Weekly Grain Traded CGX - 24 November

Clear Grain Exchange
15 hours ago
5 min read

Grain stored on-farm can now be sold on CGX

Lift in buyers searching for grower sell prices - Growers offering grain for sale through the independent exchange are impacting all buyer bids. 117 buyers were searching for grain offered for sale last week.
Deliver and OFFER grain for sale - Growers can frame the market by offering grain for sale at their sell prices versus all buyer bid prices.
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. — 25 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

32 buyers purchased grain on CGX - more were searching for grain
- 3 in QLD
- 12 in NSW
- 2 in VIC
- 5 in SA
- 13 in WA
116 sellers sold grain through CGX across 142 transactions - more were offering grain for sale
8 agent and/or advisory businesses sold grain on behalf of growers
34 different grades traded
7 commodities - Wheat, barley, canola, chickpeas, lentils, lupins, triticale
14 port zones traded across QLD, NSW, VIC, SA and WA

Lift in buyers searching for grain

The Australian harvest continues to be disrupted by wet and cool conditions in many parts of Australia.

This is putting some pressure on exporters with supply chain commitments and sales on their books to execute against.

As previously highlighted, most grain growers across Australia grow more than one type of grain and often deliver various grades of each grain they grow.

The power in this for growers is that they have a portfolio of grades when looking to sell, and often there is one or more of those grades in demand with buyer appetite and higher prices at any time relative to other grades.

Last week volumes trading through CGX were canola, barley, and better quality wheats. Lentils offered for sale also attracted buyer interest.

Canola and barley are making up shipping stems in southern and western ports indicating a focus by exporters on those grades and resulting demand. Lentils are a major feature on stems through South Australia. Chickpeas and wheat make up a larger proportion of stems in the eastern states.

Higher protein milling wheats are regularly sought after during harvest by millers requiring specific quality grains.

Whether growers are selling a grade that appears to be in demand or holding grain for selling in the future, they can be offering grain for sale at prices to all buyers rather than hitting cash bids or hiding gain in storage.

The number of buyers searching for grain offered for sale on Clear Grain Exchange and igrainX is rising as harvest takes shape, with demand for Australian grain increasing and more buyers engaging the market.

Buyers are 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.

The opportunity for growers is to frame the market by offering grain for sale at their sell prices versus all buyer bid prices.

Growers offering grain for sale through the independent exchange are impacting all buyer bids.

Last week 34 grades of wheat, barley, canola, chickpeas, lentils, lupins, and triticale traded with 32 buyers purchasing and 35 buyers bidding for grain through Clear Grain Exchange (grain stored in warehouse) and igrainX (grain stored on-farm).

But the impact of growers offering through the exchange is much larger than that! 117 buyers made 5,082 searches for grain offered for sale.

If you’re harvesting or close to harvest and comfortable some of your production is assured, now’s the time to offer grain for sale for all buyers to see.

Growers can help avoid downward price pressure at harvest by offering grain for sale.

How Australian growers sell their grain is having an impact on prices here and globally. Sell a lot of grain quickly into cheaper and cheaper bid prices and it pushes prices lower. Offer grain for sale against bids and show buyers the sell prices of growers and it can stabilise and improve values.

Rather than delivering and selling by hitting cash bids, deliver and offer grain for sale at your price and help set the market. Be proactive, take control, and offer.

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

Australian grain is needed by the world and international buyers are turning their attention towards Australian price expectations.

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.

Whether growers are selling a grade that’s in demand or holding grain for selling in the future, it can be offered for sale at a price to all buyers rather than hitting cash bids.

For grain that’s in demand, offering grain for sale helps growers frame the market and establish its true price by enabling buyers with the highest demand to get the grain.

For grain that growers plan to sell in the future, offering grain for sale at their higher sell price helps show all buyers, keeps them interested, and helps to support grain prices.

There’s no downside in offering your grain for sale, only upside – why wouldn’t you offer all of your grain?

Growers can help avoid downward price pressure at harvest by offering grain for sale - there is demand for Australian grain.

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 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.