Weekly Grain Traded CGX - 5 January

Grain stored on-farm can now be sold on CGX

Happy New Year! Now's a good time to get organised for grain selling - 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.
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

26 buyers purchased grain on CGX - more were searching for grain
- 5 in NSW
- 7 in VIC
- 4 in SA
- 17 in WA
124 sellers sold grain through CGX across 188 transactions - more were offering grain for sale
10 agent and/or advisory businesses sold grain on behalf of growers
28 different grades traded
8 commodities - Wheat, barley, canola, faba beans, lentils, lupins, maize, oats
14 port zones traded across NSW, VIC, SA and WA

Happy New Year! Now let's get organised

Happy New Year from the team here at Clear Grain Exchange. Hoping you and your families kept safe and we wish those with harvest still to go a smooth run to finish.

The exchange was open for trading Monday, Tuesday, Wednesday and Friday last week and we saw many growers logging in or calling Clear Grain Exchange to offer grain for sale.

This can be a nice time for growers to set their sell prices for 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 the festive period.

Now is a good time to get organised and set your price targets so they don't get missed if any opportunities eventuate.

Buyers remain active in trying to accumulate grain and are regularly very active early in the New Year as export programs ramp up and domestic users respond to the shape of the crop's quality.

Growers can set sell prices and be ahead of that demand to impact bids, and take the pressure off themselves potentially missing opportunities while taking time off!

26 buyers purchased grain through Clear Grain Exchange (grain stored in warehouse) and igrainX (grain stored on-farm) in 4 days last week.

27 buyers were bidding for grain offered for sale and 77 buyers made 3,668 searches for grain offered for sale. There are plenty of buyers who want to buy Australian grain.

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

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!

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

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.

More geopolitical tensions arising over the weekend are a reminder that factors can emerge that influence markets, and while global stocks-to-use remain relatively tight across many ag commodities, markets can provide pricing opportunities for growers if they're organised to capture them.

There are plenty of buyers for Australian grain, demand often lifts early in the New Year after the festive period. Make it easier for all buyers to try and buy your grain.

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.

Last week 28 grades of wheat, barley, canola, faba beans, lentils, lupins, maize, and oats traded through Clear Grain Exchange and igrainX at grower target prices.

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.

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

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.