Clear News & Updates

CGX Trade Opportunities Report - March 2

March 02, 2020

Highlights

  • Grain buyers active but cautious - 20 buyers purchased wheat, barley, canola, oats, lupins and sorghum last week with more buyers searching.
  • 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

  • 20 buyers purchased grain on CGX - more searching
  • 20 grades traded
  • 6 commodities traded - wheat, barley, canola, oats, lupins. sorghum
  • 9 port zones traded across VIC, SA, NSW, QLD and WA
  • 3 season traded - 17/18, 18/19, 19/20
Grain buyers remain active but are cautious

Buyers of grain took a cautious stance last week as markets feel the impact of the coronavirus uncertainty, and rain in some parts of Australia help new crop prospects.

A weaker A$ on the back of the uncertainty in capital markets is helping to support grain values but the dubious impact on trade flows is not necessarily seeing this underpin Aussie grain values.

The tight Aussie grain balance sheet also remains supportive of grain values ahead of new crop becoming available despite some improving crop prospects in parts of Australia.

This resulted in buyers remaining active in buying Aussie grain last week however, were generally cautious over what price they paid for it.

20 different buyers bought grain through Clear Grain Exchange last week with more actively searching for grain on offer and often placing strong firm bids against parcels on offer.

Some growers looking to sell before the end of month adjusted their offers to match the strong bids their offer had generated, however many were happy to sit at their number for the time being hoping the market will bounce back up at some stage.

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. 

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.

Below are 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.

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!

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.

Access CGX paperwork online
 
To access your settlement notice for sales made through Clear Grain Exchange go to "My Sales", select the trade and click on "Notices".

This will provide all information of the sale including relevant deductions made from the sale proceeds such as End Point Royalties, statutory levies etc.

Please note this is accessible at all times from within your Clear Grain Exchange account and is in addition to the emails sent to you at time of your sale settling.
 

 

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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