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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 (6 Mar 2019)

 

  • World wheat markets continue to weaken through this month with new lows seen on Chicago exchanges
  • Some chance of support in markets as traders start to look closely at winter crop wheat ratings
  • US soybeans seeing some support from concerns over late plantings for corn and spring wheat due to cold and moist midwest conditions, which may see acres find their way into beans
  • US China trade deal likely to be something the markets will continue to monitor

 

Domestic Markets

  • Harvest virtually done for sorghum in the north wioth some corn coming off further south
  • Markets have been softer recently although $410 Downs for wheat and $390 barley still achievable
  • Chickpeas seeing no demand with DCT numbers around the $800 del Brisbane/ Sydney mark
  • 2018-2019 sorghum seeing bids around the $350-$360 ex-farm level on the Liverpool Plains

 

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

6 Mar 2019
Commodity Month Price Change
       
CME Wheat May19 463 +7
CME Wheat Dec19 491 +6
CME Corn May19 376 +1
CME Corn May20 413 +2
Red Spring Wheat May19 555 +3
Kansas Wheat May19 451 +8
Soybeans May19 914 -2
ICE Canola May19 458 -5
ASX Wheat May19 380 +0
ASX Wheat Jan20 330.5 +0
ASX Barley Jan20 253 +0
ASX Sorghum May19 368.5 +0
       
AUD Spot 70.82 -0.02
Crude Oil Apr19 56.27 -0.29
ICE Cotton May19 74.61 +1.48
ICE Cotton May20 75.05 +0.35
ICE Cotton May21 73.48 +0.68