Friday, March 27, 2020
The grain must flow
Last week the Australian dollar was the major discussion point. The dollar floated like a lead balloon to lows of 55¢, the lowest level since 2001. This meant that our local pricing and Swaps increased dramatically. As much as last weeks fall was impressive, this week the rise has been equally dramatic.
Friday, March 20, 2020
Wheat futures rally to extreme levels (in A$ terms)
The markets have gone truly bananas. In a good way for growers but not necessarily for consumers. In the past week Chicago wheat futures have risen to the highest level since 2012 (in A$ terms). This provides a great opportunity for farmers to start their 2021 marketing at extremely strong levels.
Friday, March 13, 2020
A$ at the back of the grid
All markets have taken an absolute hammering since the start of March. The closure of many borders and the curtailing of global trade has resulted in red across the entire grid. However the fall in the Australian dollar has propelled us into pole position.
Friday, March 06, 2020
We may run out of toilet roll, but there will be plenty of cereal
There has been a run on toilet roll in Australia, however we will likely have plenty of cereal. In this update we step away from COVID-19 and look at some of the fundamentals driving the market.
Friday, February 28, 2020
Corona fears brewing
The market has become increasingly worried about the impact of a potential global pandemic of Covid-19. This has resulted in a risk off attitude to commodities. In this update, we take a look at the CBOT market and ASX.
Friday, February 21, 2020
Cheap Russian wheat & China protects its fertiliser
In this grain market comment, we provide a short summary of Russian wheat pricing, ASX levels and fertiliser/chemical blockages in China.
Friday, February 14, 2020
The Russians are coming (again)
With inspiring rainfall dropping on large tracts of the eastern states, confidence is increased in the capability of producing a 2020 crop. If the potential continues to improve then exports will be important. Our biggest export competitor (Russia) is on track to produce a very large crop, which could cause problems.
Friday, February 07, 2020
Bunch of pluviophiles
The rain has fallen dramatically over the past week providing much needed rainfall to large swathes of New South Wales and Queensland. This will provide some positivity to many after suffering through 2 or more years of drought.
Friday, January 31, 2020
Coronavirus – impact on grain?
Coronavirus is spreading around the world at a rate of knots. In the last couple of days, we have been asked about the potential impact on demand for agricultural commodities due to this illness. In this report we look at the question – is coronavirus impacting on demand?
Friday, January 17, 2020
It’s a deal, it’s a steal, it’s the sale of the century
A welcome sound not heard for a long time is being heard throughout large parts of NSW & QLD. The noise of raindrops hitting roofs. This week we cover a few factors from overseas impacting on markets including Eqyptian purchases, Russian intervention and the phase 1 deal.