Clear News & Updates

CGX Trade Opportunities Report - May 6

May 06, 2019

Highlights

  • Trades well over best public bids - The gap between publicly advertised bids and what is actually trading is widening, some trades more than $25/t above.
  • Plenty of buying interest in grain - 20 different buyers bought through CGX last week with more searching. 20 grades traded across 10 port zones.
  • Worried about counter party risk? - Never lose title of your grain until funds are received by the buyer with CGX's secure settlement.
  • There is no downside in having your warehoused grain on offer - It's free to offer and you can edit or cancel your offer at anytime before it trades.
Call us on 1800 000 410 and offer your grain at your price

Trade stats for last week

  • 20 buyers bought through CGX - more searching
  • 20 grades traded
  • 5 commodities traded - wheat, barley, canola, lupins, oats
  • 10 port zones traded around Australia
  • 2 seasons traded - 18/19 and 17/18

Gap between trades and public bids is widening

The discrepancy between publicly advertised bids and what is actually trading appears to be widening as we move through the season. See charts below showing examples of trades last week well above the best public bid as collected by leading independent market analyst Profarmer.

On some occasions trades were more than $25/t above the best public bids. In some areas there are no public bids advertised at the sites!

As such it is difficult to get a read on what value grain should be trading at. You may need to look at surrounding sites to get a better handle on price when offering. You are welcome to call the team here at Clear Grain Exchange for help or ask your grain marketing professional.

Ultimately the lesson is to have your grain on offer. Be proactive and let buyers know where you are a seller. Your grain is a better chance of selling on offer than not on offer!

Last week ASW1 wheat was the dominant grade trading making up 50% of all trades through the exchange. Feed barley and APW1 wheat were the next most traded grades at 12% and 11% of all trades respectively.

Kwinana in Western Australia remains the most liquid market with 74% of all trades last week occurring in that port zone. The reason for this being that Kwinana is where the majority of offers are being placed at the moment.

20 different grades of wheat, barley, canola, lupins and oats traded across 10 port zones in total, and there were 20 different buyers of grain with more searching.

All grades and locations are being searched by buyers and there is a better chance of your grain trading on offer than not on offer - plus 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 below examples of trades last week well above the best public bids on the day.









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!





If you have an offer in the market and are looking to sell soon, adjusting your offer price closer to public bids and giving your offer time to attract demand is likely to be a more profitable strategy than being a forced seller at cash values.

There is no downside in having your warehoused grain on offer - It's free to offer and you can edit or cancel your offer at anytime before it trades.

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

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.

CGX prides itself as an industry leader in efficient and secure payment. Click here for more information or call us on 1800 000 410.


 

New functionality - 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
 
Forgotten your CGX password? Click here to reset

     follow us on twitter & join the conversation

               @cleargrain for updates
               @cleargraintrade for live feeds of trades 

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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