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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 (5 Sep 2018)

 

  • World wheat markets stronger recently on talk of Russian export taxes, before giving up ground on denial of this talk. This remains a fluid situation
  • Wheat pricing continues to look at troublesome areas including Australia and Europe as well as areas of Russia
  • US spring wheat harvest almost complete now with results overall positive on yield
  • US corn crop currently sitting on a 67% good-excellent rating
  • Soybeans rated 66% good-excellent in the US

 

Domestic Markets

  • Locally some rain for areas where crops are hanging on in late August may be beneficial but for many too late for 2018 season
  • New season wheat continues to see bids at $430-$440 delivered for SFW minimum
  • Discount from feed wheat to barley has widened recently trading in the $20-$30 range
  • Chickpeas softer for new season in line with offshore markets with $860-$880 delivered Brisbane trading last week
  • Any old crop stocks on the eastern seaboard continue to be priced at $400+ ex-farm
  • For now though all eyes remain on the weather maps for relief in all areas

 

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


5 Sep 2018
Commodity Month Price Change
       
CME Wheat Dec18 531 -14
CME Wheat Dec19 531 -14
CME Corn Dec18 368 +3
CME Corn July19 393 +2
Red Spring Wheat Dec18 585 -14
Kansas Wheat Dec18 537 -16
Soybeans Nov18 844 +1
ICE Canola Nov18 497 +1
ASX Wheat Jan19 408 -2
ASX Wheat Jan20 357.5 -3.5
ASX Barley Jan19 385.5 +2.5
ASX Sorghum May19 385 +0
       
AUD Spot 71.80 -0.18
Crude Oil Oct18 69.45 -0.41
ICE Cotton Dec18 82.78 +0.56
ICE Cotton May19 83.41 +0.44
ICE Cotton May20 78.76 -0.06