Clear News & Updates

CGX Trade Opportunities Report - Aug 14

August 14, 2017

Highlights:

  • Great to see everyone at AGIC - We loved meeting with many grower, agent and buyer customers at AGIC last week! 
  • CGX participants are getting real benefits - Making it easier for buyers to find sellers; and sellers (or their Agents) to find buyers.
  • The price stand-off continues - Growers hold out for better values, but CBOT and A$ moves are pushing buyer bids lower.

CGX Trade Opportunities Report - July 3

FREE TO REGISTER - FREE TO OFFER

Buyers struggle to meet grower price expectations

There was little activity in CGX by way of trades as growers remain patient with their offer price targets which are above what buyers are able to pay currently.

"Bid" volumes on the exchange continued to increase throughout each day so there remains appetite to buy, but unfortunately movement in the A$ and CBOT wheat futures over the past week continued to pull prices lower.

The monthly USDA Supply and Demand report was released last week and continued to portray bearish numbers with excessive supply.

As we stated last week, it doesn't feel like price expectations between buyers and sellers will change anytime soon without an event to spark it. Hopefully that event can be another rally in CBOT and weakness in the A$ to enable prices to climb higher, and not more dry conditions in many areas of Australia.


Source: Profarmer Australia

Having your offer in CGX means you don’t miss potential selling opportunities regardless of how short lived they may be! 

Click here to view recent trades

CGX keeps you in control - there's no downside!

CGX ensures its users are always in control of their offer or bid price; there is no cost in registering an account, and no cost in creating, editing or cancelling your offer or bid before it trades which can be done at anytime 24/7!

Market open hours of the exchange are between 10:00am and 6:30pm AEST at which time all bids and offers in the market are live and "firm" meaning they will trade if there is a match. 

If your grain trades sellers and buyers are protected by anonymity and a secure settlement process that ensures sellers do not lose title of their grain until payment is received.

Additionally growers can manage their offer price via approved Agents of CGX (such as their professional marketing consultant). 24 different grower Agent businesses around Australia used CGX on behalf of their clients this past season.

Hence there is no downside in giving the exchange a go! Make sure you're organised for this harvest by having your Clear Grain Exchange account set-up and ready to go.

Your Grain - Your Price - Your Exchange

If you need help registering a Clear Grain Exchange account, offering your grain or placing bids, please don’t hesitate to contact the team.
P: 1800 000 410
E: support@cleargrain.com.au


Ensure your Clear Grain Exchange account is set-up so you're ready to offer your price!

Forgotten your CGX password? Click here to reset

More volume on CGX creates more value

The purpose of Clear Grain Exchange is to build and operate markets that improve economic returns at the farm gate. This is achieved by creating a more efficient market place.

All participants in the Australian grain market receive the benefit of increased price discovery with buyers finding it easier to find sellers; and sellers (or their Agents) finding it easier to find buyers.

This results in trades for grades in locations at values that may not otherwise have occurred! As an example, trades on CGX this season have averaged $4/t above the best indicative bid collected by Profarmer.

Hence the more volume on CGX creates more value! This occurs by making buyers and sellers jobs easier creating a more efficient marketplace.

FREE TO REGISTER - FREE TO OFFER

Market open hours; 10:00am to 6:30pm AEST 

Market open hours of Clear Grain Exchange are between 10:00am and 6:30pm AEST. During this period all bids and offers in the market are live and "firm", meaning if your grain is on offer it will trade if a buyer matches your offer.

You can cancel or edit your offer price at anytime before it trades! The exchange provides you with complete flexibility on managing your offer price either directly or via an approved Agent of the system (such as your professional marketing consultant).

Additionally you receive notifications by sms and email at all steps along the selling process to ensure you feel comfortable at all times (see below).

Hence there is no downside in giving the exchange a go - you can edit or cancel your offer at anytime before it trades and it doesn't cost you anything to do so!

Follow us....        

Click here to view market spreads

Highlights:

  • Grain is grain and values continue to lift - Prices across all grades and locations are well supported as buyers cast a wide net to secure grain.
  • Value of having an offer increases in tight markets - Trades are occurring at values growers may not have realised were achievable.
  • Growers must be comfortable setting their price - You are protected and informed right along the process - no downside in giving CGX a go.
FREE TO REGISTER - FREE TO OFFER

Grain is grain and values continue to lift

Prices across all grades/commodities/locations continue to be well supported as Buyers cast their net wide to secure grain. Whilst trade volumes on Clear Grain Exchange reflect the quality profile of last years crop, buyers are clearly interested in all grades.

ASW1, APW1, H2 wheat and Feed barley made up 35%, 14%, 13% and 9% of all trades on Clear Grain Exchange last week respectively. However 20 grades of 5 commodities traded across 11 port zones in total which reflects the extensiveness of demand

The dryer than normal conditions in many parts of Australia and North American spring wheat areas is seeing buyers pushing values higher despite harvest of the US winter wheat crop now well under way.

Many growers have also been holding onto grain waiting for the new financial year. It will be interesting to see whether the volume offered increases in the coming month or whether the dry conditions locally see growers remain patient and continue to hold grain as a drought hedge.

The lift in prices will hopefully help offset some of the poorer seasonal conditions thus far...... but we all pray for rain.

Click here to view recent trades

Value of having an offer increases in tight markets

Activity in the exchange is following the same theme we have commented on over the past couple of months. That is there remains much more volume behind bids than offers which is price supportive.

On Clear Grain Exchange the majority of trades continue to occur by buyers reaching up and hitting the growers offer price, rather than growers hitting the buyers bid.

As a result trades are occurring at values often not seen in public bids on any day. Or put another way, at values that growers may not have realised were achievable. These trades would not have occurred without the offer in the market

At Clear Grain Exchange our purpose is to build and operate markets that improve farm gate returns. We achieve this by making it easier for;

  1. growers to offer their grain at their price
  2. buyers to purchase grain direct from growers
  3. protecting both parties through anonymity and a secure settlement process
The first step in the process is being ready to offer your grain at your price.
Forgotten your CGX password? Click here to reset

Follow us on twitter for market updates! @ClearGrain

CGX market open hours; 10:00am to 6:30pm AEST

Market open hours of Clear Grain Exchange are between 10:00am and 6:30pm AEST. During this period all bids and offers in the market are live and "firm", meaning if your grain is on offer it will trade if a buyer matches your offer.

You can cancel or edit your offer price at anytime before it trades! Hence, if offshore CBOT and Aussie dollar markets were to move favourably overnight and indicate a rise in grain prices may eventuate the next day, you can adjust your offer price ahead of market open.

The exchange provides you with complete flexibility on managing your offer price either directly or via an approved Agent of the system (such as your professional marketing consultant). Additionally you receive notifications by sms and email at all steps along the selling process to ensure you feel comfortable at all times (see below).

Hence there is no downside in giving the exchange a go - you can edit or cancel your offer at anytime before it trades and it doesn't cost you anything to do so! 

Click here to view market spreads
FREE TO REGISTER - FREE TO OFFER

There is nothing to lose by giving CGX a go!

It’s free to register and free to offer your grain on Clear Grain Exchange and you can edit or cancel your offer at any time before it trades. 

A trade can only occur at the price you put on it, 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!

If you need help registering a Clear Grain Exchange account or offering your grain, please don’t hesitate to contact the team.
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.

CGX Trade Opportunities Report - June 26