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PentAG NTP Brisbane Bids
Tuesday, March 09, 2010
COMMODITYDELIVERYPRICE
SORJan-00$0
APW1Jan-10$205
FB1Mar-10$206
ChickpeasMar'10$455
BULLISH FACTORS
Heavy wheat bookings on export stem - if executed will reduce volumes available for domestic supply.
Large fund players have begun exiting record wheat spec short position.
Producer selling remains limited at current prices - but some grain is starting to "dribble" out.
Chickpeas - renewed demand from Pakistan and Bangladesh (as well as India)
BEARISH FACTORS
Global stocks of grain remain very "sloppy" - meaning there will be no urgency for consumers to chase any market rallies.
More rain = more pasture = potentially less demand for feedgrains.
Immediate supplies of sorghum + old crop wheat are sufficient to more than satisfy short term S Qld demand.
Brisbane Zone feed-grain markets will be capped by execution costs from Southern origins (and Central Qld).
Central QLD
Southern QLD/Northen NSW
North West NSW
South Australia

 

 

 

 

From Your Farm To The World

 

PENTAG COMMODITIES is regionally focused, yet globally aware. An experienced board and strong management team ensure your product stays in safe hands.

PentAG has a solid balance sheet, inventory financing through Rabo Australia, and meets Wheat Export Australia's stringent requirements as a licenced bulk wheat exporter.

 

 

 

 

Weather Links

Wednesday 10 March 2010 11:30 UTC
Below are some weather links frequently used by PentAG, you may also find these links useful:

Aussie Weather News

 10-Day Precipitation Outlook for Australia

Bureau of Meteorology

Wetterkarte

Global Forecasts

US Drought Monitor

 

 

Contact Details

1B Kitchener St, PO Box 79
Toowoomba QLD 4350
P 07 4639 5555
F 07 4639 5055

 

 

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