Commodities

• PM Report: Positive End Of The Week For Aussie Wheat

  23^rd October 2009

  US wheat futures extended gains Thursday on fund and technical buying and led the upside in grains and soybeans. CBOT December wheat ended up 9c at 552USc/bu and KCBT December contracts gained 7c to 553USc/bu. There are some worries about delayed plantings of U.S. soft red winter wheat due to t... more

• PM Report: Aussie Canola Misses Out On International Rally

  21^st October 2009

  Wheat held on well despite a turnaround in the factors that drove it higher on Monday night (higher crude, weaker $US and higher corn and beans prices). CBOT December wheat closed steady at 518USc/bu. Delays are seeing end user stocks become increasingly tight and ethanol prices rose. December c... more

• PM Report: Aussie Markets In Line With International Trends

  16^th October 2009

  The markets were lower overnight, as traders took the opportunity to book profits after the recent upward movement of markets and on the favorable weather projections. Soybeans lead the decline, with December CBOT beans falling 11c to close at 983USc/bu. Winnipeg canola was also lower, followi... more

• PM Report: Aussie Markets In Line With International Trends

  16^th October 2009

  The markets were lower overnight, as traders took the opportunity to book profits after the recent upward movement of markets and on the favorable weather projections. Soybeans lead the decline, with December CBOT beans falling 11c to close at 983USc/bu. Winnipeg canola was also lower, followi... more

• AM Report: Markets Record Gains On Weaker $US

  15^th October 2009

  The continued weakness in the $US has seen commodity prices strengthen in yesterday’s Trade. Unfavourable weather is also supporting corn and soybeans, which in turn is lending strength to wheat. Soybeans were slightly higher, but closed off session highs. November CBOT beans finished 1c highe... more

• PM Report: A$ Weighs Upon Aussie's Ag Commodities

  15^th October 2009

  The continued weakness in the $US has seen commodity prices strengthen in yesterday’s Trade. Soybeans were slightly higher, but closed off session highs. November CBOT beans finished 1c higher at 994USc/bu. Canola recorded slight gains. November Winnipeg contracts were 0.60c higher, closing... more

• PM Report: Aussie Wheat Follows The Overnight Markets

  14^th October 2009

  US wheat continued to grow on the overnight markets to seven-week highs mainly on the push from technical buying and short-covering pushed. CBOT December contracts ended up 17c at 511USc/bu and KCBT December wheat finished 14c higher at 525USc/bu. CBOT corn futures finished slightly higher Tues... more

• AM Report: Wheat Gains On Technical Support; Soybean And Corn Fix Profits

  14^th October 2009

  US wheat continued to grow on the overnight markets to seven-week highs mainly on the push from technical buying and short-covering. CBOT December contracts ended up 17c at 511USc/bu and KCBT December wheat finished 14c higher at 525USc/bu. There was an absence of supportive fundamental news to... more

• PM Report - Aussie Wheat & Canola Markets Rally

  13^th October 2009

  US commodities markets surged overnight, with corn, soybeans and wheat all making gains. The $US was weaker, crude oil and gold were stronger, improving the tone of commodities markets. The Winnipeg exchange was closed for the Thanksgiving holiday. CBOT November soybeans closed at 999USc/bu, an ... more

• PM Report: Canola Leads The Way Both On International And Aussie Markets

  12^th October 2009

  U.S. wheat futures, although closed higher on the week, fell on Friday after the USDA reminded traders about ample supplies. CBOT December contracts ended down 6c at 468USc/bu, up 27c on the week. CBOT corn futures were also lower on Friday in a pullback from recent gains. December contracts fe... more

• AM Report - Weather Still Dictates The Mood Of US Coarse Grain Markets

  12^th October 2009

  U.S. wheat futures, although closed higher on the week, fell on Friday after the USDA reminded traders about ample supplies. CBOT December contracts ended down 6c at 468USc/bu, up 27c on the week and KCBT December wheat ended down 5c at 485USc/bu. Short-covering and technical buying helped price... more

• PM Report: Strong A$ Weights On Aussie Markets

  9^th October 2009

  It was a strong day for commodities on Thursday, with canola, soybeans, corn and wheat contracts all closing higher. Soybeans closed at 3 week highs with CBOT November contract gained a huge 24c to close at 936USc/bu. Canola finished at $CA377/t, a gain of $4 for the November Winnipeg contract.... more

• PM Report: Aussie Feed Grains Finaly Get Some Support

  8^th October 2009

  Soybeans have continued their choppy trading activity. December CBOT contracts fell 2 c to close at 912USc/bu. Canola prices eased slightly with November Winnipeg contracts down less that $1 at CA$373/t. Rains have halted harvest for the moment, which is providing some price support along with t... more

• PM Report: Aussie Wheat Responds To The Overnight Markets

  7^th October 2009

  The weaker dollar set a supportive tone for commodities across the board. CBOT December corn futures were up 17c to 358USc/bu, and March corn was up 16c to 370c/bu. With most wheat now in the bin, CBOT wheat futures were definitely a follower gaining 17c at 460USc/bu. CBOT November soybeans fin... more

• PM Report: Aussie Wheat Is Restrained By Stronger A$

  6^th October 2009

  CBOT November soybean contract manages to close unchanged at 885USc/bu despite oilseeds dramatic fall to 6 month lows. Strong demand and a delayed harvest are giving support to nearby contracts. Canola was lower, with the November Winnipeg contract losing $3.10 to CA$371/t. The late developmen... more

• PM Report - Aussie Markets Brighten Up As The A$ Losses Some Strength

  2^nd October 2009

  A firmer US$ overnight has seen a drop in US commodities overnight as the bearish tone of the market takes the forefront. CBOT November soybeans were 9c lower, closing at 918USc/bu. Canola contracts were higher in yesterday’s trade. The Winnipeg November contract gained $2.60 to close at CA... more

• PM Report - Strong $A Pressures Aussie Markets

  1^st October 2009

  Weakness in the $US and gains in crude oil, soybeans and corn lent some spillover support to wheat. CBOT December wheat futures closed up 10c at 458USc/bu. CBOT November soybeans finished 10c higher at 927USc/bu. Although the market understands there is a big crop coming, the combination of stro... more

• PM Report - Wheat Still Struggling To Find Bottom.

  30^th September 2009

  CBOT December wheat closed down 8c at 447USc/bu, indicating US wheat is still too expensive and has tough time competing against Black Sea region. Also following wheat, soybean futures on the Chicago Board of Trade ended lower Tuesday with November contracts finishing 2c lower at 917USc/bu. CBO... more

• PM Report - Wheat Still Struggling To Find Bottom.

  30^th September 2009

  CBOT December wheat closed down 8c at 447USc/bu, indicating US wheat is still too expensive and has tough time competing against Black Sea region. Also following wheat, soybean futures on the Chicago Board of Trade ended lower Tuesday with November contracts finishing 2c lower at 917USc/bu. CBO... more

• PM Report - Aussie Markets Echo International Trends

  29^th September 2009

  CBOT November soybeans finished 7c lower at 920USc/bu. Solid underlying export demand and tight availability of near-term supplies remain bullish traits that limit downside risks. November canola posted slight drop by $4 overnight to CA$383/t. Prices were pressured by the fast pace of harvest an... more