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| COMMODITY | DELIVERY | PRICE |
| SOR | 11/12crop | $186 |
| APW1 | 11 Crop | $202 |
| FB1 | 11 Crop | $185 |
| Chickpeas | 11 Crop | $435 |
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BULLISH FACTORS |
| Drought concerns in South America – private Argie corn production estimates now circa 20 MMT vs USDA @ 26 MMT. |
| Potential Black Sea / Easter Europe winterkill event this week. And potential imposing of Russian export duties. |
| Chinese domestic corn values on the rise. |
| Persistent La Nina could create difficulties for US new crop |
| BEARISH 1/2/2012 |
| East Coast rain builds subsoil moisture forpotential bumper 2012 crop – on top of large carry-in. |
| Logistics bottlenecks creating execution difficulty on East Coast. |
| Egypt announces wheat import requirement now just 500KMT |
| Technical hurdles around US$6.50/bu CME corn. |
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| Monday 6 February 2012 16:30 UTC
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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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