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Independent exchange is advancing the Australian grain industry
18,000+ growers, 350+ buyers, 20 Million+ tonnes traded, $7 Billion+ securely settled.
In the past decade, Clear Grain Exchange (CGX) has grown to become a mainstay in the Australian grain industry.
As the only independent exchange for physical grain in Australia, CGX has seen remarkable approval from the industry, with more than 4.8 million tonnes of grain settled through the exchange in season 2022/23 alone.
A focus on streamlining the traditional, and often cumbersome, grain selling process into an efficient and easily accessible online exchange has simplified the process for all parties involved and seen grain regularly trade at higher prices.
Underpinning the CGX business are 3 key pillars.
An independent exchange - CGX is not a buyer, seller or adviser of grain. It is not CGX’s role to have a view on price. This ensures the exchange operates without any potential bias, fostering a fair market where as many buyers as possible can participate in trying to buy Australian grain.
Secure settlement - CGX settles grain contracts. This is a unique offering in the Australian grain industry that ensures sellers retain title of grain and buyers retain title of funds until the contract is settled. It also ensures industry levies and royalties are disbursed and payment records are accessible online.
Accessibility - A focus on supporting users, facilitating industry good functions, and continual investment in CGX technology, has reduced barriers into the Australian market, enabling growers to reach all buyers and benefit from transparency of grain transactions.
CGX's managing director, Nathan Cattle, emphasises the exchange's role in fostering a transparent grain market where counter-party risks are minimised, and a wider array of buyers are encouraged to participate.
“Growers can have a direct impact on the efficiency of the Australian grain market. The simple act of offering grain for sale at a price they want, on an independent exchange, creates so much value for growers and broader industry.”
“All buyers can see the grain offered for sale and be encouraged to try and buy it", Nathan explains.
The evidence is Clear with grain regularly selling at better prices than growers may have thought was available.
The most recent innovation for CGX is the integration of igrain into the CGX ecosystem which extends the exchange’s approach to grain stored on-farm, further simplifying the supply chain and enhancing accessibility for all market participants.
The approach of accessibility, independence and secure settlements will enable Clear Grain Exchange to continue its mission of supporting the Australian Grain Industry into the future.
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Trace minerals are required for optimal growth, reproduction, and immunity. Optimising trace mineral status relying solely on oral supplements across a herd may fail because of variation in individual intake and reduced absorption due to antagonism of other ration components and minerals. The use of injectable trace mineral supplements has been associated with positive reproductive outcomes including improved conception rate, increased odds of pregnancy and greater final in calf rate. A study conducted on 2,168 dairy cows, administered injectable trace minerals, four weeks prior to calving and again four weeks prior to the start of mating showed treated animals had a 3.3 per cent greater final in-calf rate, and a reduced time from start of mating to conception, compared to control animals 1 . The Importance of B12 Dr Carl Eden, Technical Services Veterinarian with Boehringer Ingelheim says “Vitamin B12 is sometimes referred to as a ‘super vitamin’ because it is only required in very small amounts but vital to many essential metabolic pathways. However, demand for B12 can vary considerably during the year and we see serum levels of B12 fall at critical times, such as the first few months after calving.” Vitamin B12 contains cobalt, so deficiency in cobalt can lead to deficiency in vitamin B12 because ruminants get most of their B12 as a byproduct of ruminal fermentation where the bacteria in their rumen assemble B12 from cobalt for use by the cow. Sub-optimal trace mineral and vitamin B12 status at calving, mating, and drying off has been shown to negatively impact growth, reproduction, and immunity. Using a trace mineral injectable containing vitamin B12 can improve trace mineral and vitamin B12 status at these critical times. Marks-Min with Vitamin B12 – The Evidence In the largest trace element study to date, Marks-Min Injectable Trace Mineral with Vitamin B12 demonstrated remarkable results when compared to a reference trace mineral injection. “Given the differences between Marks-Min and other products on the market, we wanted to generate a compelling data set to demonstrate how effective it was compared to the pioneer product. We entrusted this work to a third-party research company” says Dr Eden. “We chose farms that were at the top of their game from a reproductive perspective. We made sure that the farms had no evidence of trace element or vitamin B12 deficiencies or excess.” Across all outcomes of interest, Marks-Min demonstrated clear non-inferiority when compared to the reference product. Outcomes measured included submission, pregnancy and conception rates, and six week in-calf rate. Marks-Min demonstrated it is highly suited as an alternative treatment to the reference product. Reference: 1. Hawkins, D., and B. V. S. Franklin. New Zealand Dairy Veterinarians Newsletter 24 (2007): 12-16 Company website: livestockfirst.com.au Company email address: CustomerCare.Australia@boehringer-ingelheim.com Company video: https://vimeo.com/1138807630?fl=pl&fe=cm
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