Weekly Grain Traded CGX - 20 January

Clear Grain Exchange

Jan 20

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

Growers are pulling prices higher - Buyers were pushing bids up in an effort to get closer to and/or match growers price expectations.
49 buyers met grower offer prices to purchase 53 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. — 49 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

49 buyers purchased grain on CGX - more were searching for grain
- 17 in QLD and NSW
- 18 in VIC
- 9 in SA
- 24 in WA
484 sellers sold grain through CGX across 708 transactions - more were offering grain for sale
20 agent and/or advisory businesses sold grain on behalf of growers
53 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

Growers pulling prices higher

There was demand for all commodities and grades last week as buyers were actively searching the exchange for grain offered for sale.

Where buyers saw grain offered for sale at prices growers were targeting, they were pushing their bids up in an effort to get closer to and/or match the growers price expectations in order to buy the grain.

Buyers would often outbid each other when they saw other bids and parcels of grain trading to secure the next lot of grain. This also dragged advertised published bids higher.

Growers are actively and directly impacting the price of Australian grain by offering their grain for sale and showing all buyers the price they're targeting.

Last week 21 grades of wheat traded through Clear Grain Exchange (CGX) making up 54% of all grain traded. 33 different buyers bought those wheat grades with more searching and bidding for wheat offered for sale all around Australia.

22 buyers purchased 11 grades of barley across Australia making up 32% of all grain traded through CGX last week.

Canola was purchased by 9 different buyers last week with more searching for parcels offered indicating some good demand.

Faba beans, lentils and lupins were purchased by 6 different buyers through CGX last week, while oats had 5 buyers able to find parcels offered for sale they could purchase with more buyers searching.

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.

Through CGX, growers are protected at all times with anonymity and secure settlement ensuring they retain title until paid.

A total of 102 buyers made 10,369 searches for grain listed for sale on Clear Grain Exchange (CGX) just last week.

**There are plenty of buyers searching for Australian grain offered 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 listed for sale on CGX, and you can edit or cancel it at anytime with no cost.

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 listed 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.

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.