Weekly Grain Traded CGX - 14 July

Clear Grain Exchange
Jul 14
4 min read

Grain stored on-farm can now be sold on CGX

Many prices improved briefly last week - Grain sold averaged $14.20/t above best published bids, some up to $80/t above last week.
105 buyers searched grain for sale on CGX and igrainX last week - 139 growers achieved their price to sell 30 grades of wheat, barley, canola, lentils and lupins to 34 buyers.
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. — 34 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

34 buyers purchased grain on CGX - more were searching for grain
- 15 in NSW and QLD
- 9 in VIC
- 4 in SA
- 13 in WA
139 sellers sold grain through CGX across 185 transactions - more were offering grain for sale
9 agent and/or advisory businesses sold grain on behalf of growers
30 different grades traded
5 commodities - Wheat, barley, canola, lentils, lupins
10 port zones traded across QLD, NSW, VIC, SA and WA

Many prices improved briefly

Last week provided opportunity for some growers to achieve their target prices and sell more grain, however those improvements in prices were often sporadic, unpredictable, and only lasted a brief time.

This meant many growers and their agents that did not offer their grain for sale at the price they wanted, missed the opportunity to sell grain at those prices.

We regularly get calls and emails from growers and their agents after a short rally hoping to sell at the prices that were achieved earlier that day.

Don't react to price movements and miss opportunities to sell. Be proactive by setting your sell price and impact market prices.

Grain sold through CGX averaged $14.20/t above best published bids last week, some grain traded up to $80/t above advertised buyer prices.

The price growers set on CGX impacts the price grain trades not just on the exchange, but across the broader Australian grain market.

So far this season 3,513 growers have offered grain for sale and sold 10,113 parcels of their grain at prices they were targeting.

All growers should be offering grain for sale on an independent exchange and helping to set market prices rather than sitting on the side-lines and reacting to prices buyers advertise.

The more Australian growers offering grain for sale, the greater say growers have on the price grain trades!

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

139 different selling businesses were able to achieve their price targets to sell 30 grades of wheat, barley, canola, lentils and lupins to 34 different buyers last week.

35 buyers bid for grain offered for sale on the exchange last week, and a total of 105 buyers made 4,528 searches for grain.

20 buyers met grower target prices to purchase 18 grades of wheat last week making up 81% of all grain traded through the exchange and included grain stored in warehouse and on-farm.

Demand for barley grades remained active with 12 different buyers meeting grower prices to purchase 5 different grades often significantly above best published bids.

Canola was trading well above published bids. Grain stored on-farm is also highly sort after and achieving prices growers may not have known were available.

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

Don't just sell into published bids or prices on cash boards which can weigh down prices, growers have a say in prices so offer your grain for sale at the price you want to all buyers and impact price!

Growers can create demand for their grain! The simple act of offering grain for sale creates so much value for growers and the grains industry.

There's no downside and your grain regularly sells at prices growers and their agents didn't know existed.

The intent of CGX is try and get as many buyers as possible to try and buy growers grain, and growers can control this by offering grain for sale.

That's how you get as many buyers as possible trying to buy your grain, not just for this season, but for future seasons creating a more sustainable industry for growers.

The prices traded through the exchange at a port track 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.

You can also call the CGX team at 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.