H1 Fixed
$313
H2 Fixed
$295
APW1 Fixed
$279
ASW1 Fixed
$264
AGP1 Fixed
$261
FED1 Fixed
$246
SFW1 Fixed
$249
Durum 1
$595
Durum 2
$585
Durum 3
$570
Barley
F1 Fixed
$257
Hindmarsh 1
$276
Scope Malting 1
$285
Commander Malting 1
$318
Gairdner Malting 1
$316
Canola
Canola
$469
Peas
Field Peas
$355
Lentils
Nipper Type 1
$855
Nugget Type 1
$855
Faba Beans
Fiesta 1
$470
Season 2015/16
Commodity
Wheat
APW MultiGrade
$270
Barley
F1 Multi-Grade
$195
ASX Wheat Mar-15
Contract
21 November 2014 - 3:05 PM
CME Corn Dec-14
CME Wheat Dec-14
AUD Swap Wheat Dec-14
AUD Dec-14
AUD Spot
Matif Wheat Mar-15
Wheat traded lower on Tuesday, pressured by technical weakness and weakness in the other markets. Recent gains have priced U.S. supplies out of many markets, narrowing in the number of destinations still available to U.S. supplies. Most of the destinations are in Central and South America where 2013/14 total imports were 614 million bushels with 307 million bushels coming from the U.S. This was higher than 2012/13 when imports totalled 590 million bushels with 182 million coming from the U.S. due to production issues in Brazil and Argentina. We look for Central/South American imports to remain just below 600 million bushels, with U.S. exports to the region declining from 2013/14, but staying above 2012/13. Securing business overseas will continue to be difficult due to recent strengthen in the dollar and the U.S. freight disadvantage to most of the prime destinations. While prices traded lower on Tuesday, they did manage to settle off the day’s low, reflecting light underlying support. However, prices need confirmation of new export business to support a return to the recent highs or beyond, or technical weakness is expected to keep prices favouring a lower trend. Prices remain technically weak and expected to continue retracing some if not all of the recent gains. The USDA is expected to issue its weekly export sales figure on Thursday, though we look for another disappointing week following recent gains. Wheat needs to generate export demand and in the current environment this means lower prices. With corn expected to post modest recovery into the end of harvest, we look for the corn/wheat spread to narrow with wheat doing most of the work through lower prices. However, we don’t expected the spread to narrow enough to pull domestic wheat supplies into feed rations unless it carries significant quality discounts. – Jefferies
CloudBreak Advisory Pty. Ltd.ABN: 61 136 942 759 AFSL: 3379842/4 Church Hill Rd, PO Box 538, Echunga SA 5153Ph: 08 8388 8084 Fax: 08 8388 8006www.cloudbreak.com.auinfo@cloudbreak.com.au
These figures are calculated using the best site price within a zone plus the 14/15 Location Differential. These prices are not necessarily available at all sites.
ICE Canola Mar-15
Matif ****seed May-15
CME Soybeans Jan-14
Daily Contract Pricing
$313
H2 Fixed
$295
APW1 Fixed
$279
ASW1 Fixed
$264
AGP1 Fixed
$261
FED1 Fixed
$246
SFW1 Fixed
$249
Durum 1
$595
Durum 2
$585
Durum 3
$570
Barley
F1 Fixed
$257
Hindmarsh 1
$276
Scope Malting 1
$285
Commander Malting 1
$318
Gairdner Malting 1
$316
Canola
Canola
$469
Peas
Field Peas
$355
Lentils
Nipper Type 1
$855
Nugget Type 1
$855
Faba Beans
Fiesta 1
$470
Season 2015/16
Commodity
Wheat
APW MultiGrade
$270
Barley
F1 Multi-Grade
$195
ASX Wheat Mar-15
Contract
21 November 2014 - 3:05 PM
CME Corn Dec-14
CME Wheat Dec-14
AUD Swap Wheat Dec-14
AUD Dec-14
AUD Spot
Matif Wheat Mar-15
Wheat traded lower on Tuesday, pressured by technical weakness and weakness in the other markets. Recent gains have priced U.S. supplies out of many markets, narrowing in the number of destinations still available to U.S. supplies. Most of the destinations are in Central and South America where 2013/14 total imports were 614 million bushels with 307 million bushels coming from the U.S. This was higher than 2012/13 when imports totalled 590 million bushels with 182 million coming from the U.S. due to production issues in Brazil and Argentina. We look for Central/South American imports to remain just below 600 million bushels, with U.S. exports to the region declining from 2013/14, but staying above 2012/13. Securing business overseas will continue to be difficult due to recent strengthen in the dollar and the U.S. freight disadvantage to most of the prime destinations. While prices traded lower on Tuesday, they did manage to settle off the day’s low, reflecting light underlying support. However, prices need confirmation of new export business to support a return to the recent highs or beyond, or technical weakness is expected to keep prices favouring a lower trend. Prices remain technically weak and expected to continue retracing some if not all of the recent gains. The USDA is expected to issue its weekly export sales figure on Thursday, though we look for another disappointing week following recent gains. Wheat needs to generate export demand and in the current environment this means lower prices. With corn expected to post modest recovery into the end of harvest, we look for the corn/wheat spread to narrow with wheat doing most of the work through lower prices. However, we don’t expected the spread to narrow enough to pull domestic wheat supplies into feed rations unless it carries significant quality discounts. – Jefferies
CloudBreak Advisory Pty. Ltd.ABN: 61 136 942 759 AFSL: 3379842/4 Church Hill Rd, PO Box 538, Echunga SA 5153Ph: 08 8388 8084 Fax: 08 8388 8006www.cloudbreak.com.auinfo@cloudbreak.com.au
These figures are calculated using the best site price within a zone plus the 14/15 Location Differential. These prices are not necessarily available at all sites.
ICE Canola Mar-15
Matif ****seed May-15
CME Soybeans Jan-14
Daily Contract Pricing
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