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 Opportunities (21/05/2012)
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Futures markets were stronger over the weekend with wheat, corn and cotton up, and soybeans down.
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Wheat markets lead the way with dry weather concerns persisting in the western plains of the US and parts of the Ukraine and Russia, and short covering also added to the positive tone.
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Soybeans were on the wrong end of unwinding soybean corn/wheat spreads which sold them off and supported wheat and corn.
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Domestic markets were trading well with chickpeas delivered Moree buying $540 for a Nov/Dec delivery. Hectare contracts are again scarce with reports of these contracts potentially unavailable until next month.
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Wheat markets were higher overall with Track Newcastle ASW reaching $220 and demand for H2 and APH2 gaining momentum for Brisbane markets.
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
Futuresource
Graincorp
The Bureau of Meteorology
Grain Trade Australia
Creative Australian Professional Photographers
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Daily Futures Prices Table
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21/05/2012 |
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Commodity |
Month |
Price |
Change |
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CME Wheat |
July12 |
695.2 |
+37.4 |
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CME Wheat |
Dec12 |
720 |
+31.2 |
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CME Wheat |
Dec13 |
761 |
+23.2 |
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CME Corn |
July12 |
635.4 |
+10.4 |
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CME Corn |
May13 |
557 |
+9.6 |
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Red Spring Wheat |
Dec12 |
790 |
+21.6 |
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Kansas Wheat |
Dec12 |
738.6 |
+30.2 |
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Soybeans |
Nov12 |
1288 |
-18.4 |
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ASX Wheat |
July12 |
230 |
+3.2 |
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ASX Wheat |
Jan13 |
248 |
+4 |
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ASX Barley |
Jan13 |
208.5 |
+0.5 |
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ASX Sorghum |
July12 |
187.5 |
+0 |
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ASX Canola |
Jan13 |
540 |
+20 |
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AUD/USD |
Spot |
98.40 |
-0.53 |
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Crude Oil |
Jun12 |
91.48 |
-1.08 |
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ICE Cotton |
July12 |
77.99 |
+1.34 |
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ICE Cotton |
May13 |
77.47 |
+1.37 |
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ICE Cotton |
May14 |
79.64 |
+1.39 |
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