Weekly Grain Traded CGX - 16 June

Clear Grain Exchange
Jun 16
3 min read

Grain stored on-farm can now be sold on CGX

Growers have a choice amid uncertainty - If uncertain of what prices may do, you can still be proactive and offer grain for sale at the price you want.
26 buyers met grower offer prices to purchase 21 grades - Wheat, barley, canola, lentils, lupins, and sorghum traded in 10 port zones. Grain sold averaged $8.50/t above the best published bid ranging from $46/t to $0/t.
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. — 26 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
- 9 in NSW and QLD
- 5 in VIC
- 3 in SA
- 13 in WA
51 sellers sold grain through CGX across 70 transactions - more were offering grain for sale
4 agent and/or advisory businesses sold grain on behalf of growers
21 different grades traded
6 commodities - Wheat, barley, canola, lentils, lupins, oats
10 port zones traded across QLD, NSW, VIC, SA and WA

Growers have a choice amid uncertainty

There appears to be building uncertainty amongst growers in recent weeks on what to do with grain sales.

Some rain events have seen buyer bid prices soften, yet many growers remain extremely uncertain over next years crop prospects.

Softening prices amongst uncertain crop production is a challenging set of circumstances, yet there is a positive action growers can do.

If growers would sell at a price, they can offer grain for sale at those prices on an independent exchange so all buyers can see it and try to buy it.

Offering grain for sale doesn't mean you are a seller in today's market or at current bid prices, but it is a proactive step growers can do to show all buyers where you are a seller and ensure you don't miss any opportunities.

Grain is still trading at grower target prices which is often well above published bids from buyers. Growers have the opportunity to help set prices.

If growers have a price in mind for their grain, get it out there on offer. There is no downside in doing so, only upside. Growers are anonymous, there is no cost until it trades, and growers are in complete control of the price.

Grain regularly trades at prices growers didn't realise existed - because they were proactive and offered grain for sale at the price they were targeting.

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

Grain sold through the exchange last week averaged $8.50/t above the best published bid on the same day and ranged from $46/t to $0/t above.

51 different selling businesses sold 21 grades of wheat, barley, canola, lentils, lupins and oats to 26 different buyers last week.

Plenty of buyers are looking for grain with 38 buyers bidding for grain last week and 100 buyers made 3,307 searches for grain listed for sale on Clear Grain Exchange and igrainX.

There are plenty of buyers searching for Australian grain offered for sale.

The alternative to offering grain for sale is waiting and reacting to buyers published bids which are regularly not reflective of trade prices, and the waiting can cause angst.

Offering grain for sale is a positive action in growers control.

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.