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Sawtell

PO Box 140
Sawtell, NSW, 2452
02 6658 7456

 

 

Grain Traders Australia, Member number 0017facebooktwitterlinked in
Commodity: Storage: Location: Tonnage:
   

Welcome to Pinnacle Commodities Pty Ltd


"Commodity Marketing Solutions"

Pinnacle Commodities facilitates the trading of grain, pulses, oilseeds and cotton to traders, millers, end users, merchants and exporters.

We strive to find and negotiate the best deals for our clients through our extensive contacts and industry experience.
 

Today’s Market Update (11 May 2018)

 

  • Grain prices strong all last week before some profit taking on better weather forecasts in the northern hemisphere saw some gains given back this week
  • Weather remains a key driver for most world crops at this stage of the year with particular interest in Russia, Ukraine, spring wheat in the US, and Australia
  • Soybean retains some level of risk priced into bids as markets speculate on the chances of a trade deal between the US and China
  • Most eyes this week will be on the updated USDA world Supply and Demand report due out Thursday

 

Domestic Markets

  • Local markets retain bid tone as many areas await planting rain
  • Old crop wheat virtually flat pricing now at $370 track in the north
  • New season APW multigrade wheat trading in the $345-$355 port range location dependent
  • SFW $380 delivered Downs, $355 18/19 crop
  • Chickpeas remain subdued after market continues to digest news of Indian import levies from next season - trade at $600 del Downs this week
  • Barley $380 track NNSW
  • Sorghum quoted $370 delivered $367 track

 

Mission Statement


 "Designed to focus specifically on the needs of Australian growers, in all facets of commodity marketing, and the strategic advancement of our clients in the agricultural sector."

Links


CME Group
ASX Grain Futures
Live AUD/USD
Graincorp
The Bureau of Meteorology
Grain Trade Australia
Creative Australian Professional Photographers

google link


Daily Futures Prices Table


14 May 2018
Commodity Month Price Change
       
CME Wheat July18 499 -8
CME Wheat Dec18 537 -7
CME Corn July18 396 -5
CME Corn July19 432 -4
Red Spring Wheat July18 605 -4
Kansas Wheat July18 518 -9
Soybeans July18 1003 -18
ICE Canola July18 532 -1
ASX Wheat July18 313.5 -1.5
ASX Wheat Jan19 319 -2.5
ASX Barley Jan19 280 +3
ASX Sorghum July18 363 +0
       
AUD Spot 75.46 +0.16
Crude Oil Jun18 70.70 -0.76
ICE Cotton July18 84.62 +0.06
ICE Cotton May19 80.20 +0.28
ICE Cotton May20 75.44 -0.29