Jan 6

Weekly Grain Traded CGX - 06 January

CGX now own and operate the igrain market for grain stored on-farm

Buyers wanting Australian grain through the festive period - Growers were actively offering grain for sale now that harvest is finished and buyers were bidding up for it.
32 buyers met grower offer prices to purchase 42 grades - Wheat, barley, canola, lentils, lupins, and oats traded in 15 port zones.
CGX and igrain 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 igrain 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. — 32 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
- 10 in QLD and NSW
- 9 in VIC
- 9 in SA
- 18 in WA
223 sellers sold grain through CGX across 348 transactions - more were offering grain for sale
9 agent and/or advisory businesses sold grain on behalf of growers
42 different grades traded
6 commodities - Wheat, barley, canola, lentils, lupins, and oats
15 port zones traded across QLD, NSW, VIC, SA and WA

Demand through the festive period

There was demand for Australian grain through the festive period of Christmas and New Year.

Many published bids for grades of grain pulled back in the week leading up to Christmas as there was evidence of significant grower selling into cash bids.

This was likely due to many growers finishing harvest and looking to get some sales on their books ahead of the festive period.

It meant buyer bids were pulled back and still getting sold into by growers, meaning prices could keep getting pulled lower - this was an example of harvest price pressure.

Thankfully over the festive period the rush of growers selling into bids appeared to have slowed and growers were actively offering their grain for sale at a price.

This helped to stabilise Australian grain prices with growers offering grain for sale achieving better results than indicated by published cash bids.

Grain is regularly worth more than published bids. Growers create that value by offering their grain for sale at a price.

Australian buyers remained relatively active through the last two weeks as they looked to add to their grain accumulations.

A number of wheat purchases were reported by importers and there was more talk of the Russian's slowing down exports to preserve their tightening stocks.

International demand is swinging towards Australian supply and the world is watching how Australian growers sell their grain.

A total of 100 buyers made 5,891 searches for grain listed for sale on Clear Grain Exchange (CGX) over the last two weeks.

There is demand for all grades of grain with 42 different grades trading through CGX last week in 15 port zones across Australia.

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

Now that harvest is completed for most growers and grain had been allocated to any forward contracts, growers were relatively active in offering their grain for sale.

For grain being carried in warehouse or on-farm, many growers were offering it for sale at the price they want to let buyers know it exists, show them the price they want for it, and actively help create demand for their grain.

This was achieving good sales results and helping to support prices.

How do growers make sure they're getting full value for their grain?

Simply offer your grain for sale at the price you want on an independent, secure and transparent exchange. All buyers can then see your grain, crunch their numbers and try and buy your grain.

It costs nothing to have your grain offered for sale on CGX, and you can edit or cancel it at anytime with no cost. If it sells CGX charge $1/t and we always say to factor that into your price.

If a buyer approaches you directly with a bid at or above the price you have it offered on CGX, simply cancel your offer and sell it to them as you normally would.

You've lost nothing by having you grain offered for sale on CGX, yet you've given every buyer in the market the opportunity to try and buy your grain. You've encouraged more buyers to participate in buying your grain, and you've helped ensure as many buyers as possible continue to try and buy your grain.

Growers have a say in the price of Australian grain by showing all buyers the price at which they are willing to sell. This is achieved by proactively listing grain for sale, rather than simply reacting to buyer bids.

A summary of what traded on CGX lin the last two weeks is provided in the charts and tables below. See more prices of what traded by logging in to your CGX or igrain accounts.

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.