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| COMMODITY | DELIVERY | PRICE |
| SOR | 11/12crop | $180 |
| APW1 | 11 Crop | $223 |
| FB1 | 11 Crop | $0 |
| Chickpeas | 11 Crop | $680 |
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BULLISH FACTORS |
| Dry conditions in the Black Sea continues to create concerns – global wheat stock buffer may not be as big as it used to be. |
| Tight nearby US corn stocks – very strong US basis in nearby slots suggest physical “cash” market is outstripping CME futures. |
| Canola strong on reduced EU canola production and poor South American soybean crop. |
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BEARISH FACTORS |
| Bearish USDA estimates for new crop corn – with 2012/13 US ending stocks estimated at 1.88 billion bushels. |
| Rapid development of US corn crop big acreage…..could see new crop delivered this “marketing year”. |
| Rapid planting of US spring wheat and Canadian wheat could take the gloss of Prime Hard premiums |
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Regionally Focused, Globally Aware
PENTAG Nidera Pty Ltd was formed in April 2010 as a joint venture between Australian based PentAG Commodities and the Netherlands based Nidera group. The company models itself as a "service solutions" business for Australian grain trade. Japanese trading house, Toyota Tsusho took a 10% equity stake in the business in April 2012.
Regionally Focussed - "on the ground" know-how and an experienced, efficent Australian team.
Globally Aware - international networks with truly "global" reach.
Solid Footing - the security of a strong local board combined with multinational backing.
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| Saturday 19 May 2012 20:30 UTC
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Below are some weather links frequently used by PentAG Nidera, you may also find these links useful:
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Contact Details
1B Kitchener St, PO Box 79
Toowoomba QLD 4350
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P 07 4639 5555
F 07 4639 5055
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