Clear News & Updates

CGX Trade Opportunities Report - September 16

September 16, 2019

Highlights

  • Demand for grain lifted again - 24 buyers purchased 29,949t on CGX last week with wheat and barley particularly sought after.
  • Offers are creating opportunity for sellers - Offering your grain at your price helps to attract more buyers creating stronger bids and trade values.
  • 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

  • 24 buyers purchased 29,949t last week on CGX - more searching
  • 22 grades traded
  • 5 commodities traded - wheat, canola, barley, lupins, sorghum
  • 13 port zones traded
  • 3 seasons traded - 17/18, 18/19 and 19/20

Demand lifted again last week

Buyers were aggressively bidding across the exchange creating opportunities for growers with firm offers in the market. 

The majority of traded tonnage was through Western Australia, Victoria and South Australia with sporadic strong trades occurring up the east coast.

Wheat again was sought after strongly representing 76% of trade volumes (ANW2 22%, ASW1 13%, APW1 12%). Barley making up 18%, Canola 4%, Sorghum 2% and Lupins rounding it off. Barley buyers were bidding strongly for F1 barley in VIC as well as on any offers appearing in NSW. 

Canola continues to see steady demand representing 4% of total commodities traded, down from 15% the week before. Buyers are still activity bidding against firm Canola offers although given the recent rise in prices, seller expectations have lifted well above and as a result trading volumes were overshadowed by increases in wheat and barley demand this week. 

Buyers purchased three seasons with 17/18, 18/19 and 19/20 season grain trading, often well above publicly advertised bids. This would appear to be a strong indicator that buyer concerns around the 19/20 season are increasing.

See below examples of trades last week.








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

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!

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!

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

     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.

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 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 - August 12