Growers can impact their grain prices this harvest.
Harvest can often pressure grain prices down
Many growers “deliver and sell” their grain straight off the header at harvest to generate cashflow.
Often this involves growers selling into bid prices advertised on cash boards. By doing this grain prices are often pushed down.
More grain is available, growers are selling, buyers pull bid prices back - this is often referred to as "harvest price pressure".
Published bids are a GUIDE only
What if growers "deliver and OFFER" their grain for sale this harvest rather than "deliver and sell"?
Growers can offer grain at a price before or during harvest on CGX, rather than waiting till harvest to accept bids on cash boards.
This can help create a more balanced market, where grower OFFERS influence the prices at which Australian grain trades.
The below chart shows APW1 and ASW1 wheat Quambatook GNC trading at grower OFFER targets above best published bids.
Growers have a say in the price of grain.
By offering grain for sale ahead of harvest, growers show buyers their sell price and are able to sell without cashflow pressure.
When grain's on OFFER, growers get relevant and timely market intel such as the price of trades for your grade and port zone.
Plus, you're protected by ANONYMITY and SECURE SETTLEMENT on CGX at all times.
If you use CGX correctly it can only add value
We're here to help!
Please get in touch at anytime!
If you use a grain marketing agent, they can access the exchange on your behalf.
1800 000 410 or support@cgx.com.au
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