Commodities

• Brazil's Ethanol Squeeze

  9^th February 2010

  Sugar prices have recorded some impressive gains in the last 6 months. It is thought that strong pricing for sugar will continue for 9 months, due to a global shortage of sugar. It is thought that new season deficit could be as high as 7mmt. These strong prices could lead to Brazil importing eth... more

• PM Report: Aussie Wheat Gains Modest Strength

  24^th December 2009

  Oilseeds continued to fall in overnight markets with March CBOT soybeans down 10.5c to close at 1009USc/bu and Winnipeg January canola fell $1.50 to close at CA$396/t. Aussie canola however showed only modest retreat loosing $1-2/t in WA ports, but stayed firm in most other areas on still stron... more

• PM Report: Canola Is Still The Front Runner For Aussie Grains

  22^nd December 2009

  It was a mixed day for commodities with nearby canola, soybeans and wheat falling and corn managing to climb slightly higher. CBOT January soybeans fell 11.5c to close at 1009USc/bu. January Winnipeg canola lost $3.70, to close at CA$401/t. CBOT corn recorded gains over the day with traders buy... more

• PM Report: Canola Leads Aussie Grain Markets

  17^th December 2009

  Oilseed grains were up on the overnight markets with January CBOT soybeans 4.5c higher at 1060USc/bu, supported by soybean sales to China. January Winnipeg canola closed at CA$413/t, up$1. Chicago corn futures traded slightly higher today. March corn closed at 410USc/bu, higher by 2.75c. A posit... more

• AM Report: Soybeans Tumble And Take Everyone With Them

  3^rd December 2009

  Soybeans lost some of their recent gains tumbling 25.5USc to close at 1034USc/bu. There was no fresh supportive news to give credence to recent price climbs. Soybeans have been providing strength to nearby commodities recently, so price drops yesterday affected corn and wheat. Canola followed so... more

• Crude Oil 72% Higher Than Last Year

  3^rd December 2009

  Crude oil saw a steady price improvement in November however has fallen in trading this week after US reports show that stockpiles are climbing. Stockpiles have increased 2.09 million barrels to 339.9 million, the highest level since August. Daily fuel consumption in the US is 3.2% lower than for... more

• AM Report: Commodities Correct Downward

  19^th November 2009

  A scaling back of commodity gains was seen overnight, as many traders booked profits due to recent commodity price boosts. Wheat lost 8.5c, to close at 566USc/bu. Fund money has been driving recent price gains, and the strength of the contract will be determined on whether it can hold onto highe... more

• PM Report – Breakthrough Rally For Major Grain Commodities

  17^th November 2009

  A lower $US saw US commodities climb in yesterday’s trade, taking canola with them. Soybeans surged overnight. December beans ended up 23c to close at 1010USc/bu. January Winnipeg canola closed at CA$398/t, a gain of $7.20. Strong grains were recorded for corn, gaining 11.75c to close at 40... more

• AM Report: Soybeans Climb

  13^th November 2009

  Cereals were largely unchanged overnight. Corn was down slightly and wheat remained steady. Despite good harvest weather, the pace of corn harvest still remains far behind the norm. Rain is forecast for the corn belt heading into the weekend, which could see a swing in prices to finish the week. ... more

• PM Report – Slight Gains For Aussie Wheat And Canola

  12^th November 2009

  U.S. wheat futures ran higher Wednesday on fund and technical buying. CBOT December contracts closed up 9c at 532USc/bu 3/4 and KCBT December wheat climbed 10c to 535USc/bu. CBOT corn ended mixed Wednesday in a day of choppy trading as outside money flow plays a key role in the market. December... more

• PM Report – Modest Gains For Aussie Wheat

  11^th November 2009

  December CBOT wheat futures closed at 523USc/bu, up 3 cents. Wheat finished higher, staging a minor rally after the USDA reduced US wheat supplies by 4 million bushels. Oilseed futures at ICE Futures Canada closed Tuesday's session lower with canola pressured down by the advancing harvest i... more

• PM Report – Strong A$ Holds Back Aussie Wheat

  10^th November 2009

  US markets were stronger overnight. A weaker $US supported prices considerably. December wheat was considerably stronger, gaining 22.6 c to close at 520USc/bu. December corn gained 19c, closing at 386USc/bu and November soybeans were up 16.2c to 964USc/bu. Canola contracts on the ICE Futures Can... more

• PM Report – Markets Close Down Under Additional Pressure From A$

  9^th November 2009

  Friday’s trade saw soybeans drop to one-month lows, with January CBOT beans closing at 955USc/bu, down 17c. Canola futures were lower on Friday, following CBOT soybeans with Winnipeg January canola closing down $7.90 at CA$387/t. Weaker crude oil and improved harvest conditions pressured corn... more

• Carbon Trading To Become World's Largest Commodity

  6^th November 2009

  South Africa’s Standard Bank has forecast that by 2015 Carbon will be the largest commodity market traded globally. In 2005 the carbon trading market was worth US $10 Billion, and in four years to 2009 has increased to a US$120 billion market. By 2015 it is projected that carbon trading will b... more

• PM Report – Strong A$ And Weak Fundamentals Weighted On Aussie Markets

  5^th November 2009

  After a strong start to the week, US soybeans stumbled in yesterday’s trade. CBOT January beans fell 11.5c to close at 999USc/bu. The overnight canola followed soybean lower, pushed lower still by a firm $CA. January Winnipeg canola closed at CA$396/t, down $7.40. Chicago corn futures ended ... more

• PM Report – Modest Gains For Aussie Wheat And Canola

  4^th November 2009

  Canola prices were stronger in yesterday’s trade, supported predominately by stronger soybeans and crop uncertainty relating to the delayed harvest. January ICE canola contracts closed at CA$404/t, up $1.20. Fund buying supported corn and wheat prices. Corn managed to close up 8c at 390USc/bu.... more

• PM Report – A$/US$ Game

  3^rd November 2009

  Canola markets started the day optimistic that Canada and China would be able to resolve their differences, however as talks progress the November 15 deadline looks less likely to be met, which would see large quantities of canola being returned to the market. Winnipeg canola gained 50c to close ... more

• AM Report: Commodities Fall As $US Rises

  27^th October 2009

  Commodity markets were lower in Monday’s trading. A stronger $US and more positive harvest weather created bearish tones in the market. Soybeans recorded strong declines in Monday’s CBOT trade. November beans closed down 19.5c to close at 987USc/bu. A firmer $US weighed on commodities market... more

• PM Report - Aussie Markets Echo International Trends

  27^th October 2009

  After dramatic falls late last week Winnipeg canola recorded gains overnight. November contracts gained $1.30, to close at CA$382/t. Strength came from delays in harvest and a weaker $CA. Outside market pressure and an improved outlook for harvest this week saw CBOT December corn futures drop 19... more

• PM Report – Aussie Wheat Opens The Week With Gains

  26^th October 2009

  US soybeans faced pre-weekend profit taking, however still managed to close up 1c at 1006USc/bu. Weather continues to look supportive for soybean prices as forecasts call for rain to extend the already delayed US harvest season. Rumours continued to circulate on Friday that China was considerin... more