Weekly Report 15/1/16
WHEAT Agricultural markets had a rough week as the market reacted to the volatility in the Chinese economy. China is a major importer on the global market, so any reduction in the Chinese economy raises concern on future demand. CBOT March 16 futures finished the week slightly lower at 468.4Usc/bu down 0.8 USc/bu for the […]
Chinese volatility affects Ag markets
Agricultural markets had a rough week as the market reacted to the volatility in the Chinese economy. China is a major importer on the global market, so any reduction in the Chinese economy raises concern on future demand. CBOT March 16 futures finished the week slightly lower at 468.4Usc/bu down 0.8 USc/bu for the week. […]
Weekly Report 2/1/16
CORN/BARLEY In a subdued finish to 2015 corn hit new contract lows of US$3.57 during the week. March 16 CBOT corn futures closed lower at US$3.58 per bushel down 6.8 Usc/bu for the week. To avoid national shortages and to slow down rising prices, India will import 0.5Mt of duty free corn, the country’s first […]
Currency plays on the market
CBOT March 16 futures finished the week at 478.60 Usc/bu. Down 8.8 USc/bu week on week. This week the market continued to see consolidation and a bit of short covering, but with no real news wheat continued to push lower for the week. One big factor affecting the trade at the moment is the swaying […]
Weekly Report 20/11/15
CORN/BARLEY Dec 2015 CBOT corn futures gained 2.25 USc/Bu and settled at US$3.64 per bushel. US corn is now 96% harvested without issue. The UK is to supply 150k of high quality malt barley to china each year for the next 5 years, competition for Australia’s malt barley exports to […]
Weekly Report 6/11/15
WHEAT CBOT Dec 15 futures finished the week at 526.3USc/bu. An 11.30 USc/bu rise week on week. Chicago December wheat futures managed to close just above its’ 200day moving average, a bullish technical signal. Once again dryness in Ukraine, Russia and the US combined with harmful harvest rain in Australia […]
Weekly Report 30/10/15
WHEAT Wheat CBOT Dec 15 futures made positive gains for the week, and finished at 515USc/bu. up 24.4USc/bu week on week. US wheat prices traded higher this week as better than expected export sales came amid forecasts for more rain in the winter wheat areas, and as fund participants sparked a round of buying. The […]
Radiowest Interview 2/11/15
Tom Wake on Rural Focus Recently Tom Wake from the Geraldton GBA office was asked to do an interview with Vin Dawes on Rural Focus. The below interview details Tom’s history in the grain industry, the service GBA offers and contact details for the Geraldton GBA office. If you missed the interview from Monday 2/11/15 […]
Weekly Report 23/10/15
BEANS/CANOLA Soybean November 15 CBOT futures were down 6.6USc/bu for the week, from 905.2USc/bu to settle at 898.60USc/bu. ICE Canola however made a CA$2.9 gain for the week, and finished the week at CA$474.5/t Australian Non GM canola continues to find support at these levels with reports indicating the strongest interest in Aussie canola […]
Weekly Report 16/10/15
WHEAT CBOT Dec 15 futures finished the week at 502.4.4 Usc/bu. Down 9 USc/bu week on week. Wheat ended the week lower to unchanged, the market has been weighing in El Nino reports, the North American harvest progression and dryness around the dry conditions in the Black Sea and the US and what it may […]