Friday, February 16, 2018
The creeping dry, and seeping ships.
The grain market stands at a cross roads. In the past two years, we have seen concerns in the market which have led to short rallies. Will conditions provide the opportunity for a sustained rally, or will it fizzle out?
Friday, February 09, 2018
WASDE the matter now?
An exciting week in markets, with volatility across equities and currency. In the past week wheat futures have performed well, but has the benefit been passed onto local growers? Overnight the WASDE was released, and it provides some data that is good for Australian grain in the long term.
Friday, February 02, 2018
A review of the past month.
Time flows like water down the river rapids, we are now into February and the holiday season is now but a distant memory. January has come to an end, and it’s worth examining how the start of the year has gone.
Monday, January 29, 2018
The opposing views of the white house
The week has overall ended up positive for grain producers in Australia. The market has been largely driven by noises from the white house, which seem to have very opposing views on the future of their economy. In this weeks comment, we take a look at the descent of the Chicago futures, and the strong ascent of the Australian dollar.
Friday, January 19, 2018
Wheat and Bitcoin.
The markets have been very quiet over the past week, with little in the way of new information to get the trade excited. Usually in our Friday comments, we would take a look at the past week. This week, I thought I would take a quick review of the past two years.
Friday, January 12, 2018
The dollar discount.
It must be hard being a currency forecaster, because they rarely seem to get it right. In this weeks grain market commentary we take a look at futures, currency and basis.
Friday, January 05, 2018
New year, new opportunities.
Dawn has broken on 2018. The start of a new year brings fresh possibilities, and a few positive signals have started to appear in the market. In the zodiac calendar 2018 is the year of the dog, let’s hope that its wrong and we are in the year of the wheat bull.
Friday, December 22, 2017
India quickens the pulse.
This is the last update before Christmas. In this comment we take a look at some bullish sentiments in the wheat market. In other news, India has thrown a further spanner in the works for pulse producers in Australia and Canada.
Friday, December 15, 2017
Do they know it’s Christmas?
We are just on the brink of silly season, where the majority of the western world will effectively stop. There will be skeleton staff in most organisations (including Mecardo), and there will likely be little new activity. In this week’s comment, we have a look to see if the market has provided any pre-break cheer and joy.
Friday, December 08, 2017
The bear necessities.
A tough week in the grain market as the scale of the global crop continues to bite hard. In this article, we will look at some recent WA forecast releases which paint a bearish tone.