Category: Commodities & Markets News

Commodities and financial market news from external sources.

XE Market Analysis: The Currency Market is in Consolidation Mode

OVERVIEW Investors stay away amidst uncertainty over global trade issues. No major update on NAFTA as US and Canadian officials are still wrangling over crucial issues in the dairy and media industries. Oil futures are back below $70, and Precious Metals are trading up with Gold futures up around by $1.65 to $1,208.50 per ounce.   HIGHLIGHT … Read more »

XE Market Analysis: North America – Sep 14, 2018

The Dollar extended declines that were sparked by yesterday’s U.S. CPI data. EUR-USD has posted a new high for a third consecutive day, this time at 1.1721, which is the loftiest level seen since the late-August peak at 1.1733. Cable edged out a fresh six-week high of 1.3138, tracking EUR-USD higher amid broader Dollar weakness,… Read more »

XE Market Analysis: Asia – Sep 13, 2018

Cool U.S. CPI data was the story for the Dollar in N.Y. on Thursday, which resulted in the Greenback initially losing ground across the board. As risk appetite picked up on hopes for progress on global trade, Wall Street rallied, allowing risk-sensitive USD-JPY to advance to just shy of 112.00. Safe-haven Dollar flows reversed however,… Read more »

XE Market Analysis: North America – Sep 13, 2018

The Dollar has traded mixed so far today, losing ground to the Australian Dollar, holding steady against the Pound while gaining on the Yen and Canadian Dollar. The overriding theme has been Yen weakness, which has been subject to a safe-haven premium unwind following the U.S. invitation to senior Chinese officials for fresh trade negotiations…. Read more »

XE Market Analysis: Asia – Sep 12, 2018

The dollar traded lower versus major currencies in N.Y. on Wednesday, initially falling on the back of cooler U.S. PPI numbers, then dropping further as reports circulated that the U.S. and China would restart stalled trade talks in the next few weeks. The news saw the Greenback lose some of its safe-haven appeal. Risk-sensitive USD-JPY… Read more »

XE Market Analysis: Europe – Sep 12, 2018

Both the Dollar and Yen have firmed up against most other currencies amid a backdrop of risk aversion in Asia, with the Japanese currency marginally outperforming the U.S. currency, seeing USD-JPY nudge lower after initially posting a one-week high in early Asia-Pacific dealings, at 111.65, with the pair then ebbing to the 111.45-50 area. The… Read more »

XE Market Analysis: North America – Sep 11, 2018

The Dollar more than reversed intraday losses it saw against most currencies, and the USD index (DXY) was showing a fractional gain heading into the New York interbank open, at 95.28, up from the two-session low seen earlier at 94.88. EUR-USD concurrently fell by 50 pips to levels near 1.1590, leaving the 1.1644 two-session high… Read more »

XE Market Analysis: Europe – Sep 11, 2018

Dollar and Yen underperformance has been the main theme so far today, heading into the London interbank open, especially the Japanese currency, which is showing a 0.3% decline versus the Dollar, a 0.4% loss to the Euro and Australian Dollar and a decline of 0.5% against the Pound and Canadian Dollar. USD-JPY posted a four-session… Read more »

ABARES cuts winter-crop estimate by 12pc in latest crop report

Australia’s total winter-crop production is forecast to drop 12 per cent nationally to 33.2 million tonnes (Mt), with production declines forecast in all eastern states, according to its latest periodic Australian crop report. The post ABARES cuts winter-crop estimate by 12pc in latest crop report appeared first on Grain Central. Source: Grain Central ABARES… Read more »

WA crop outlook good, but drought bites hard in the east

A new report has laid out a grim forecast for east coast crop production, but rains have saved the day in Western Australia. Source: ABC Grain WA crop outlook good, but drought bites hard in the east

Train brings wheat from SA to NSW for feedlots, flour

Feedlots close to the New South Wales-Queensland border, as well as the flour-milling sector in Sydney, will absorb most of the 6000 tonnes of wheat now making its way to end users by rail from South Australia. The post Train brings wheat from SA to NSW for feedlots, flour appeared first on Beef Central. … Read more »

XE Market Analysis: Asia – Sep 10, 2018

FX trade was very quiet in N.Y. on Monday, with the only move coming early, when EU Brexit negotiator Barnier said a deal with the U.K. was possible. Cable shot up to one-month highs over 1.3050, dragging EUR-USD to 1.1616 highs in the process. USD-JPY remained inside of a minuscule 15-point range, bottoming at 111.03…. Read more »

XE Market Analysis: Sterling and the Euro Rise on Hopes of a Brexit Deal

OVERVIEW The UK’s Pound Sterling surged to a 5 week high on hopes of a Brexit deal getting done. The Turkish Lira slips as economic growth dips. The Indian Rupee slumps as emerging market currencies weaken HIGHLIGHT European Chief Negotiator Michel Barnier sends the Pound to a 5 week high on news that he sees… Read more »

XE Market Analysis: Europe – Sep 10, 2018

The Dollar has held steady versus the Yen while losing ground to a broadly firmer Euro, inspired by a rally in Italian assets on welcome signs of budgetary prudence on the part of the Italian government. EUR-USD rallied out of a three-week low at 1.1526 that was seen in early London trading to the upper… Read more »

XE Market Analysis:The US Economy Conjures Up Strong Job Numbers Again

OVERVIEW Non-farm payroll jobs grew by 201k versus the 190k expected; and average hourly earnings up 0.4%. The Canadian Loonie remains under sustained pressure over NAFTA and poor employment report card. Oil futures slid lower, down 1.1% over fears of a global trade war. Source: XE news feed XE Market Analysis:The US Economy Conjures… Read more »

XE Market Analysis: The US Economy Conjures Up Strong Job Numbers Again

OVERVIEW -Non-farm payroll jobs grew by 201k versus the 190k expected; and average hourly earnings up 0.4% The Canadian Loonie remains under sustained pressure over NAFTA and poor employment report card. Oil futures slid lower, down 1.1% over fears of a global trade war. Source: XE news feed XE Market Analysis: The US Economy… Read more »

XE Market Analysis: North America – Sep 07, 2018

The Dollar is at near net unchanged levels heading into the New York interbank open, while the Pound is up over 0.5% versus the U.S. currency and the Australian dollar down by almost 0.5%. The UK’s currency was lifted after EU’s chief Brexit negotiator Barnier said that the EU is “open to discussing other backstops”… Read more »

XE Market Analysis: Europe – Sep 07, 2018

The Dollar majors have been mostly steady, though USD-JPY drifted to 16-day lows under 110.50 on safe haven demand for the Japanese currency while the Australian Dollar underperformed due to Australia’s exposure to China, which looks set to find the U.S. hiking tariff rates on another $200 bln worth of its exports. Obstacles remain in… Read more »

XE Market Analysis: Asia – Sep 06, 2018

The Dollar index moved higher in N.Y. morning trade on Thursday, topping at 95.21, and up from opening lows of 94.94. Risk-off conditions along with U.S. political nervousness kept safe-haven flows alive. EUR-USD fell to 1.1606 from 1.1654 highs, while the risk sensitive USD-JPY bucked the trend, falling to 110.71 lows. Cable topped at 1.2961… Read more »

GrainCorp lifts FY18 earnings + seasonal update

GRAINCORP lifted its earnings guidance for the year ending 30 September 2018 to $255-$270 million, the company said in a statement to the ASX released this week. The post GrainCorp lifts FY18 earnings + seasonal update appeared first on Grain Central. Source: Grain Central GrainCorp lifts FY18 earnings + seasonal update

XE Market Analysis: NAFTA Remains in Intensive Care

OVERVIEW Forex investors are cautious as they watch to see if the US expected will follow up on President Trump’s promise to slap new taxes on Chinese imports   The Canadian Loonie is under pressure as NAFTA negotiations continue Gold adds nearly $8.00 to move back above $1,205 HIGHLIGHT Source: XE news feed XE Market Analysis:… Read more »

XE Market Analysis: North America – Sep 06, 2018

The Dollar traded mostly softer against most of the main currencies, while many emerging market currencies manged to hold their ground today following recent pronounced declines. Amid this was a subtheme of a generally softer Euro, although ranges were limited. Market participants are facing a slew of U.S. data releases due today and tomorrow, highlighted… Read more »

XE Market Analysis: Europe – Sep 06, 2018

The Dollar has continued to trade mixed while the Yen traded generally firmer and the Australian Dollar underperformed amid a risk-off theme in global markets on concerns about emerging market fragility and the next round of U.S. tariffs on Chinese imports. EUR-USD turned lower, back to the lower 1.1600s after posting a six-day high at… Read more »

Wheat rust outbreak could cost Australia up to $1.4 billion

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) estimates a nation-wide outbreak of the wheat rust strain Ug99 could cost Australia up to $1.4 billion over 10 years. The post Wheat rust outbreak could cost Australia up to $1.4 billion appeared first on Grain Central. Source: Grain Central Wheat rust outbreak… Read more »

XE Market Analysis: Asia – Sep 05, 2018

The DXY fell in morning trade in N.Y. on Wednesday, led by Sterling gains, which came following a Bloomberg report that Germany has agreed to drop key Brexit demands, perhaps paving the way to a deal. Germany was apparently set to accept a less detailed agreement. Later, a German government spokesperson played down the report…. Read more »

XE Market Analysis: North America – Sep 05, 2018

The Dollar has traded mixed in narrow ranges with market participants anticipating Friday’s U.S. August jobs report, the resumption of Canada-U.S. trade talks and Trump’s decision on whether to markedly ramp up the Sino-U.S. trade war with tariff hikes on a further $200 bln worth of Chinese imports. EUR-USD has been holding below 1.1600 after… Read more »

XE Market Analysis: Europe – Sep 05, 2018

The Dollar majors are near net unchanged on the day so far, into the arrival of the London interbank market, while emerging market currencies have enjoyed some reprieve. EUR-USD has been holding near to 1.1600 after recouping from the two-week low that was seen yesterday at 1.1530, with reports of good selling interest above 1.1600… Read more »

XE Market Analysis: Asia – Sep 04, 2018

The Dollar index rallied in early N.Y. trade on Tuesday, buoyed by a stronger manufacturing ISM outcome. The index later gave up its gains, falling back under opening levels near 93.50. EUR-USD bottomed at 1.1545 before rallying to 1.1585. USD-JPY was rangebound under 111.50. USD-CAD topped at 1.3207 on trade concerns, while cable bounced over… Read more »

XE Market Analysis: US Dollar makes gains across the board as trade tensions heighten

OVERVIEW US Dollar stronger across the board on trade concerns South African Rand tumbles lower as the country officially enters recession Canadian Dollar falls to a 6-week low HIGHLIGHT The US Dollar is mostly higher upon concerns of an escalation in trade conflicts with China. These developments, alongside Jerome Powell’s almost definite upcoming rate hike,… Read more »

Weekly rainfall wrap + 14 day rain outlook, 5 Sept 2018

At the start of the week, a strong cold front followed by a complex low pressure system tracked over southwestern parts of WA, with the associated cloudband and embedded thunderstorms generating moderate falls in the South West Land Division and Goldfields District in WA. The cold front and a weak low moved through SA, and… Read more »

XE Market Analysis: Europe – Sep 04, 2018

The Dollar has been on an upward roll with the pace of gains picking up a gear during London AM session. The USD index gained 0.4% to 11-day highs above 95.50, with EUR-USD concurrently tumbled to 11-day lows below 1.1560. Concerns about Brexit (the EU basically rejected the British government’s trade proposal) are helped Cable… Read more »

XE Market Analysis: Markets quiet during Labor Day

OVERVIEW Markets thin due to Labor Day. UK August Manufacturing PMI hits lowest level in 25 months. UK PM’s spokesman says most recent Brexit proposal is the ‘only credible plan’. HIGHLIGHT The Argentinian Peso’s woes continues, now 35% lower in the last 7 days against the USD. Even the central bank raising benchmark rates to 60% late… Read more »

XE Market Analysis: North America – Sep 03, 2018

Mostly narrow ranges have prevailed, which is likely to remain the case in the absence of North American markets. The main exception was Sterling, which dove over 0.5% on the double whammy of an unexpectedly weak August manufacturing PMI report out of the UK and after the EU’s chief Brexit negotiator Barnier said that the… Read more »

XE Market Analysis: Asia – Aug 31, 2018

The Dollar rallied broadly in N.Y. on Friday, after it became clear that the U.S. and Canada would not be making a trade deal. Safe-haven flows buoyed the Greenback. The DXY rallied to near highs of the week, peaking at 95.22. EUR-USD fell to one week low of 1.1585, as USD-JPY rallied to 111.10, despite… Read more »

XE Market Analysis: Currencies Sailing between Scylla and Charybdis as August Ends

OVERVIEW Trade tensions are turning sentiment in a defensive mode; World equity markets in the red. Markets remain optimistic but cautious on “enhanced” NAFTA 2. Gold adds nearly $4.50 to shine at $1,205 and WTI down on trade fears Source: XE news feed XE Market Analysis: Currencies Sailing between Scylla and Charybdis as August… Read more »

XE Market Analysis: North America – Aug 31, 2018

Risk off conditions gripped markets after Trump threatened to take the U.S. out of the WTO while signalling that he’s ready to take the Sino-U.S. trade war to the next level, which for the main currencies translated to Yen outperformance and Aussie Dollar-led Dollar bloc underperformance. The Turkish Lira still managed to rebound by over… Read more »

XE Market Analysis: Europe – Aug 31, 2018

The Yen has posted moderate gains amid a backdrop of souring risk appetite in global markets and associated concerns about emerging markets. President Trump kept sentiment in markets on edge after threatening, during an interview with Bloomberg, to take the U.S. out of the WTO while saying that he was keen to implement the plan… Read more »

XE Market Analysis: Asia – Aug 30, 2018

The Dollar index peaked at 94.90 early in the N.Y. session on Thursday, up from overnight lows of 94.47. In-line jobless claims and earnings figures combined with slightly firmer consumption data to support the Greenback. Sticks and yields headed lower on ongoing NAFTA uncertainty. EUR-USD opened near 1.1695, later making its way to 1.1642 lows…. Read more »

XE Market Analysis: North America – Aug 30, 2018

The Dollar has traded mostly firmer, with EUR-USD settling near 1.1700, below yesterday’s four-week high at 1.1733, and USD-JPY pushing toward 111.50, below the four-week high at 111.83 that was printed yesterday, while AUD-USD and NZD-USD were underperformers following a disappointing set of antipodean data. Risk appetite deteriorated, with European stock markets declining, S&P 500… Read more »

XE Market Analysis: Europe – Aug 30, 2018

The Dollar and Yen have traded firmer against most other currencies as the risk-on sentiment that powered the S&P 500 and Nasdaq to new record highs waned in Asia. The USD index (DXY) is showing a modest rebound from lows, while EUR-USD has concurrently tipped back under 1.1700. USD-JPY has held in a narrow range… Read more »

Seasonal climate outlook Sep-Nov 2018

Spring is more likely to be drier than average for southwest WA, most of SA, the southern NT, inland NSW (west of the divide), Victoria, Tasmania, and northern Queensland, according to the Bureau of Meteorology’s three-month climate outlook statement released this morning. The post Seasonal climate outlook Sep-Nov 2018 appeared first on Sheep Central. … Read more »

XE Market Analysis: Asia – Aug 29, 2018

The Dollar index eased in early N.Y. trade on Wednesday, bottoming at 94.59 after opening near 94.90, then largely turning sideways. Yields moved a bit higher after an upwardly revised Q2 U.S. GDP report, while stocks put in an other record top. EUR-USD peaked at 1.1708, under Wednesday’s peak, while USD-JPY ran up to 111.83… Read more »

XE Market Analysis: North America – Aug 29, 2018

USD-CAD dropped to its lowest level since June 6 in making a low at 1.2887, driven by a Mail and Globe report, which broke during the Tokyo morning, that Canada is ready to make significant concessions on diary to secure a trade deal with NAFTA. This is potentially good news as it raises the chances… Read more »

XE Market Analysis: Europe – Aug 29, 2018

The Dollar has traded firmer, overall, although has continued to hold steady in a narrow range against the Yen. USD-CAD dropped to its lowest level since June 6 in making a low at 1.2887, driven by a Mail and Globe report, which broke during the Tokyo morning, that Canada is ready to make significant concessions… Read more »

XE Market Analysis: Asia – Aug 28, 2018

The Dollar index traded to August lows of 94.45 early in the N.Y. session, though managed modest gains following the strong U.S. consumer confidence report, which came in at a 17-year high, later topping over 94.65. EUR-USD ranged between 1.1734 and 1.1695, as USD-JPY bottomed at 110.96, later recovering over 111.20. USD-CAD printed two-plus month… Read more »

Weekly rainfall wrap + 14 day rain outlook, 29 August 2018

A cold front and associated low pressure system produced moderate falls in southern Western Australia and southwest South Australia early in the week, while a low pressure system and trough produced moderate falls in parts of southern Queensland and eastern New South Wales. The post Weekly rainfall wrap + 14 day rain outlook, 29 August 2018… Read more »

XE Market Analysis: No Writing on the Wall for New MEX-US FTA

OVERVIEW MXN strengthens while the Loonie soars higher following an agreement in principle between the US and Mexico The US Dollar slides again on the month-end flow Gold adds nearly $2 to its luster, trading around $1,215 and WTI consolidating near $69 a barrel Source: XE news feed XE Market Analysis: No Writing on… Read more »

XE Market Analysis: North America – Aug 28, 2018

The Dollar has continued to trade with a softening bias. The USD index (DXY) posted a four-week low at 94.61 while EUR-USD concurrently lifted to four-week highs just above 1.1700. The U.S. currency also posted losses against a slew of other currencies, including making a six-week low versus Sterling. USD-JPY, in contrast, has remained relatively… Read more »

XE Market Analysis: Europe – Aug 28, 2018

Both the Dollar and Yen had recouped from losses that were seen during the Tokyo AM session although the magnitude of movement has been relatively limited overall. The USD index (DXY) edged out a four-week low at 94.68 before recovering above 94.85, while EUR-USD printed a four-week high at 1.1697 before correcting to the 1.1665-70… Read more »

XE Market Analysis: Asia – Aug 27, 2018

The Dollar index sold off to three-week lows of 94.69 in N.Y. trade on Monday, with the sell-off coming on the announcement of a new trade deal between the U.S. and Mexico. The USD was pressured by the reversal of safe-haven flows which were seen during the ramping up of trade tensions between the U.S…. Read more »

XE Market Analysis: US and Mexico Have a New Trade Deal, Eh?

OVERVIEW Dollar Index is in negative territory as we open the final week of August. White House announces the end of NAFTA after a new deal with Mexico. Commodities still hot; Gold moves up to $1,210 and WTI consolidating near $69 a barrel. HIGHLIGHT Source: XE news feed XE Market Analysis: US and Mexico… Read more »

XE Market Analysis: North America – Aug 27, 2018

The Dollar majors settled in narrow ranges during a London-less European AM session after the U.S. currency had rebounded some after posting fresh losses against the Euro and some other currencies during the early Asia-Pacific session. The USD index (DXY) was near flat, at 95.17, as of the late morning in Europe having lifted out… Read more »

XE Market Analysis: Europe – Aug 27, 2018

The Dollar has rebounded some after posting fresh losses against the Euro and some other currencies during the early Asia-Pacific session. Markets have continued to digest the slightly more dovish than expected speech by Fed Chairman Powell on Friday, where he stuck to the “policy gradualism” script with regard to tightening. The USD index (DXY)… Read more »

XE Market Analysis: Asia – Aug 24, 2018

The dollar pulled back in N.Y. trade on Friday morning, after Fed chief Powell said “gradualism” was the way to go as far as policy adjustments are concerned. This saw yields stumble as well. The DXY fell from opening highs of 95.41, to print 95.04 lows before steadying. EUR-USD ran up to three-week highs of… Read more »

XE Market Analysis: North America – Aug 24, 2018

The USD index (DXY) is set for its biggest weekly drop since February, even though rebounding some yesterday. The index, which is a nominal trade-weighted measure of the dollar comprised by a basket of six currencies, and which inversely correlates with EUR-USD direction, is presently at 95.52, down by over 1.5% from the 14-month high… Read more »

XE Market Analysis: Europe – Aug 24, 2018

Yen underperformance, Dollar softness and Aussie Dollar outperformance have been the main themes in Asian markets into the London interbank opening, along with a side-theme of Euro firmness. The Japanese currency came under pressure following the release of Japanese inflation data, which showed the BoJ-watched national core CPI figure coming in at a benign 0.8%… Read more »

XE Market Analysis: Asia – Aug 23, 2018

The dollar index headed higher in N.Y. trade on Thursday, topping at 95.67. The implementation of fresh U.S./China tariffs, and only muted expectations that current trade talks will yield progress supported the Greenback. Incoming data revealed in-line jobless claims, but softer new home sales. EUR-USD fell to 1.1531 lows from opening levels around 1.1580. USD-JPY… Read more »

XE Market Analysis: Sterling Slumps Further on Brexit "No Deal"

OVERVIEW Sterling slips on Brexit “No Deal” US Dollar gains as the Fed’s Jackson Hole conference begins Loonie slips as NAFTA talks continue HIGHLIGHT The Pound slid against all currencies today after the UK government made further plans for a “no deal” Brexit. The currency has now fallen more than 10% against the US Dollar… Read more »

XE Market Analysis: North America – Aug 23, 2018

The Dollar lifted during the Asian session before settling to a consolidation following the open of European markets. The USD index (DXY) is showing a 0.2% gain heading into the New York interbank open, at 95.35, earlier posting a two-day high at 95.48, remaining well below the 14-month high seen last week at 96.98. The… Read more »

XE Market Analysis: Europe – Aug 23, 2018

The Dollar has lifted after five straight down sessions. The USD index (DXY) is showing a 0.3% gain heading into the London interbank open, at 95.41, rising above yesterday’s high but remaining well below the 14-month high seen last week at 96.98. EUR-USD has concurrently sank to a two-day low of 1.1542, putting in some… Read more »

Weather will determine if WA harvest records are broken

On the back of nine-year-high prices, grain farmers in Western Australia are expected to have one of their biggest and most profitable harvests in the state’s history. Source: ABC Grain Weather will determine if WA harvest records are broken

XE Market Analysis: Asia – Aug 22, 2018

The dollar fell in tandem with yields after the FOMC minutes, with trade and tariffs being mentioned as points of uncertainty going forward. The DXY fell to 94.96 from over 95.10 after the minutes. The Fed revealed concern over how more tariffs would impact consumer spending, saying prolonged trade disputes could impact business sentiment and… Read more »

XE Market Analysis: North America – Aug 22, 2018

The Dollar has been trading mixed, edging out a fresh low against a generally firmer Euro while gaining on the Pound and Australian Dollar, among other currencies, and settling at near net unchanged levels in the case against the Yen. EUR-USD carved out a fresh two-week low at 1.1602, which surpassed yesterday’s peak by 1… Read more »

XE Market Analysis: Europe – Aug 22, 2018

The Dollar has managed to find a footing during the Asian session after posting fresh lows against most currencies during the New York PM session yesterday following news that two former associates of President Trump had been convicted of various crimes, including fraud (with Trump’s ex-long serving personal lawyer, Michael Cohen, directly implicating Trump in… Read more »

Cottonseed demand falters as prices continue to climb

It is becoming increasingly likely that high prices will cause the premature shutdown of Australia’s biggest cottonseed crush at Narrabri as the seasonal disaster escalates the price of the crush facility’s commodity input, whole fuzzy white cottonseed. The post Cottonseed demand falters as prices continue to climb appeared first on Beef Central. Source: Beef… Read more »

Weekly rainfall wrap + 14 day rain outlook, 22 August 2018

A series of cold fronts tracked across southern Australia, producing moderate falls in southwest and southeastern Australia. Heavy falls were recorded across western Tasmania, due to vigorous cold fronts and associated low pressure systems. The post Weekly rainfall wrap + 14 day rain outlook, 22 August 2018 appeared first on Beef Central. Source: Beef… Read more »

XE Market Analysis: North America – Aug 21, 2018

The Dollar remained under broad pressure as markets continued to digest President Trump’s latest verbal intervention on U.S. monetary policy, yesterday expressing that he was “not thrilled” with Fed rate hikes while calling on the central bank to do more to boost growth. EUR-USD posted a 12-day peak at 1.1543 during the Asian session before… Read more »

XE Market Analysis: Europe – Aug 21, 2018

The Dollar has come under broad pressure at the inspiration of President Trump saying that he was “not thrilled” with the Fed for raising interest rates and that the Fed should do more to boost the economy. Source: XE news feed XE Market Analysis: Europe – Aug 21, 2018

Record commodity prices undermine grainfed trading budget result

The explosive rise in ration ingredient prices over the past couple of months has pushed results in Beef Central’s latest grainfed trading budget deep into loss territory – but the financial impact has been moderated somewhat by declining feeder cattle prices. The post Record commodity prices undermine grainfed trading budget result appeared first on Beef… Read more »

XE Market Analysis: Asia – Aug 20, 2018

The Dollar index came under modest pressure in N.Y. on Monday, touching 95.94 lows, and down from 96.40 into the open. There was no data to move the market, leaving trading conditions on the quiet side. Treasury yields and the dollar hit session lows after a Bloomberg report said Trump complained about Powell not being… Read more »

XE Market Analysis: The US Dollar Gained Before Proposed US-China Trade Talks

OVERVIEW Sterling steadies, although still close to 14 month lows against the US Dollar. US Dollar gained against the Euro early in session. HIGHLIGHT The Euro strengthened later in the day as risk-on caused the US Dollar to drop back. Source: XE news feed XE Market Analysis: The US Dollar Gained Before Proposed US-China… Read more »

XE Market Analysis: North America – Aug 20, 2018

The Dollar saw moderate firming during the London AM session, led by a flip higher in USD-TRY, which rose back above 6.000 as markets digested Friday’s after-hours rating downgrade announcements by S&P and Moody’s, though the Lira remained above the lows it saw on Friday. EUR-USD ebbed to a low of 1.1403 after opening in… Read more »

XE Market Analysis: Europe – Aug 20, 2018

The Dollar majors have been showing little net directional change in thin, early-week trading. The biggest movement heading into the London interbank open are AUD-USD and NZD-USD, with both showing gains of 0.2%. Stock markets in Asia have been mixed, while EUR-USD and USD-JPY have been treading sideway paths, the former in the low 1.1400s… Read more »

XE Market Analysis: Asia – Aug 17, 2018

The Dollar index dipped early N.Y. trade on Friday, bottoming at 96.22 after opening near 96.50. Incoming U.S. data was mixed, with consumer sentiment missing the mark, while leading indicators were better than consensus. The data has little impact on FX, with the Greenback slipping ahead of the numbers. A calm Turkish Lira allowed the… Read more »

XE Market Analysis: North America – Aug 17, 2018

A fresh 6%-plus dive in the Turkish Lira, which broke a four-day recovery run, rattled global markets, and pushed the likes of the South African Rand lower while buoying both the Dollar, Yen and Swiss Franc, as European stock markets and S&P 500 futures turned lower. EUR-USD earlier pegged a three-day high at 1.1419 on… Read more »

XE Market Analysis: Europe – Aug 17, 2018

The Dollar majors have been trading within yesterday’s ranges, lacking fresh leads and with market participants keeping a weather eye on how developments from this era of tariffs and sanctions will evolve. EUR-USD has been making time in the upper 1.1300s while USD-JPY has been lodged in the upper 110.0s. Stock markets have remained stable,… Read more »

XE Market Analysis: Asia – Aug 16, 2018

The dollar index slipped early in N.Y. trade on Thursday, driven down by softer U.S. data, and a rallying Turkish Lira. By mid-morning, however, the Greenback had perked up again, lifting the DXY to 96.76 highs from 96.32 lows. EUR-USD fell from 1.1409 highs to 1.1349. USD-JPY rallied from 110.56 lows to peak at 111.11…. Read more »

XE Market Analysis: North America – Aug 16, 2018

The Dollar and Yen retreated against most other currencies amid a revival in risk appetite on news that U.S. and China have agreed on a new round of trade talks, while the Turkey Lira gain for a third straight session. The USD index (DXY) pegged a two-day low at 96.41 before recouping to the 96.60… Read more »

XE Market Analysis: Europe – Aug 16, 2018

Both the Dollar and Yen have weakened today, giving back recent gains amid an improvement in risk appetite. The U.S. and China have agreed on a new round of trade talks, while Turkey has managed to halt the rout of the Lira and secure major investments from Qatar and China’s Alibaba. The USD index (DXY)… Read more »

XE Market Analysis: Asia – Aug 15, 2018

The dollar index posted frosh near 14-month highs in N.Y. on Wednesday, topping at 96.98 before pulling back to 96.66 into the close. The Greenback rallied on safe-haven flows after Turkey imposed tariffs on U.S. goods, which saw equities and Treasury yields fall. The Euro in particular, was driven by movements in the Turkish Lira,… Read more »

XE Market Analysis: North America – Aug 15, 2018

The Dollar has posted broad gains amid a backdrop of rekindling risk aversion. Turkey’s Erdogan escalated the confrontation with the U.S. by announcing tariffs on U.S. cars, alcohol and cigarettes. Chinese stocks came under pressure again, with the Shanghai Composite closing 2.1% for the worse, and the PBoC set the USD-CNY reference rate at 6.8856,… Read more »

XE Market Analysis: Europe – Aug 15, 2018

The Dollar has posted broad gains amid a backdrop of rekindling risk aversion. Turkey’s Erdogan escalating the confrontation with the U.S. by announcing tariffs on U.S. cars, alcohol and cigarettes. Chinese stocks came under pressure again, and the PBoC set the USD-CNY reference rate at 6.8856, the highest since May 2017, up from yesterday’s fixing… Read more »

FTAs set to deliver more benefits to Australian exporters: Coulton

New benefits are on the way for Australian exporters and investors through the continual upgrading of market access arrangements and Free Trade Agreements. The post FTAs set to deliver more benefits to Australian exporters: Coulton appeared first on Grain Central. Source: Grain Central FTAs set to deliver more benefits to Australian exporters: Coulton

XE Market Analysis: Asia – Aug 14, 2018

The Dollar index started Tuesday’s N.Y. session on a firmer footing, though later in the morning session took off to fresh trend highs of 96.78. U.S. data featured import and export prices, though there was little FX market impact. EUR-USD opened near 1.1405, and made its way to new lows of 1.1330 late in the… Read more »

Weekly rainfall wrap + 14 day rain outlook, 15 August 2018

Two cold fronts generated moderate falls in southwestern and southeastern Australia, while Western Tasmania had wet and windy conditions throughout the week. The post Weekly rainfall wrap + 14 day rain outlook, 15 August 2018 appeared first on Beef Central. Source: Beef Central Weekly rainfall wrap + 14 day rain outlook, 15 August 2018

XE Market Analysis: North America – Aug 14, 2018

The Dollar has weakened as Ankara’s successful efforts to halt the rout in the Turkish Lira have helped calm global markets. The Yen also softened as safe-haven premiums were unwound, while most the likes of the Euro and Australian Dollar traded firmer. EUR-USD been choppy around the 1.1400 level, so far holding within yesterday’s 1.1365… Read more »

XE Market Analysis: Europe – Aug 14, 2018

Safe haven positioning were unwound some today, which saw the Dollar and Yen traded softer against most other currencies after Ankara managed to halt the rout of the Lira, which in turn brought a reprieve in still-fragile global markets. Most stock markets found a footing in Asia, and S&P 500 futures are showing a 0.3%… Read more »

Grain prices drive commodities higher in July

Higher grain prices drove the National Australia Bank’s Rural Commodities Index up 1.3pc in July, with prolonged dry conditions across Eastern Australia continuing to push feed prices higher. The post Grain prices drive commodities higher in July appeared first on Beef Central. Source: Beef Central Grain prices drive commodities higher in July

XE Market Analysis: North America – Aug 13, 2018

The Dollar and Yen rose while the Euro, Australian Dollar and other currencies dropped as risk-off went next level today as the Turkish Lira dove to new record lows, which in turn sparked risk aversion in other emerging market currencies. Ankara implemented raft of measures that successfully stopped the rout in the Lira, which in… Read more »

XE Market Analysis: Europe – Aug 13, 2018

The Dollar and Yen rallied amid a coursing risk-off theme in markets, which has hit Asian stock markets, commodity prices, and seen the likes of the Euro and Australian Dollar underperform relative to the other main currencies. The Turkish Lira dove to a new record low 7.24 versus the Dollar before rebounding some after Ankara… Read more »

WA winter crop heading towards record

It’s not just the wild flowers that have sprung into life in Western Australia, the state’s winter crop is going from strength to strength, spurred on by timely growing-season rains that have set the scene for a potential record production year. The post WA winter crop heading towards record appeared first on Grain Central. … Read more »

Scarcity of cottonseed restricts Cargill’s Narrabri crush

Headaches loom for specialist livestock feeders using cottonseed meal and hulls in their rations as cottonseed crushers, amid droughty market demand, strive to increase production. The post Scarcity of cottonseed restricts Cargill’s Narrabri crush appeared first on Grain Central. Source: Grain Central Scarcity of cottonseed restricts Cargill’s Narrabri crush

Profitable Black Sea grain makes its mark on Victorian delegation

A Victorian grower delegation back from a crop tour of the Black Sea region is coming to terms with the profitability and potential of a region now going head to head with Australia. The post Profitable Black Sea grain makes its mark on Victorian delegation appeared first on Grain Central. Source: Grain Central Profitable… Read more »

XE Market Analysis: Asia – Aug 10, 2018

The Dollar soared to better than one-year highs in N.Y. on Friday, taking the DXY to levels last seen on July 7 of last year. The Greenback had been on the move higher during the London morning session, as Turkey melted down on economic turmoil there, made worse later by the doubling of U.S. sanctions… Read more »