5 days ago

Weekly Grain Traded CGX - 13 January

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

Grain prices improve - A weaker Aussie dollar and growers actively offering grain for sale at prices saw buyers bidding up to buy it.
44 buyers met grower offer prices to purchase 47 grades - Wheat, barley, canola, faba beans, lentils, lupins, peas, and oats traded in 14 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. — 44 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

44 buyers purchased grain on CGX - more were searching for grain
- 17 in QLD and NSW
- 15 in VIC
- 8 in SA
- 22 in WA
402 sellers sold grain through CGX across 635 transactions - more were offering grain for sale
17 agent and/or advisory businesses sold grain on behalf of growers
47 different grades traded
8 commodities - Wheat, barley, canola, faba beans, lentils, lupins, peas, and oats
14 port zones traded across QLD, NSW, VIC, SA and WA

Grain prices improve

The Australian dollar exchange rate to the US dollar traded up to a high of US$0.63 at the start of the week before losing 2 US cents to close closer to US$0.61.

A weaker Australian dollar helps to make Australian grain exports more competitive and this flowed through to see a lift in Australian grain prices.

There were many examples last week of grower offer prices impacting the price of Australian grain with assistance from a weakening Australian dollar.

Many grain prices improved as buyers pushed prices higher to accumulate grain and match grower target prices where grain was offered for sale.

Some wheat grades improved by $15/t through the week as we saw buyers out bid each other at times in a flurry to get hold of specific grades.

The volume of grain offered had been building at certain price levels growers were targeting, and once bid prices got close to those levels other buyers would jump in to out bid the others as their concerns grew over the grain being bought by another.

This in turn pulled the published bids higher with those bids lagging the higher traded prices achieved earlier.

They're great examples of growers directly impacting Australian prices by showing their offer prices to all buyers and setting the market.

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

By showing all buyers the prices they will sell for growers are keeping as many buyers as possible interested in their grain and creating demand.

The more buyers that can see your grain for sale, the more buyers that can crunch their numbers and try to buy your grain - that's a good thing.

And with Clear Grain Exchange (CGX), growers are protected at all times with anonymity and secure settlement ensuring they retain title until paid.

A total of 106 buyers made 10,050 searches for grain listed for sale on Clear Grain Exchange (CGX) just last week.

There is demand for all grades of grain with 47 different grades of wheat, barley, canola, faba beans, lentils, lupins, peas, and oats trading through CGX last week in 14 port zones across Australia.

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

International demand is swinging towards Australian supply at this time of year and the world is watching how Australian growers sell their grain.

Now that harvest is completed for most growers and grain has been allocated to any forward contracts, growers can actively offer their grain for sale.

Simply offer your grain for sale at the price you want on an independent and secure 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 disclosed at time of offering 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 in 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.