Clear News & Updates

CGX Trade Opportunities Report - January 20

January 20, 2020

Highlights

  • Buyer interest remains despite rain tempering bids - 28 buyers purchased wheat, barley, canola, sorghum, oats, faba beans and lupins.
  • OFFER your grain at your price - create demand for your grain by offering it at your price on an independent and secure grain exchange.
  • Access our secure settlement for more grain contracts at more locations - CGX will now settle any grain contract (including ex-farm), we are settling cash at site bids, and now operate at T-Ports storage sites.
    Contact us for more details.
Call us on 1800 000 410 and offer your grain at your price

Trade stats for last week

  • 28 buyers purchased grain on CGX - more searching
  • 32 grades traded
  • 7 commodities traded - wheat, barley, canola, sorghum, oats, faba beans, lupins
  • 12 port zones traded across QLD, NSW, VIC, SA and WA
  • 3 seasons traded - 17/18, 18/19, 19/20
Rain tempers grain values

The recent run of grain values pushing higher tempered last week as rain fell in parts of eastern Australia. The rains saw buyers reducing bids in some areas although remained relatively active in searching for grain on offer.

28 different buyers purchased wheat, barley, canola, sorghum, oats, faba beans and lupins last week across all the major grain growing states.

Many growers were able to achieve their offer prices despite the slightly softer tone in prices last week compared to the week/s before. It just goes to show, if you don't have your grain out there you will never know!

In some cases, trades on the exchange last week were higher than the week before. This shows the value of the firm offer no matter what the public cash prices might indicate.

Wheat made up 35% of all trades with APW1, H2 and ASW1 being the majority of trades across Kwinana, Port Adelaide and Melbourne. 10 different grades of wheat traded across 7 different port zones. 

Barley made up 32% of trades with continued interest for feed and malt grades. There were strong trades of barley across all zones even though public numbers softened last week. A good example was SP1 malt barley trading at $290 in Warracknabeal, see trade summary charts below. 

Oats represented 24% of trades which was a higher overall proportion of trades as buyers bid strongly for OAT1, OAT2 and OWAN1 across Kwinana and Albany zones. 

Canola, Sorghum, Faba Beans and Lupins rounded out the week and traded strongly compared to the best public bids on the day.

See below examples of trades last week versus the best public bid.







This demonstrates the value of growers "offering" their grain at the price they want on an independent and secure exchange.

All commodities and grades are traded on Clear Grain Exchange and the above suggests it doesn't matter what grade you have or where it is, offer it up at the price you want and let all buyers see it and try to buy it.

As long as you have an offer in the market you will be notified of trading opportunities happening in your port zone for the grade you have on offer. If you are looking to move your offer quickly it is always a good idea to adjust your offer closer to recent trades or indicative prices to give it the best chance of trading.

It's 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!

By offering your grain at your price on the exchange it helps to create demand for your grain because buyers can see it and crunch their numbers to try and buy it. 

More offers on the exchange helps to attract more buyers for your grain!

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

    follow us on twitter & join the conversation

               @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.

Secure settlement for cash pricing at GrainFlow

On the back of industry demand for payment security, CGX is now providing secure settlement for cash prices published at GrainFlow sites.
 
This means growers who want to sell to a cash price at the site can do so with the knowledge they will retain title of their grain until funds have been received in full via CGX’s secure settlement.
 
Now growers can accept a cash price with secure settlement over the weighbridge or transfer to a cash price from warehouse by simply looking for ‘CLEAR Settle’ next to a buyers cash price (e.g. ‘Arrow CLEAR Settle’ refer image).
 
Any grain sales made to a cash price with ‘CLEAR Settle’ next to it will be settled by CGX’s secure settlement facility so growers won’t lose title of their grain until paid.


 
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 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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CGX Trade Opportunities Report - December 30