportunity! 

A summary of all trades last week is provided below.

Click here to view recent trades

Offering your grain can pull out a stronger bid!

Often we are seeing firm bids against offers at strong values relative to public bids however not quite at the levels growers are seeking with their offers.

This provides those growers the opportunity to hit those stronger bids if they are wanting to secure some cash or maintain their offer at those levels on the expectation of a future lift in values if they wish.

Hence by having your grain on offer in CGX it creates the opportunity! 

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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
 
FREE TO REGISTER - FREE TO OFFER

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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