Weekly Grain Traded CGX - 29 December

Grain stored on-farm can now be sold on CGX

We're on deck if you want us - We're in the office and available to help get organised with grain selling if you know prices you want or want to discuss.
Don't just offer grain for sale when you're a seller! - Offer grain for sale when you know prices you will sell for, regardless of where prices are bid.
CGX and igrainX enable growers to offer grain for sale - Growers delivering to warehouse can offer grain for sale on CGX. Growers with grain on-farm can offer grain for sale on igrainX and determine pickup/delivery timeframes.

27 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale.

When your grain is offered for sale on CGX all buyers can see it and try to purchase it.

Market stats for last week

22 buyers purchased grain on CGX - more were searching for grain
77 sellers sold grain through CGX across 113 transactions - more were offering grain for sale
7 agent and/or advisory businesses sold grain on behalf of growers
25 different grades traded
7 commodities - Wheat, barley, canola, faba beans, lentils, lupins, oats
11 port zones traded across NSW, VIC, SA and WA

We're on deck if you want us

From the team here at Clear Grain Exchange we hope you had a safe and merry Christmas. For those with harvest still to go, wishing you a smooth run to finish.

The exchange is open for trading Monday, Tuesday, Wednesday and Friday this week and we're available via the usual channels on phone 1800 000 410 and support@cgx.com.au, please feel free to check-in at anytime.

This can be a nice time for growers to set their sell prices on grain. Pricing grain has remained front of mind for many growers; however, for some the priority has been on getting the harvest off ahead of Christmas.

After taking a breath with loved ones over Christmas, we often see growers logging in and/or calling CGX through this period to get their grain out there on offer for sale.

It's a relatively simple task that can yield significant benefit and as such our team is available across the Melbourne and Perth offices to assist as needed - we're here to help. ☺️

Buyers will be active in trying to accumulate grain after taking time off through Christmas and New Year. Gowers can set sell prices and be ahead of that demand to impact their bids.

22 buyers purchased grain through Clear Grain Exchange (grain stored in warehouse) and igrainX (grain stored on-farm) in 3 days before Christmas last week.

25 buyers were bidding for grain offered for sale (41 week before) and 88 buyers made 2,372 searches for grain offered for sale (109 and 8,117 week before). There are plenty of buyers who want to buy Australian grain.

Now is a great time to offer grain for sale for all buyers to see on an independent exchange trying to encourage as many buyers as possible to try and buy grain from Australian growers while protecting growers at all times.

Your grain can't sell at the price you want if you don't have it out there offered for sale, particularly if you're not watching markets while on holiday.

Set your price, impact the market, and know that if the market reaches your price it will sell, while enjoying some family time through January.

Growers are impacting the price of Australian grain by offering grain for sale and leading the direction of all bids.

There has been some sentiment from growers and their agents that they've missed selling opportunities given many prices have retreated.

In many cases, growers are saying "prices have pulled back now, I wish we'd sold more but it was difficult to do so because we were still harvesting, I'm going to wait and look to sell early in the new year".

The learning from this is to not just offer grain for sale when you're a seller, offer grain for sale when you know a price you will sell for!

More and more growers are logging into cleargrain.com.au, or calling in, to offer grain for sale at the prices they're targeting. Growers using marketing agents are encouraging them to offer their grain for sale on the exchange.

Regardless of where prices are being bid, growers and their agents can offer grain for sale at prices they're targeting to sell.

Growers can sell grain for future delivery while they're harvesting to capture prices. This strategy enables growers to capture prices while giving them time to get grain ready for delivery. Separate the sale from delivery.

We are starting to see this happen now with growers offering grain for delivery in future months on the exchange to manage cashflow but also to ensure they capture pricing opportunities if they eventuate.

Last week 25 grades of wheat, barley, canola, faba beans, lentils, lupins, and oats traded through Clear Grain Exchange and igrainX at grower target prices.

There are plenty of buyers for Australian grain, make it easier for them to try and buy your grain.

Growers offering grain for sale are not just impacting prices of grain selling within the exchange, but all prices of grain being bid and trading in the broader Australian grain market.

Offering grain for sale is not about selling for better prices than best published bids, it's about impacting all bids from all buyers, including those published bids advertised on cash boards.

We see buyers logging in and searching grower offer prices on CGX and igrainX in the morning before setting their bids in the broader Australian grain market across cash bids and bid sheets.

There’s no downside in offering your grain for sale, only upside – why wouldn’t you offer all of your grain for sale at prices you're happy with? Be proactive, take control, and offer.

The prices traded through the exchange at a port track (eastern states) or FIS (in WA) level are provided below, but if you're reading this email you will have your own CGX account so login and use it to see what's trading, what's offered, and what's being bid at sites to help you determine the value of grain in your area.

Please call the CGX team anytime for assistance on 1800 000 410.

The tables below provide a summary of traded prices on CGX last week

Note: GTA location differentials are used to convert prices to a port equivalent price, actual freight rates can differ particularly in the eastern states. You can offer any grade for sale to create demand.