Weekly Grain Traded CGX - 17 February

Clear Grain Exchange

Feb 17

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

Buyers responding to grower prices - 429 sellers sold grain across 584 transactions last week with some selling on-farm grain through the new igrainX.
43 buyers met grower offer prices to purchase 44 grades - Wheat, barley, canola, faba beans, 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. — 43 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

43 buyers purchased grain on CGX - more were searching for grain
- 19 in QLD and NSW
- 19 in VIC
- 15 in SA
- 20 in WA
429 sellers sold grain through CGX across 584 transactions - more were offering grain for sale
18 agent and/or advisory businesses sold grain on behalf of growers
44 different grades traded
7 commodities - Wheat, barley, canola, faba beans, lentils, lupins, and oats
15 port zones traded across QLD, NSW, VIC, SA and WA

Buyers responding to grower prices

Australian growers continued to offer grain for sale at prices they want last week and it's impacting grain prices.

There were 429 sellers of grain across 584 transactions through Clear Grain Exchange (CGX) last week and more growers offering grain for sale at their prices.

The grower behaviour is attracting bids on their grain within the exchange, but it's also pulling published bids higher that are advertised outside of CGX.

Growers are impacting the price of Australian grain by setting their price and showing the market, while being protected by anonymity and secure settlement.

It costs nothing to list grain for sale on CGX, and growers can edit or cancel their grain offered for sale at anytime.

Hence there's no downside in offering your grain for sale on CGX and more growers appear to be taking advantage of this to impact prices.

Last week we saw this grower behaviour transferring into grain stored on-farm. Users of CGX may have noticed they can now list on-farm grain for sale through their online CGX account.

Grain listed for sale that's stored on-farm is protected by counterparty insurance, a diligent buyer registration process, and CGX managing invoicing and collection of funds from the buyer on the growers behalf.

The new independent and secure market for grain stored on-farm is igrainX, and a number of growers were actively offering grain stored on-farm for sale through igrainX and trading last week.

More detail regarding igrainX will follow. Please login and have a look and/or call our support team at anytime.

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

Last week 43 buyers purchased grain through Clear Grain Exchange (CGX) and a total of 118 buyers made 8,617 searches for grain listed for sale on the exchange.

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

Australian grain is in demand and growers are impacting the price of grain by showing the market their price!

Wheat made up 74% of all grain traded through CGX last week. 18 different wheat grades traded with similar prices being achieved across all grades in many locations.

Wheat has become wheat in many areas and reflects feed demand underpinning prices. Higher protein milling wheat grades have been trading at better values in most instances as millers and exporters secure cover.

Barley, canola, faba beans, lentils, lupins, and oat grades were also trading with buyers bidding up prices to levels growers had been asking for.

Please refer to the tables below providing a summary of prices traded through CGX last week, or better yet, login to your online CGX account to search and view all prices.

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.